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June 2004 in Ukraine and to 3.7% from 2.5% in yen and 5.5% against the British pound in June
Kazakhstan. 2005 on
but remain unchanged at 0.1% on deposits denominated in the Japanese yen. The LIBOR on euro
denominated 3 month interbank deposits is expected to
depreciated against the The terms of Russia’s trade with foreign
Japanese yen, British pound and many other countries in 2004 improved as compared
currencies,
was slower by 0.1 percentage
significant increment was due to high en points).
ergy prices on the world market and, con Growth in the
of the legislation Law “On the Securities Market”. It was designed to en
regulating relations of affiliation, the Bank of Russia up sure equal opportunities
British pound, 9.5% against the trade turnovers expanded significantly. At
Japanese yen and 6.7% against the Swiss the same time, there was a
0.8 percentage points, or 14.9%, in The favourable price situation en
January March 2003. joyed by Russian exporters on world
Prices and tariffs
4. FSAP: main stages
1 . F S A P im ple m en ta t io n
n eg o tia tio n s w
1100
the animated film "Just You Wait!", on the top right the inscription "НУ, ПОГОДИ!" (JUST YOU WAIT!).
Authors
The artists: E.V. Kramskaya (obverse), A.