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Russia to Build Two Space-Defense Missile Plants

20:00 03/02/2012 GORKI (Moscow), February 3 (RIA Novosti)

Two space-defense missile plants will be built in central Russia, Deputy Prime Minister Dmitry Rogozin said on Friday.

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Ukraine Wants 34% in Gas Consortium with Russia, EU
19:06 03/02/2012
Ukraine should own a 34 percent stake in any gas transortation consortium with Russia and the EU to manage its gas transportation system, Germany's Sueddeutsche Zeitung newspaper reported on Friday, quoting Ukrainian President Viktor Yanukovych as saying.
Russian-Ukrainian gas deal
19:06 03/02/2012
Ukraine's new leader Viktor Yanukovych is seeking to revise a long-term gas deal by offering Russia a stake in its gas transportation system, which currently accounts for about 80% of Russian natural gas exports to Europe. The project was put on hold during Yushchenko's presidency.
Gazprom to Europe: Gas Demand Tops Contract Levels
18:53 03/02/2012
Faced with a cold snap, some Gazprom customers in Europe have complained that deliveries of Russian natural gas have declined, but Gazprom said they were asking for above-contract volumes, a Gazprom export official, Sergei Komlev, said on Friday.
Rosneft's 2011 Net Profit Rises 19.7% to $12.45 Bln
18:45 03/02/2012
Russia's largest oil company, Rosneft, saw 2011 net profit jump 19.7 percent year-on-year to $12.452 billion to US GAAP, the company said in a statement on Friday.
Medvedev Sets April 15 Deadline for Defense Contracts
16:44 03/02/2012
All tenders on state defense contracts are to be completed by April 15, Russian President Dmitry Medvedev said on Friday.
Alco-Pops Face End Over Russian Tax Labels
15:52 03/02/2012
Russian makers of low alcohol beverages have suspended production due to a lack of new excise labels from the Federal Service for Alcohol Market Regulation, Business FM radio station reported.
Hungary's Malev Airline Goes Bust
15:33 03/02/2012
Hungary's national carrier Malev ceased operations and grounded all its flights on Friday due to inability to cover a $270 million debt after the Hungarian government had stopped financing the airlines.
Montenegro to Join South Stream Project - Gazprom
15:04 03/02/2012
Russian gas giant Gazprom will build a connection to Montenegro in the South Stream gas pipeline, which is to carry Russian natural gas under the Black Sea to Europe, the company said on Friday.
South Stream gas pipeline
15:04 03/02/2012
A technical and economic assessment of the South Stream gas project will be ready in February 2011 and the pipeline will go into operation at the end of 2015. Russia has already signed intergovernmental agreements with Bulgaria, Serbia, Hungary, Slovenia and Croatia to implement the onshore part of the project.
Bank Chairman Downbeat on 6% InflationTarget
13:58 03/02/2012
Bank of Russia First Deputy Chairman Alexei Ulyukayev said on Friday that it would be harder for Russia to reach inflation levels of six percent in 2012 than last year.
Not Enough Gas Sent to Europe Due To Russian Cuts – Ukraine
13:36 03/02/2012
Europe has been receiving less Russian gas through Ukraine's pipelines because Russia has cut blue fuel supplies, Ukrainian Energy Minister Yuriy Boyko said on Friday.
Russia Holds Refinancing Rate at 8%
12:21 03/02/2012
Russia's central bank kept interest rates and its key refinancing rate unchanged at eight percent amid concerns about the euro zone's economic recovery, the bank said on Friday.
Gazprom Ups European Gas Supplies during Severe Cold
19:02 02/02/2012
Russian gas export monopoly Gazprom is to increase its gas supplies to Europe and neighboring states as severe cold hits the EU, Gazprom export head Alexander Medvedev said on Thursday.
Putin Instructs VTB to Devise Buyback Plan for IPO Stock Holders
16:51 02/02/2012
In a move likely to gain broader public support ahead of the March presidential election, Prime Minister Vladimir Putin on Thursday instructed Russia’s second largest bank VTB to devise a buyback plan for the bank’s IPO stock holders.
Putin Calls for Great Leap Forward for Business
15:35 02/02/2012
Russia must make a gigantic leap forward and become one of the 20 economies with the most favorable investment climate, Prime Minister Vladimir Putin said on Thursday.
Putin Cautions Eurasian Union on EU Mistakes
15:04 02/02/2012
The Eurasian Economic Union comprising Russia, Belarus and Kazakhstan should take into account the experience and mistakes of the European Union countries, Prime Minister Vladimir Putin said on Thursday.
Sovcomflot First on Privatization List in Spring
13:52 02/02/2012
Russia’s largest state-owned shipping company Sovcomflot will be the first asset the government may privatize in the spring, an Economics Ministry official said on Thursday.
Russia Needs Restructuring to Boost Growth – Roubini
13:50 02/02/2012
Russia's economic growth will slow to a snail's pace in coming years without serious structural reforms, New York University Economics Professor Nouriel Roubini said on Thursday.
Sberbank’s Return on Equity Soars to 28% in 2011
12:21 02/02/2012
Russia’s largest state-owned bank Sberbank saw its return on equity soar to 27-28 percent last year, Sberbank CEO German Gref said on Thursday.

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