'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.
The decision of the Kremlin to deploy tactical nuclear weapons (TNW) in Belarus has negative aspects. What if Belarus tries to keep those weapons to itself?