* Valery Yazev, the head of the Russian Gas Association, said Russia might increase the price of its natural gas supplied to Ukraine
* Rostelecom said it had completed the construction of a fiber-optic data transmission line to link Russia's Far East and China
* Natural Resources Minister Yury Trutnev said Russia would be ready to start implementing the Kyoto protocol on measures to combat climate change after the end of the summer
* The Sakhalin Region administration said a delegation from the China Development Bank had visited the region in Russia's Far East to discuss a cooperation agreement
* German industrial giant Siemens said it had signed a 600-million-euro ($765-million) deal with Russian Railways on supplies and maintenance of eight high-speed trains
* State-owned oil company Rosneft said its consolidated net profit rose 49.8% year-on-year in the first quarter of 2006 to 40.8 billion rubles ($1.5 bln)
* Economics minister German Gref said most shares in a planned 3Q06 IPO of Rosneft, Russia's state-owned oil company, would be floated on the London Stock Exchange
* Pyaterochka Holding N.V. said it had closed a merger with Perekryostok, one of the largest supermarket chains on the Russian market
* Russian Transport Minister Igor Levitin admitted that the flight recorders from an Armenian airliner that crashed May 3 off Russia's Black Sea coast may never be found
* Russian Prime Minister Mikhail Fradkov said the government was seeking to keep inflation to 8-9% in 2006
* Interpol said it had put Aslan Abashidze, the ex-leader of the formerly breakaway Georgia region of Adjaria, on the international wanted list in connection with serious crimes including terrorism
* Moscow City Court said it had adjourned hearings on extending the custody of former Nuclear Power Minister Yevgeny Adamov, who is facing charges of fraud and abuse of office
* The Federal State Statistics Service announced significant year-on-year increases in investment figures for Russia in the first quarter of 2006, with a 46% rise in foreign investment and a 57.4% in overseas investment
* Russia's state space agency confirmed Malaysia's first astronaut would fly to the International Space Station on board a Russian Soyuz space shuttle in September 2007.
