A positive tendency will continue in the Russian economic development in 2002 despite a fall in world oil prices, Russian Finance Minister Alexey Kudrin announced at the opening of the sixth meeting of the Russian-Italian council for economic, currency and financial cooperation. Kudrin stated that the main macroeconomic parameters testify to the upgrading of the Russian economy. The Finance Minister recalled that a rise in the GDP will reach more than 5.5 per cent in Russia this year and it is expected to be more than 4 per cent in 2002. Moreover, a rise in investments in the country's economy amounted to more than 7.5 per cent in the first nine months of 2001.
HMS Defender of the British Navy entered the territorial waters of Russia on June 23. Russian border guards opened warning fire on the British destroyer. UK said it did not happen