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. Last Updated: 07/27/2016

For the Record

Russia will cut the price for natural gas imported by Belarus to $150 per 1,000 cubic meters in 2012, from the current $300, Vedomosti reported Tuesday.

RusHydro agreed to borrow 40 billion rubles ($1.3 billion) to finance its operations and investment program in a two-year loan from Sberbank, the company said Tuesday.

Bashneft's Ufaneftekhim refinery suffered a chemical leak that killed one worker during repairs of a reservoir late Monday, but operations are continuing uninterrupted, a Bashneft press official said Tuesday.

Petr Aven, president of Alfa Bank and co-head of CTC Media's board of directors, doubled his stake in television company CTC Media to 0.2 percent last week, Vedomosti reported on its web site Monday.

The level of Internet penetration in Russia will more than double over the next two years to 97 percent, Federal Press and Mass Media Agency head Mikhail Seslavinsky said Tuesday.