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Russian exports in 2004 could total USD 150 billion, with a favorable trade balance of USD billion expected
The Russian Vice-Minister Alexander Zhukov told a conference entitled 'Corporate Management and Economic Growth in Russia' that the government has worked out mechanisms 'which would neutralize the impact of a fall in oil prices on the Russian economy. Favorable world circumstances have had a positive impact on the country's earnings.' According to Zhukov, it has been proposed that a stabilization fund totaling USD 4-5 billion be established in 2004. Currently, the stabilization fund is growing faster that planned. He said that by the end of 2004 the fund could total no less than USD 10 billion.
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After a five-year lapse, the first train from Grozny arrived in Moscow today
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The trade turnover between Georgia and Russia could grow to 8 billion US dollars a year
For the period of January-April 2004 Russia's foreign trade has risen to a positive balance of 24.3 million dollars.
Russia and Oman have finished bilateral talks today in connection with Russia's admission to the WTO
delegation of Japanese businessmen are studying the possibilities of investing in the Irkutsk region
The oil company YUKOS has said it considers it possible the company could become bankrupt by year's end
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what steps will Russia take in the current oil-trading situation?
On Thursday the State Assembly of Bashkiria has asked Mikhail Fradkov to increase financing for the Bashkir nuclear power project
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