Source Pravda.Ru

Russian Presidential Grants for Olympic Games athletes instituted

Russian President Vladimir Putin issued a decree on "Grants for athletes - participants of Olympic Games and their coaches", the Kremlin press-service disclosed to a RIA Novosti correspondent.

The grants were instituted on July 1 this year, with the purpose of state support of sports and incitement of athletes' activity.

The Presidential grant equals 15,000 rubles (approximately $480) and will be paid monthly.

Starting from July 1, 2002, 1,000 of such grants will be given, and starting from January 1, 2003 - about 3,000 grants.

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