It is shown that the L(2) norm of electric currents induced in a dissi
pative medium can never exceed the norm of the external currents. This
allows the construction of a simple iteration method to solve the Max
well's equations. The method produces a series converging to the solut
ion for an arbitrary conductivity distribution and arbitrary frequency
of field variations. The convergence is slow if the lateral contrast
of the conductivity distribution is about 10(4) or higher. A modificat
ion significantly improving the convergence is described in this paper
. As an example, electromagnetic fields induced in the model (includin
g the western part of the Northern American continent and the adjacent
part of the Pacific Ocean) are calculated.