Russian PM signs ruling to launch oil, oil product exchange Aug 1
Russian Prime Minister Mikhail Fradkov has signed a ruling to begin trading in oil and oil products on a commodity exchange August 1, the government's press service said Friday.
The commodity exchange will be chosen by the Economic Development and Trade Ministry at a tender, according to the ruling.
Also, the government recommended that state-owned companies starting October 1 buy at least 15% of their annual demand for oil and oil products on the oil and oil product exchange.
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Putin Says 4-Year Term Is Too Short
Putin meeting reporters from Group of Eight countries at his Novo-Ogarevo residence outside Moscow on Sunday.
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By adopting an ambitious policy programme for the next seven years (2007-2013), especially in the field of regional policy, the European Commission has set high standards for itself and for those working on European projects.
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Russian Certification and State product registration became easier for RusCham members. Certification Center "Russian Standard" RusCham members also provides 10% discount on certification service for RusCham members.
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Rosinter Restaurants, which operates the Planet Sushi, Il Patio, TGI Friday's and Benihana chains in Russia, raised a smaller-than-expected $100 million in the first initial public offering by a restaurant company in a former Soviet country.
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Russia has raised its oil export duty by more than $40 from $156.4 to $200.6 per tonne from 1 June 2007, according to a decree signed by Prime Minister Mikhail Fradkov last month.
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European criticism of Russia's reliability as an energy exporter in the wake of the recent suspension in oil exporters via the Druzhba pipeline is likely to fall on deaf ears in the Kremlin.
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Contrasting views about the direction of the Russian economy and its future relations with trading partners emerged at the EBRD Business Forum on Monday 21 May in an Economics Panel discussion entitled “Russia in the world”.
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Russia plans to complete bilateral negotiations on its accession to the World Trade Organization within three weeks, and all multilateral talks by the end of July.
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WARSAW. - Poland expects Russia to negotiate with the European Union regarding an ongoing ban on Polish meat exports and will not hold bilateral talks on this and related issues, Foreign Minister Anna Fotyga told a Thursday press conference.
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