Russia will "morally and financially" support projects, directed at development of Palestinian economics. This was announced by vice-minister of Finances Sergey Strochak, who heads Russian delegation at ministers` of finance from "big 8 countries" meeting in London. During meeting in London special representative of "four" international mediators (USA, EU, UNO and Russia) James Wolfenson asked Israeli and Palestinian ministers of finance to show personal interest in stabilization of situation in the country. In exchange he suggested ministers of finances and governments of "eight" to support private sector of economics in these countries. "Russia supports mission of Wolfenson morally and financially, including his initiative of project`s realization in Palestine", - said Sergey Strochak. Russia grants $1 million for support of special representative apparatus at Middle East. Recently Russian authorities reduced fees to Organization of European Security and Co-operation budget by $3.5 millions. Therefore, there are funds on support of Palestine.