The total amount of assets of Russian banks amounts to 40 percent of the country's gross domestic product, Deputy Finance Minister Alexey Ulyukayev told journalists after today's government meeting, at which the development of the Russian banking sector was considered. According to estimations of the Finance Ministry, capitalization of Russian banks amounts to 5.1 percent of the GDP, the deputy minister said.
He stressed that banks' assets might advance to 45-50 percent of the GDP next year, which had been actually planned for the year 2005.
Ulyukayev also declared that by February 15, 2003 a project of the strategy of development of the banking sector would be submitted to the government.
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