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,
Aug 18. The Arbitration Court of the Khanty-Mansiisk Autonomous District on Friday found Norwegian Telenor guilty of USD2.82 bn impairment and ordered the latter to pay RUB 460,000 in litigation ex
Aug 18. Severstal is in talks with banks over a USD 1.5 bn loan.
Aug 18. Norilsk Nickel has appointed Adrian Coates from HSBC Bank as its main corporate strategy advisor,
Aug.18. In global petroleum market news, oil prices hit a 3-month low Friday on a stronger dollar and a bearish OPEC demand report.
Aug 15. US secondary home sales declined to a 10-year low in Q208, with the average price of a single-family home dropping 7.6%. In April-June 2008, home prices stood at USD 206,500 compared t
Aug 15. Russia's Finance Ministry will hold an auction to place budget resources on bank deposits for a total of RUB 100 bn at 0.8% interest rate on August 19, 2008, the ministry said in a pres
Aug 15. The executive board of the Public Utility Reform Fund took a decision to hold two auctions on August 28, 2008 for the right to take deposits totaling RUB 20 bn, the fund said in a pres
Aug 15. The Federal Antimonopoly Service is about to adopt a decision to offer non-discriminatory access to Gazprom's pipeline systems for independent gas producers, head of FAS Igor Artemiev
Aug 15. The Federal Financial Markets Service registered on Thursday five bond issues of Gazprom Neft (series 01-05) for a total of RUB 35 bn, the regulator said. Maturity of series 1 RUB 5 bn
Aug 15. The Moscow State Labor Inspection issued instructions to TNK-BP Management on Thursday to eliminate violations of the labor legislation identified as part of an extraordinary probe by Septe
Aug.15. In global petroleum market news, oil prices pulled back about a dollar Thursday as waning U.S. demand for energy overshadowed supply threats from the Russia-Georgia conflict.
Aug 14. Norilsk Nickel has declined to accept UC RusAl's offer to develop a feasibility study for environmental upgrade, the nickel producer said in a press release.
Aug 14. UC RusAl is to file a suit with the arbitration court against Lukoil, Russia's No. 2 oil producer,
Aug 14. Novatek has joined gas trading on the Mezhregionagaz electronic gas exchange with "next day" shipments and broken Gazprom's monopoly in this market segment.
Aug 14. Novatek posted a 70% rise in 2Q 2008 net profit under RAS to RUB 7.05 bn,
Aug 14. Rosneft and Gazprom Neft will supply the necessary volume of fuel oil to cover the peak load in autumn and winter in Kamchatka, Vice PM Igor Sechin told Vladimir Putin at a meeting Wednesda
Aug 14. Norilsk Nickel reported a 18% decline in RAS revenue to RUB 124.26 bn in 1H 2008,
Aug.14. In global petroleum market news, oil prices spiked back to near USD 117 a barrel on Wednesday after the weekly inventory report showed a steeper-than-expected drawdown in U.S. gasoline supp
Aug 13. Confidence of US consumers in the national economy improved in August due to lower gasoline prices, but remained below 50 points,
Aug 13. MC RusAl has proposed a large-scale environmental upgrade program for NorNickel's enterprises and offered to help develop a feasibility study for this project.
Aug 13. Gazprom's subsidiary is eyeing construction of the Adler TPP.
Aug 13. The Natural Resources and Environment Ministry has prepared a list of federal fields,
Aug 13. Novolipetsk Metallurgical Plant has inked an agreement to take over steel pipe maker with US roots John Maneely Company from Carlyle Group and the Zekelman family for USD3.53 bn.
Aug 13. The Board of Directors of Russian mineral fertilizer producer Akron has recommended that the shareholders approve H108 per-share dividends of RUB 80,
Aug 13. The Federal Securities Service (FSS) HAS registered reports on FGC's additional shares floated as part of the unbundling process from UES.
Aug.13. In global petroleum market news, oil prices continued to slide on Tuesday, dampened by a stronger U.S. dollar and more evidence that developed countries are cutting back on their energy use
Aug 12. Events in South Ossetia cannot alter the fundamental indicators of the Russian economy,
Aug 12. More funds are to be allocated from the budget to culture, health care, education and national defense next year,
Aug 12. Georgian Oil and Gas Corporation has denied information that Russian gas transit via the Georgian territory to Armenia was cut 30% due to maintenance works on the trunk pipeline.
Aug 12. Severstal has acquired 100% of gold producer Balazhal in Kazakhstan,
Aug 12. Sergey Batekhin who had acted as Norilsk Nickel CEO for less than a month, has been demoted.
Aug 12. Lukoil-Severo-Zapadnefteprodukt has applied to the Federal Antimonopoly Service to take over Lukoil- Severnefteprodukt,
Aug.12. In global petroleum market news, oil prices closed at a new 3-month low Monday after briefly dropping below USD 113 a barrel mark, as the dollar extended its rebound and more signs emerged
Aug 11. NorNickel's BoD adopted a decision at its Friday meeting to appoint Vladimir Strzhalkovsky as the company's CEO,
Aug 11. Holding Company Interros does not consider RusAl the only partner to roll out NorNickel,
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