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. Last Updated: 07/27/2016

Looking Forward ... April 24 to 30




- After President-elect Vladimir Putin went out into the world last week, the world is returning the compliment this week. Missions from the International Monetary Fund and the World Bank arrived Monday to take a look at the state of joint plans of the Central Bank and the federal government for managing the economy. After the way the heads of these institutions gushed about Putin and his plans before they had even seen them, fresh praise is expected once the visitors have actually eyeballed Russia's economic development strategy.


- U.S. Representative James Leach, head of the House Banking Committee, and a group of U.S. congressmen will hit town Wednesday to attend a series of seminars, briefings and consultations with Russian officials regarding the Bank of New York money-laundering scandal. Unfortunately, State Duma hearings on the scandal that had been planned for this week have now been put off until June, due to insufficient preparation.


- And also popping in this week is Japan's new prime minister, Yoshiro Mori, who will meet with Putin on Saturday in St. Petersburg.


Following up on Putin's stopover last week in Minsk, Tuesday will witness the first meeting of the Russia-Belarus Union Council of Ministers.


- The same day will witness annual general meetings for the Moscow Interbank Currency Exchange and Promstroibank St. Petersburg. Also Tuesday, the Russian Trading System will suspend trading in Uralsvyazinform unless it receives full information on the telecom provider's recent share emission.


- Giant truckmaker KaMAZ will hold an extraordinary shareholders meeting Tuesday to consider proposals to issue new shares, change the company charter and other matters.


- The State Duma on Wednesday will consider the agreement negotiated in February by First Deputy Prime Minister Mikhail Kasyanov with the London Club of private creditors restructuring some $30 billion of Soviet-era debt assumed by Russia. The final form of the agreement is supposed to be published by Saturday at the latest.


- Representatives from Czech carmaker Skoda Auto will hold discussions with counterparts representing Izhevsk factory Izhmash on the realization of a proposed joint venture between Izhmash Holding and Skoda Auto to manufacture up to 170,000 cars a year. The two sides signed a letter of intent last December.


- On Thursday, the Economics Ministry is slated to release its plans for the economy from 2001 to 2003, providing a basis for work to start on building a draft of the 2001 budget.


- The results of a privatization auction for a 14 percent stake in Novokuznetsk Aluminum, Russia's fifth-largest aluminum producer, are due to be announced. Starting price for the auction was set at $10 million.


- Promstroibank's suit contesting the Central Bank's decision last July to withdraw its operating license is set to resume Thursday.


- The Moscow Duma will on Friday examine City Hall's plans for reform of Moscow's municipal housing policies.


- St. Petersburg opticals giant LOMO will hold its annual general meeting Friday. Cherepovets steelmaker Severstal, Russia's second-largest, will hold its AGM the same day, as will Orenburg's Orenburgneft.