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. Last Updated: 07/27/2016

For the Record

Finance Minister Alexei Kudrin said Wednesday that the ruble may strengthen to between 24 and 26 per dollar as a result of high oil prices.

The Central Bank plans to start adding Australian dollars to its reserves this fall, Interfax reported Wednesday, citing Central Bank First Deputy Chairman Alexei Ulyukayev.

Chinese Assistant Foreign Minister Cheng Guoping said Wednesday that he's confident his country will reach an agreement with Russia on gas supplies during President Hu Jintao's visit this week as Gazprom and China National Petroleum continue talks that failed to reach an agreement last week.

Tele2 Russia Holding subsidiary St. Petersburg Telecom has announced an increase in the size of its debut ruble bond offering because of high demand from 5 billion rubles ($180 million) to 10 billion rubles, Tele2 announced Wednesday.

Deputy Finance Minister Alexei Lavrov, appointed by Prime Minister Vladimir Putin on June 10, will be responsible for budgetary reform, drafting of state programs and state financial control, the ministry reported.