Aug 20. Fannie Mae and Freddie Mac bonds have generated over USD 1 bn in profits in the past 6 months for Russia, in which it invested international reserves, >>>

 Aug 20. MinFin proposes lowering the transfer of oil export revenues to the federal budget from 5.5% of GDP to 4.9% of GDP in 2009, >>>

 Aug 20. Export duties on mineral fertilizers will remain in effect until the end of 2009, >>>

 Aug 20. Gazprom intends to assign shares in subsidiary utilities to a single business entity Gazoenergeticheskaya Kompaniya (GEK). >>>

 Aug 20. Rosneft's affiliate Neft Aktiv is prepared to withdraw its claims against grid companies, >>>

 Aug 20. The Federal Antimonopoly Service which completed review of the Mechel affair last week will impose a fine on the company of 5% of annual turnover of coking coal sales, >>>

 Aug 20. The Federal Antimonopoly Service will force Mechel Group to cut coking coal prices by 15%, >>>

 Aug 20. Bank of Moscow has placed an additional stock offering and raised RUB 8.28 bn. In addition, 37% of additional shares were placed in a public offering. >>>

 Aug 20. In global petroleum market news, oil prices were slightly higher in Asian trading on Wednesday, around USD 115/bbl as investors await today’s midweek crude inventory report.>>>

 Aug.19. In global petroleum market news, oil prices settled below USD 113 a barrel for the first time in over three months Monday as Tropical Storm Fay steered clear of oil production facilities in>>>

 Aug 18. A gradual decline in budget revenue, even taking into account all proposals by MinFin on corporate and individual taxation, will lead to federal budget deficit in 2014 and the need to boost>>>

 Aug 18. The Russian Finance Ministry is exploring the option of assigning some cash from the National Welfare Fund to VEB for management, >>>

 Aug 18. Russia's finance ministry plans to invest up to 40% of the National Welfare Fund (NWF) in corporate securities, >>>

 Aug 18. Minfin proposes cutting the Reserve Fund from 10% of GDP to 6% of GDP starting 2010>>>

 Aug 18.The Russian Finance Ministry has proposed adjusting the MET rate for natural gas by CPI effective 2011, >>>

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