| October 2009 |
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Russian oil and petrochemical exporters posted a 45% decrease in revenue in the first nine months of 2009 to $129 billion, the finance minister told the lower house of parliament on Wednesday.
Russia will sustain significant losses if it decides to tear up a contract to deliver S-300 surface-to-air missile systems to Iran, an unnamed defense industry official said on Wednesday.
The lower house of Russia's parliament adopted on Wednesday in the first reading a draft federal budget for 2010 and key budget parameters for the period until 2012.
Russia's Federal Customs Service said on Wednesday it was ready to sign a deal with the Bank of New York to settle its $22.5 billion money laundering suit against the U.S.-based banking giant.
Russian President Dmitry Medvedev said on Wednesday that government corporations operating in competitive industries in Russia could be transformed into joint stock companies.
VTB Group, Russia's largest banking group, announced on Wednesday a net loss of 31.5 billion rubles ($1.07 billion) in January-June 2009.
The official dollar rate set by the Russian Central Bank for October 22 is 29.1641 rubles, down 2.70 kopeks from Wednesday, the Central Bank said.
The lower house of Kazakhstan's parliament approved on Wednesday a draft budget for 2010-212, with a deficit expected at 4.1% of GDP next year.
Russian President Dmitry Medvedev will host a meeting with Russian business leaders on Wednesday, to discuss a strategy to pull the economy out of the ongoing crisis, the business website BFM.ru reported.
The Russian government may introduce measures to oblige companies to invest in energy efficiency and other technology projects, a Kremlin aide said on Wednesday.
A second crisis wave in Russia is unlikely, and the economy could switch to sustainable growth as early as 2010, a presidential economic aide said on Wednesday.
Gazprom Marketing & Trading (GM&T), a subsidiary of the Russian energy giant Gazprom, and Electricite de France (EDF) have agreed to swap natural gas between the U.S. and European markets, the Russian company has said in a statement.



