Russia's GDP is likely to grow by 4.5 percent in 2003, Deputy Economy Minister Arkady Dvorkovich told reporters in Moscow today. He said this GDP growth would only be seen if the price of Brent oil dropped to $21 or $22 per barrel. At present, the price of Brent oil is about $25 per barrel. Dvorkovich noted that if the price of Brent oil stayed put, Russia's GDP would amount to 5 percent.
US President Joe Biden and Iraqi Prime Minister Mustafa Al Qadimi signed an agreement on July 26 to formally end the USA's military presence in the country by the end of the year