| October 2008 |
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The board of directors of Russian flagship air carrier Aeroflot has elected Transportation Minister Igor Levitin as its chairman, Aeroflot said on Tuesday. 
The first Russian-made freight plane built for China by the Aviastar-SP aircraft maker has landed at Tianjin Airport, a spokesman for a Russian air company said on Tuesday. 
Russia and China signed on Tuesday an agreement for the construction of a pipeline branch to China as part of the East Siberia-Pacific Ocean (ESPO) oil pipeline. 
Russia's Admiralty Shipyard will move a new enhanced ice-class tanker, the Mikhail Ulyanov, from a dry dock to a wet dock on Friday for the final stages of construction work, its press service said on Tuesday. 
Russian President Dmitry Medvedev said on Tuesday that sanctions imposed by the U.S. on Russia's state-run arms exporter are shortsighted, and will not have any negative impact on Russia. 
Russian Prime Minister Vladimir Putin proposed on Tuesday that Russia and China gradually switch over to national currency payments in bilateral trade, expected to total $50 billion in 2008. 
During his upcoming visit to the Netherlands on October 30, Russia's foreign minister will give priority to trade and economic ties between the two countries, a Foreign Ministry spokesman said on Tuesday. 
The rail monopoly, Russian Railways (RZD), warned that its net profits for 2008 are expected to be 50% less than predicted due to the ongoing global financial crisis, RZD CEO Vladimir Yakunin said on Tuesday. 
The 4th Iran Kish Air Show-2008 opened on Tuesday in the Persian Gulf, a RIA Novosti correspondent reported. 