The total volume of authorized capital of Russian credit organizations amounted to 282.18bn rubles ($8.95bn) by July 1, 2002, the department of external and public relations of the Russian Central Bank reported. This was 21.191bn rubles ($672m) more as compared to data as of January 1, 2002.
The number of credit organizations with a stake in the authorized capital owned by foreigners increased by 3 and reached 129 by July 1. The total number of credit organizations registered by the Central Bank reached 1,921, which was 80 less than of January 1, 2002.
The choice of the city of Helsinki is not incidental as the capital of Finland had hosted US-Soviet negotiations on the limitation of nuclear stockpiles in 1969