http://www.fin-rus.com/newtopics/news/default.asp Financial-Analyst Russian Brokerage Company: Russian Stock Market, Investment in Russia, Russian Stocks en-us http://www.fin-rus.com/newtopics/news04601/default.asp 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, vice PM and finance minister Alexey Kudrin said. "We not only suffered no losses, our money did not devaluate, but also earned some... 2008-08-20 10:08:00 http://www.fin-rus.com/newtopics/news04600/default.asp 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, vice PM and finance minister Alexei Kudrin said. "We are confident that 5.5% of GDP is too big for oil export revenues to be wired to the federal budget. We... 2008-08-20 10:07:00 http://www.fin-rus.com/newtopics/news045FF/default.asp Aug 20. Export duties on mineral fertilizers will remain in effect until the end of 2009, Vice PM and Finance Minister Alexei Kudrin told journalists. "The statutory documents have not yet been adopted, however, the decision in principle has been taken" - he said. Earlier, the duty was... 2008-08-20 10:06:00 http://www.fin-rus.com/newtopics/news045FE/default.asp Aug 20. Gazprom intends to assign shares in subsidiary utilities to a single business entity Gazoenergeticheskaya Kompaniya (GEK). A source familiar with the gas concern's plans said that primarily shares in Mosenergo and TGK-1 are at issue. "The work has already begun" - the source said... 2008-08-20 10:05:00 http://www.fin-rus.com/newtopics/news045FD/default.asp Aug 20. Rosneft's affiliate Neft Aktiv is prepared to withdraw its claims against grid companies, a source familiar with the situation said. The first signal about it was newswires that Kubanenergo, MRSK South and Neft Aktiv could enter into an amicable agreement. The proceedings were held... 2008-08-20 10:04:00 http://www.fin-rus.com/newtopics/news045FC/default.asp 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, head of FAS Igor Artemiev said Tuesday. Artemiev reiterated that Mechel did its best to cooperate with FAS and... 2008-08-20 10:03:00 http://www.fin-rus.com/newtopics/news045FB/default.asp Aug 20. The Federal Antimonopoly Service will force Mechel Group to cut coking coal prices by 15%, head of FAS Igor Artemiev said. "We will recommend that the company lowers prices 15% from September 1 to the end of the year" - he said. According to the head of FAS, Mechel is prepared to... 2008-08-20 10:02:00 http://www.fin-rus.com/newtopics/news045FA/default.asp 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. The bank floated a total of 7.35 mn shares with RUB 100 par value, the lender said in a press release. Shareholders bought out 4.60... 2008-08-20 10:01:00 http://www.fin-rus.com/newtopics/news045F9/default.asp 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. Light, sweet crude for September delivery was up 55 cents at USD 115.08 barrel in electronic trading on the... 2008-08-20 09:01:00 http://www.fin-rus.com/newtopics/news045F7/default.asp 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 the GoM. Light, sweet crude for September delivery fell 90 cents to settle at USD 112.87 on... 2008-08-19 09:01:00 http://www.fin-rus.com/newtopics/news045F5/default.asp 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 borrowings. Finance minister Alexei Kudrin said that according to the ministry's estimates,... 2008-08-18 10:08:00 http://www.fin-rus.com/newtopics/news045F4/default.asp Aug 18. The Russian Finance Ministry is exploring the option of assigning some cash from the National Welfare Fund to VEB for management, Alexey Kudrin said. "Possibly, VEB will manage a separate package, for which we'll make other requirements. This will be not financial investments, but... 2008-08-18 10:07:00 http://www.fin-rus.com/newtopics/news045F3/default.asp Aug 18. Russia's finance ministry plans to invest up to 40% of the National Welfare Fund (NWF) in corporate securities, Alexey Kudrin said. The percentage of each issuer in the aggregate portfolio is expected to be limited to 5%, which will make the portfolio more protected. At the initial... 2008-08-18 10:06:00 http://www.fin-rus.com/newtopics/news045F2/default.asp Aug 18. Minfin proposes cutting the Reserve Fund from 10% of GDP to 6% of GDP starting 2010 and these funds should be allocated to the National Welfare Fund (NWF), from which pension payments will be financed, vice PM and finance minister Alexey Kudrin said. "We believe that it is necessary... 2008-08-18 10:05:00 http://www.fin-rus.com/newtopics/news045F1/default.asp Aug 18.The Russian Finance Ministry has proposed adjusting the MET rate for natural gas by CPI effective 2011, Alexei Kudrin said. This is in line with key parameters of the budget strategy for a period of up to 2023, which is to be submitted to the government within a week. A similar... 2008-08-18 10:04:00