Source Pravda.Ru

Statistics Committee releases data on inflation rate

From August 1 to 12, 2002, the inflation rate amounted to 0.1 percent inRussia, the State Statistics Committee of Russia reported. In the week fromAugust 6 to 12, the CPI did not change. The daily average price growth was0.008 percent in the first 12 days of the month as compared to 0.000percent of the corresponding period of 2001. In July 1-12, 2002, thisfigure amounted to 0.023 percent.In July 2002, the inflation rate was 0.7 percent, in January-July 2002 -9.8 percent. The government's forecast of the inflation rate for 2002 is12-14 percent..

The US is going to ban exports of Iranian oil to the world market from November 5 of this year. In turn, Iran threatens to block the passage of oil tankers of the Gulf countries through the Strait of Hormuz

Will Iran close the Strait of Hormuz to trigger global oil crisis?

The US is going to ban exports of Iranian oil to the world market from November 5 of this year. In turn, Iran threatens to block the passage of oil tankers of the Gulf countries through the Strait of Hormuz

Will Iran close the Strait of Hormuz to trigger global oil crisis?

China has allocated $20 billion to restore economies of the Arab states. In addition, China and the Arab countries will create an inter-bank association worth three billion dollars

China weaves financial web to oust Russia and USA from Middle East
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