'The Russian economy will not suffer even if oil prices fall by half,' announced President of YUKOS oil company Mikhail Hordovsky at a meeting with journalists in Moscow yesterday. As a Rosbalt correspondent reports, Mr Hordovsky pointed out that oil extraction in Russia only accounts for 15% of GDP and therefore this industry is not of critical importance for the country as a whole. 'The Russian economy is relatively steady at present and this is unlikely to change,' said Mr Hordovsky.
An unidentified man wielding a knife attacked civilians in the Church of Notre Dame in the French city of Nice. Three people were killed, several others were hospitalised with injuries.One of the victims was beheaded