17:49
RUSSIAN ALROSA COMPANY AND DE BEERS TRANSNATIONAL CORPORATION DRAFT NEW DIAMOND SELLING AGREEMENT
The Russian joint-stock company ALROSA and the De Beers transnational corporation are negotiating in Moscow on a new diamond sales agreement, reported ALROSA's Moscow office. More detail...

16:45
RAO UES AND ITERA TO PARTICIPATE IN PRIVATIZATION OF ARMENIAN GRID
RAO Unified Energy Systems of Russia and Itera intend to bid for the right to privatize Armenian electricity distributing networks. More detail...

16:32
NO RUBLE LIQUIDITY DEFICIT EXPECTED ON CURRENCY MARKET IN SEPTEMBER
Even though it's the end of a quarter, no ruble liquidity deficit is expected to occur on the Russian currency market in September, as significant volumes of budget payments will be made then. More detail...

16:28
GOVERNMENT TO DISCUSS THE FUTURE OF RUSSIA'S ANTARCTIC RESEARCH
On Thursday, the Russian Cabinet of Ministers will discuss implementation of government-sponsored measures to ensure Russia's interests on the Antarctic Continent and organisation of an expedition to Antarctica before 2005. More detail...

16:10
RUSSIAN PRIME MINISTER KASYANOV, ITALIAN FOREIGN MINISTER RUGGIERO DISCUSS PROSPECTS OF RUSSIA'S ENTERING WTO IN MOSCOW
Prospects of Russia's entering the World Trade Organisation were discussed in Moscow by Russian Prime Minister Mikhail Kasyanov and head of the Italian foreign policy department Renato Ruggiero, who chaired WTO last year. More detail...

15:33
NORWAY'S RADIOACTIVITY PROTECTION EXPERTS TO MONITOR KURSK DISASTER AREA DURING SALVAGE OPERATION
Employees of Norway's State Radioactivity Protection Service hope to arrive in Murmansk during the upcoming weekend to assist monitoring works in the Kursk disaster area during the salvage of the sunken submarine, said Ingmar Amundsen, an adviser with the aforementioned Radioactivity Protection Service, in a Wednesday telephone interview. More detail...

15:26
SIBUR SIGNS AGREEMENT WITH TECHNIMONT WORTH EURO 89M
The Siberian-Ural oil, gas and chemical company (SIBUR) and an Italian company Technimont signed a contract for the construction of a polyethylene producing factory in Moscow today. More detail...

15:17
USA-RUSSIA INVESTMENT FUND PURCHASES JSC J.P. MORGAN BANK
More detail...

15:02
ALL-RUSSIAN SCIENTIFIC AND INDUSTRIAL FORUM OPENED IN NIZHNY NOVGOROD
Wednesday the six-day All-Russian Scientific and Industrial Forum "United Russia" opened in Mizhny Novgorod (Volga federal district). More detail...

14:53
TYUMEN OIL COMPANY COMMENTS ON CREATION OF SINGLE TARIFF AGENCY
The creation of a single tariff agency in Russia will have no noticeable impact on oil transporting tariffs, a source in the press service of Tyumen Oil Company noted in an interview with RBC More detail...

14:35
GOLD BID/ASK, RUSSIAN CENTRAL BANK
On September 5, the Russian Central Bank's bid for gold was fixed at 243.07 RUR/g, and the asking price at 258.5 RUR/g with a change of -0.2% as compared to the previous day. More detail...

14:07
ADMINISTRATION OF TRADING SYSTEM FOR ELECTRICITY MARKET TO BE CONSIDERED ON SEPTEMBER 15
Participants of the conference to be held on September 15 and chaired by deputy PM Viktor Khristenko will consider the creation of the administration of the trading system of the Russian wholesale market of electricity. This information was voiced at today's conference called 'The creation of the competitive wholesale market of electricity in Russia'. More detail...

13:59
CENTRAL BANK OF RUSSIA SETS EURO EXCHANGE RATE FOR SEPTEMBER 6
The Central Bank of Russia set the euro exchange rate for September 6 at 26.12 rubles per euro. More detail...

13:55
RUSSIAN PRESIDENTIAL ENVOY LEONID DRACHEVSKY: RUSSIA SHOULD SECURE A SIGNIFICANT SHARE OF WORLD TIMBER MARKET
More detail...

13:52
NEW AUTHORITIES TO BE GRANTED TO FEDERAL ENERGY COMMISSION
The Federal Energy Commission will keep its title, representative of the commission Georgy Kutovoy reported in an interview with journalists today. It is worth mentioning that a decree was signed by President of the Russian Federation Vladimir Putin yesterday. More detail...

13:48
THE RUSSIAN SIBUR AND THE ITALIAN TECHNIMONT COMPANIES WILL BUILD A PLANT FOR PRODUCING POLYETHYLENE IN RUSSIA
The Russian Sibur oil, gas and chemical company and the Italian Technimont company signed a contract on Wednesday in Moscow worth 89 million Euros for the building of a plant to produce polyethylene in Russia. More detail...

