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. Last Updated: 07/27/2016

Looking Back ... March 7 to 13




- Twenty-four finalists in Moscow's "Woman Director of 1999" were all named winners by Mayor Yury Luzhkov at an awards ceremony just before Women's Day was celebrated March 8.


- Steelmakers welcomed a decision by the U.S. International Trade Commission that will allow them to increase exports to the United States. The commission rejected anti-dumping complaints and found no grounds to impose punitive tariffs on imports from Russia and five other countries.


- The government said it will raise the export tax on crude oil by a third to 20 euros ($19.26) per metric ton from early April. The move was expected to bring an extra $48 million per month.


- In a sign windfall profits from oil exports won't last forever, Organization of Petroleum Exporting Countries giants Saudi Arabia and Iran agreed producers should provide "adequate and timely" oil supplies.


- In a surprise announcement, Anti-Monopoly Minister Ilya Yuzhanov said no anti-monopoly laws were broken in the recent sale of shares in three of the country's largest aluminum plants.


- Stocks and trading volumes hit a post-crisis high as foreign investors anticipated a positive outcome to this month's presidential elections.


- Electricity utility Mosenergo said power shortages would hit Moscow city and region in about five years if the government did not revise tariffs for power producers.


- The Orthodox Church called on the Tax Ministry to review its plan to introduce personal tax numbers amid fears such codes could hide Satan's number - 666.


- Swedish furniture manufacturer IKEA's advertising campaign hit a snag when the Moscow metro system refused to run its advertisements. One said, "Every tenth European was made in one of our beds." The agency holding the advertising rights for the metro said such advertising could hurt Muscovites.