| June 2006 |
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Foreign companies are currently allowed to hold no more than 49.5% in projects involving "strategic" deposits - primarily in the energy sphere, but also including metals such as gold and copper.
President Vladimir Putin Tuesday invited foreign investors to take part in Russian projects to build roads and seaports, modernize airports and work in housing and communal services.
Deputy board chairman Alexander Ryazanov said the energy giant had raised the price from the current $46.68 to $200 per 1,000 cubic meters in its latest draft agreements sent to Belarus for consideration, a move expected to tear a hole of around $2 billion in the Belarusian budget.
"It is alarming that in the last year or two Georgia has been buying great amounts of Soviet armaments from East European countries," Sergei Ivanov told journalists.
Russia's industry and energy minister said Tuesday he saw no reason to merge state oil pipeline monopoly Transneft (RTS: TRNFP) and oil transport company Transnefteproduct.
"The OSCE's structures and procedures are not organized and, honestly speaking, this is simply chaos," Alexei Borodavkin said. 
Gazrpom (RTS: GAZP) will select partner companies to develop the giant Shtokman gas deposit off Russia's Arctic coast before the summer holidays but after its shareholders' meeting, a spokesman said Tuesday.



