In 2002, the volume of investments in the Russian fuel and energy industry was 79 percent of the level of 2001. This information was released in documents prepared by the Russian Energy Ministry for a meeting of the Ministry's board, devoted to the results of 2002. The volume of investments, planned for 2003, amounts to RUR708.4bn (about $22.38bn), or 131.6 percent against 2002. It is planned to put in operation 3,937 oil wells, energy facilities with an output of about 1.206 million kilowatts, 884.8 kilometers of main gas pipelines, 776.6 kilometers of oil pipelines, and coal production facilities with capacity of 16.6 million tons.
In 2002, capital investments in the electrical energy industry were RUR79.740bn (about $2.52bn), or 89.6 percent of the planned amount. Electrical energy exports reached 18.6 billion kilowatt per hour, worth $261m.
The discovery of the submarine has unveiled a few "inconsistencies." For example, how can one explain the fact that the sub was found where it needed to be searched for from the start?
When on a state visit to Singapore, Russian President Vladimir Putin promised to revisit the discussion of the 1956 Declaration between the USSR and Japan regarding the issue of the peace treaty with Japan
The TurkStream, which runs along the bottom of the Black Sea from Russia's Anapa to Turkey, will consist of two lines, each with a capacity of 15.75 billion cubic meters of gas a year