| January 2008 |
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An agreement to sell 51% in Serbia's NIS oil company to Gazprom Neft, the oil arm of Russian energy giant Gazprom, will be signed on Friday, a source in the Kremlin said on Thursday. 
Russia's finance minister said on Thursday that the country's banks are not suffering from low liquidity, and should be able to cope with any upcoming upsets on world markets. 
The current turmoil in the global financial markets may impair development opportunities for Russia's major exporters of raw materials, the president of the Russian Union of Industrialists and Entrepreneurs said on Thursday. 
Russia will have to give up the production of Il-96 large-body planes for airlines with routes of up to 11,000 km (6,835 miles), the industry and energy minister said on Thursday. 
Russia and other major natural gas exporters could announce a cartel similar to OPEC in Moscow in June, a Russian business daily said on Thursday. 
The Chinese economy grew by 11.2% in the fourth quarter of 2007 as annual growth hit a 13-year peak, the country's government said on Thursday. 



