The Russian government will retain a right to issue Eurobonds in the amountof $1.25bn in 2003, Deputy Prime Minister and Finance Minister AlexeyKudrin said at a briefing in the House of Government. He reiterated thegovernment was not planning to take foreign credits next year. The budgetdraft for 2003 is mapped out so as not to "take foreign credits", theDeputy Prime Minister pointed out. Kudrin was quoted as saying "Russia willrun high credit risks". .
A terrible accident occurred on a ski lift in Gudauri, Georgia when a malfunctioning elevator accelerated to a high speed and started crushing passengers
Acting Russian President Vladimir Putin is winning the presidential election in the country in a landslide victory
Russia's Foreign Ministry announced retaliatory measures against British diplomats: 23 Britons are to be expelled from the Russian Federation