
"Gazprom" to solve price dispute with Ukraine in Stockholm arbitration
"Gazprom" will apply to Stockholm arbitration tribunal in case Ukraine will illegally take the gas, assigned for Europe", - warned vice-chairman of company Alexander Medvedev.

"Gazprom" will apply to Stockholm arbitration tribunal in case Ukraine will illegally take the gas, assigned for Europe", - warned vice-chairman of company Alexander Medvedev.

Interregional universal New year trade fair "Meteliza" will open on Sunday in Novgorod the Great.

Moscow government has declared about the intention to sell all owned share holdings of capital hotels.

Moscow businessmen will not have to storm banks to be able to pay rent for January in December to avoid fines.

Committee of Central bank directors decided to reduce the refinancing rate to 12% per annum. This was informed by department of Foreign and Public relationships of Russian bank.

Public corporation "Gazprom", which has bought more than 75% of "Sibneft" stocks, will finally legalize control over the oil company on stockholders` meeting on Friday.

"Gazprom" company intends to start new ADR program at the rate of 40% from authorized capital stock in first quarter or first half of 2006.

The baby car "Oka" will be taken out from production in June 2006, declared the JSC "Severstal-avto" director-general Vadim Shvetsov today in Naberezhnye Chelny (Tatarstan).

Unified Energy System CEO Anatoly Chubais promises to build dozens of new power plants in Russia. He declared it on Tuesday at the ceremony, dedicated to the start of constructing the third power unit for the Heat and power plant-27 Moscow power utility Mosenergo.

On Wednesday at the special extraordinary general meeting of JSC "AvtoVAS" the Board of directors was retired and the new one elected, which also constitutes of 12 people.

Russian federation President’s counselor on economics Andrey Illarionov called the start of Russia external debt advanced repayment to be decision of 2005.

"Gazprom" fulfilled the plan of gas supply to Ukraine for 2005 in full measure, announced representative of gas concern.

235 millions rubles from Russian budget will be spent on financing of social development programs in Ukrainian settlements, where military units of Black Sea Fleet are located. This sum also includes refund of charges from local budgets, connected with realization of Black Sea Fleet servicemen`s and members` of their family equal with Ukrainian citizens right for education in local educational institutions, health protection and other social services.

Ukrainian Prime Minister Yury Yekhanurov arrived in Moscow on talks concerning power supply. The question of gas supply is to be discussed at the meeting between Yury Yekhanurov and Russian Prime Minister Mikhail Fradkov. Gazprom representatives has already declared that the price of gas will not be fixed in 2006. The price formula for future supplies is to correspond to the similar European price formulas. Thus, price of gas for Ukraine will depend on price of oil and oil products at European markets. Gazprom officials notes, that this type of price formation is an absolutely transparent mechanism, independent of initiatives and offers of the gas company.

Extremely high inflation this year is the result of excessive spending of oil-dollars, informed minister of finances Aleksey Kudrin. "Inflation level of 11% means that we spent lots of oil money in Russia", - said Kudrin, noting that in other oil-producing countries inflation is less than 3-4%.

Russian president Vladimir Putin confirmed that future of Commonwealth of Independent States depends on Russian gas supplies. But at that he made a reservation that this future doesn`t depend on gas prices.

According to Vladimir Putin, every Russian public company, Rosneft to become one, is interested in professionals independently of their citizenship and nationality. Putin didn’t give the name of the manager intended for the post of Chairman of Rosneft board of directors.

For 11 months of year 2005 about 4378 kilograms of gold have been mined. This is 125 kilograms more comparing with the same period of 2004, informed press-service of regional government.

Russian commercial banks accounts will be blocked at the beginning of 2006 in Georgia, informed President of National Bank of Georgia Roman Gotsiridze. "All Russian banks, operating on the territory of Abkhazia, will be declared, so to say, non grata, their accounts will be blocked", noted Gotsiridze.

OJSC "Gazprom" doubts in guarantee completion of interrupted Russian gas supply to Europe, declared Gazprom official Sergei Kuprianov.

Administration of Altaisky krai permitted Ruscosmos to use territory of krai as area for failure of used space rockets, launched from "Baikanur" cosmodrome.

Financial director of "YUKOS" Bruce Mizamore leaves the company.

By 2010 financing of "Mortgage for young families" subprogram of federal purpose program "Habitation" will amount to 165 milliards rubles.

Russia may ban plant growing production import from Georgia

Total saving on percents from advanced repayment of Russian debt to Paris Club will amount to $5 milliards. This was announced by Russian minister of Finance Aleksey Kudrin.