| October 2008 |
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The tough economic situation in Russia and the world will not affect Russian natural gas projects, such as the Nord Stream and South Stream pipelines, the president of the Russian Gas Union said on Monday. 
Ukraine's energy ministry has approved a Russian company's winning bid to construct a nuclear power plant (NPP), Ukraine's UNIAN news agency reported on Monday. 
Britain's Prime Minister Gordon Brown said on Monday world leaders should set up a new Bretton Woods system to tackle the global financial crisis. 
Russia's second largest bank, VTB, will apply to state-controlled national development bank, Vnesheconombank, for a loan to refinance its $11.4 billion foreign liabilities in 2008-2009, VTB CEO Andrei Kostin has said. 
The global financial crisis has yet to peak, and individual governments must now take appropriate measures to deal with its effects, Russia's finance minster said. 