| July 2009 |
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Gazprom Neft, the oil producing arm of Russian energy giant Gazprom, said on Monday its net profit calculated under Russian Accounting Standards decreased 56.5% year-on-year in January-June 2009 to 26.359 billion rubles ($850 million).
Russia will be forced to look for new markets for its grain this year amid declining demand in countries that are traditional buyers, the president of Russia's Grain Union said on Monday.
The official dollar rate set by the Russian Central Bank for July 28 is 30.7457 rubles, down 39 kopeks, the Central Bank said on Monday.
Russia may provide a $150 million loan to Cuba to finance deliveries of Russian construction and agricultural machinery, following a resolution signed by Russian Prime Minister Vladimir Putin on Monday.
The new president of Russia's largest diamond producer, Alrosa, confirmed on Monday the company plans to sell diamonds worth a total of $2 billion in 2009.
Gold output in Russia grew 24.6%, year-on-year, in January-June 2009 to 77.3 metric tons (2.5 million troy ounces), the Union of Russian Gold Miners said on Monday.
A GM-AvtoVAZ plant, which produces the Chevrolet Niva off-road model, resumed production on Monday following a two-week summer holiday, a company spokesperson said.