The World Bank thinks Russia will have no problems in repaying its foreign debts in 2003, the chief economist of the World Bank's office in Moscow announced at a meeting with journalists today. He noted that they agree with estimates of the IMF that Russia will have no problems with debt repayments in 2003 and in the following years. In addition, the World Bank's representative noted that the macroeconomic situation remains stable in Russia and the volume of gold and currency reserves testifies to this as well as the positive balance of payments and a surplus budgeted for 2002. These factors will be helpful in the event there are any problems with debt repayments. At the same time, he stressed that the Russian economy is still strongly dependent on prices of energy carriers and this makes it vulnerable.
After the incident with the shootdown of the Ilyushin Il-20 reconnaissance aircraft over the Mediterranean Sea, Russia will supply an S-300 anti-aircraft missile system to Syria
Indeed, how dare they run US-independent policy? They should have followed the example of the European Union that turned independent states of the Old World into US-ditto entities