MMC Norilsk Nickel, the world’s largest nickel and palladium producer, has completed the cancellation of 13,911,346 ordinary shares representing 8.08 percent of the company’s share capital, says an official press release on the miner’s website.

Russia is expected to produce 321 helicopters this year, almost a double increase over 2012.

Rosneft and ExxonMobil are en route to choose the contractor for design and engineering work for their LNG project in the Russian Far East.

The newly-appointed economic development minister has toned down his optimism about the 2013 economic growth, says the Finmarket news agency.

Russia is not ready to implement the new salary system that liberal democrats believe is a solution to the country's embarrassingly low wages.

The Central Bank has cooled the ambitions of the Economic Development Ministry by issuing a conservative GDP forecast, says Vedomosti.

Gazprom's subsidiary grabs Moscow's power operator to secure a monopoly over the capital's enery market, says RBC daily.

Onexim eyes control over 50 percent of Svyaznoy Group, says Kommersant daily.

The net capital outflow in private sector in July totaled more than $9 billion, says RBC daily.

The Central Bank has not yet picked the head of the financial markets division set up in a bid to build a 'mega-regulator', a move announced earlier this year and approved by the parliament.