Sibneft attracted Raiffeisen Zentralbank’s credit $ 200 mln worth at Libor+1.6 % for 39 months

The Federal Council has passed the amended bill ‘On beer’

The document specifies the intention of the parties to cooperate in oil and gas projects.

The time of freight inspection will shorten from 3 hours to 40-50 minutes, if the government passes the offers of the Ministry of Economic Development concerning the new customs clearance procedure

From January 1, 2007 the Central bank will be obliged to withdraw licenses from banks, which do not keep up with the 10 per cent capital adequacy ratio

From January 1, 2007 the Central bank will be obliged to withdraw licenses from banks, which do not keep up with the 10 per cent capital adequacy ratio

The Russian export saw a 35.8 per cent growth in 2004.

Interfax – The South Korean Hyundai Motor Company’s sold 2.85 times more cars in Russia through its official dealer network in January 2005 as compared to January 2004.

Interfax – Vneshtorgbank (VTB) says it will open a five-year credit line worth $ 250 mln for construction of a multifunctional office and recreation complex called ‘Federation’ to appear in two to four years on the territory of ‘Moscow-City’, the emerging international business centre

Interfax– Russia’s banks issued 46 percent more banking cards in 2004, their number increasing to about 35 million.