Russian president Vladimir Putin has stated that the Russian government should be poised to take the tumbling oil prices. We have foreseen this, said the president, opening the Kremlin conference with the cabinet on Monday. The head of state reminded the audience that the government, which had expected the drop in the oil prices, had introduced respective amendments to the draft budget of 2002 before the second reading. The government should be ready to adjust the country to the recent changes, and there is every opportunity for this, said Vladimir Putin.
Russian President Vladimir Putin got the West worried again by signing Decree No. 915. The news did not produce any public effect in Russia