13:41
RUSSIA AND CHINA TO DO AWAY WITH MUTUAL TRADE DISBALANCE
Russia and China are planning to do away with the disbalance in their reciprocal trade, said Ilya Klebanov, Vice-Premier of the Russian Government, at a meeting of the commission to prepare regular meetings between the Premiers of Russia and China, which was held on Wednesday. More detail...

13:28
VOLUME OF TRADING EXCEEDS $113M ON UNIFIED TRADING SESSION
TodaysssCommercial banks were rather active buying the US currency at a dollarstrading session this morning. According to banking experts, banks have nosproblems with ruble liquidity now, as the balance of correspondent accountssincreased significantly yesterday. More detail...

13:20
PRESIDENT PUTIN DISCUSSED ECONOMIC ISSUES WITH PREMIER KASYANOV
Vladimir Putin held a business session with Russian Premier Mikhail Kasyanov. More detail...

13:15
RUSSIAN AND CHINESE DEPUTY PRIME MINISTERS DISCUSS BILATERAL ECONOMIC COOPERATION ISSUES IN MOSCOW
The negotiations between Deputy Prime Minister Ilya Klebanov and Chinese State Council Vice Premier Wu Yi began in the Russian Government House in Moscow. More detail...

01:51
INTERNATIONAL CONFERENCE ON SATELLITE COMMUNICATION OUTLOOK OPENS IN DUBNA NEAR MOSCOW
The second international conference Development Prospects of Multimedia Satellite Communication and Broadcasting in Russia and Countries of the Commonwealth of Independent States (CIS) opened in Dubna on Tuesday. Its organizers are the Russian Communication and Informatics Ministry, federal board for space communication and the National Television and Broadcasting Association. More detail...

01:07
VLADIMIR PUTIN TASKS GOVERNMENT
Russian President Vladimir Putin has tasked the government to review small business taxation legislation before the end of the year, said Putin's press-secretary Alexei Gromov. More detail...

19:46
PRIME MINISTER ARIEL SHARON APPROVES INSURANCE PROGRAMME FOR FOREIGN-TRADE DEALS
Israel's Prime Minister Ariel Sharon has approved a 75 million dollar programme for insuring foreign-trade deals, Dalia Itzik, Israel's Minister for Industry and Commerce, said on Tuesday at a meeting of co-chairmen of the mixed Russian-Israeli commission on trade and economic cooperation. More detail...

18:20
RUSSIA'S FOREIGN TRADE TURNOVER STANDS AT $81.7 BILLION OVER 7 MONTHS
The foreign trade turnover of Russia over the first seven months of this year constituted 81.7 billion dollars, showing a 9-percent increase from the January-July period of last year, reported the Russian State Customs Committee on Tuesday. More detail...

16:54
VALUE OF CONTRACT BETWEEN FINNISH COMPANY OUTOKUMPU OY AND NORILSK NICKEL MAY AMOUNT TO USD 250 MILLION
The total value of the contract between the Finnish company Outokumpu Oy and the Russian mining and metallurgical company Norisk Nickel for construction of a new ore-enriching plant in Norilsk (north of the Krasnoyarsk Territory, Taimyr autonomous district) and expansion of capacity of operating ore-enriching plant in neighbouring Talnakh may amount to USD 230-250 million. More detail...

16:52
TOUGHER CUSTOMS REGULATIONS ENRICH STATE BROKERS
The toughening of customs regulations and increase in export-import operations on the Russian market have yielded greater profits for brokers. As seen from the first half-year performance of the State Unitary Enterprise Rostek, results have even surpassed expert expectations proceeding from the upcoming sharp toughening. More detail...

15:12
ECONOMIC ASPECTS OF PUTIN'S FORTHCOMING VISIT TO GERMANY DISCUSSED IN MOSCOW
Prime Minister Mikhail Kasyanov met with representatives of the Russo-German working group on strategic elements of economic and financial cooperation today to discuss the economic aspects of the visit of President Vladimir Putin to Germany, scheduled for late September. More detail...

14:51
FINANCE MINISTRY DENIES FABRICATION ON DOLLAR BAN IN RUSSIA
The Finance Ministry said the Tuesday publication of the alleged President's decree on the ban of foreign currency circulation in Russia drafted in the Account Chamber was a provocation. More detail...

14:07
AUDIT CHAMBER OFFICIALLY REFUTES REPORTS ABOUT BAN ON U.S. DOLLAR CIRCULATION IN RUSSIA
The Audit Chamber of Russia has officially refuted reports of some media about the alleged preparation of a presidential decree on ban on foreign exchange circulation in Russia. Such a report was published by one of the Moscow newspaper Tuesday. More detail...

13:53
KURSK SALVAGE OPERATION FITS SCHEDULE
The Kursk salvage operation fits the schedule, Chief of the press service at the Russian Navy Igor Dygalo was quoted as saying on Tuesday. Speaking live on the NTV channel, he stressed that the malfunction of equipment caused by a bottom stone, which got into the equipment the other day, did not affect the schedule. More detail...