| January 2012 |
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Cyprus has received the second 1.32 billion euro tranche of a 2.5 billion euro loan pledged by Russia, the Cypriot Finance Ministry said on Thursday.
Share prices of Russian precious metals miner Polymetal and gold producer Polyus surged in London trading on news that the companies’ billionaire owners were considering merging their gold assets to create the world's ninth-biggest gold producer.
Russia should orient its monetary policy more strongly toward fighting consumer price inflation, the International Monetary Fund's Senior Resident Representative in Russia Odd Per Brekk said on Thursday.
Russia plans to start investing some of its foreign currency reserves into the Australian dollar from February to diversify its international holdings amid global market volatility, Central Bank First Deputy Chairman Alexei Ulyukayev said on Thursday.
Kamchatka Gold, a gold miner controlled by billionaire Viktor Vekselberg’s Renova asset management group, will hold an initial public offering no early than the second half of 2013, Vekselberg said at the World Economic Forum.
Sanctions on Iran by the OECD states could push oil prices up 20-30 percent to $140 per barrel unless alternative supplies from developing countries come on line, the International Monetary Fund said on Thursday.
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Russia does not expect the eurozone to disintegrate despite its sovereign debt crisis and will keep its international reserves structure unchanged, Russian Central Bank First Deputy Chairman Alexei Ulyukayev said on the sidelines of the World Economic Forum on Thursday.