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. Last Updated: 07/27/2016


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Putin Receptive as Steel Firms Appeal

Prime Minister Vladimir Putin went to Magnitogorsk on Friday with an open ear, promising chiefs of the country’s top steelmakers that the government would defend them abroad and might pass a law requiring natural monopolies and state corporations to buy their products.

A Strong Hand in Banking Could Backfire

A visit to Sberbank headquarters by Prime Minister Vladimir Putin last week may have been more cordial than some of his recent corporate appearances, but the message was little changed.

Duma Returns Amid Finger-Pointing

The Communists poured scorn on United Russia when the State Duma reconvened for a special session Friday to revise a bill that the Federation Council rejected despite strong support from the Kremlin and Cabinet.

Ministry Sees High Capacity Price Cap

A draft order would also spell out the rules by which prices are determined.

Russia May Seek Loans Of $18Bln

Russia is looking to borrow $18 billion abroad next year to help fund its budget deficit, while revenues could get a $2 billion boost from higher taxes for the gas sector, a Finance Ministry source said Friday.

Business in Brief

Domestic Oil Prices Down / Gazprom May Invest Less / Uralkali Signs India Deal / LUKoil to Return to Ghana / Gazprom Neft Repays Loan / Aeroflot to Sponsor CSKA  / Chelyabinsk Output Down / For the Record

Ukraine Close to Gas Sector Reform Deal

Ukraine is close to agreeing to gas sector reforms that international lenders have demanded before they can extend loans to help prevent a cut in Russian gas supplies to Europe, a European Commission spokesman said Friday.

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