OJSC Megafon, a biggest mobile operator in Russia, plans to invest about 3 billion EUR ($4.616 billion) in expanding business in Iran.

A Chinese plant initiated screw driver assembly of Mi 171 helicopters, a Russian leading military export item.

Virgin Group Ltd., an international conglomeration, is prepared to enter the Russian market. This week the company is to announce that the federal mobile operator Virgin using WiMAX technology is coming to 30 Russian cities.

OJSC Severstal, the key Russian steel producer, has completed the transaction on acquisition of American Sparrows Point plant. The amount of transaction made up $810 million.

London real estate has been in favour of Russian businessmen for several years already. Now it seems impossible to buy a house in London in a popular district less than for £10 million.

DHL focusing on express transportation of goods plans to invest up to $250 million in Russia by 2011.

The Russian ruble has been called the world’s most prospective currency. The leading banks recommend buying up Russian rubles, one of the most profitable investments presently.

The upcoming Red Square parade is to become the first of military vehicles and equipment since 1990. Russian analysts consider the parade to be “an exhibition” of domestic military equipment staged to attract possible foreign customers.

The duty rate on export oil is going to hit a new record and make up $398.1 per ton starting 1 June, 2008. The new rate has been set up due to high oil prices on the international market.

Baltika, the leader of the Russian beer market, transported the first beer consignment to Italy at the end of April.