| June 2006 |
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Unified Energy System [RTS: EESR] said Thursday it had reached an agreement with energy giant Gazprom [RTS: GAZP] to reduce the share of natural gas in energy production in favor of coal. 
Russia will be able to compensate for its budget imbalance of 200 billion rubles ($7.4 bln) in 2007, the finance minister said Thursday. 
Russia's gold and foreign currency reserves decreased by $1.9 billion, to $246 billion as of June 16, from $247.9 billion a week earlier, the Central Bank of Russia said Thursday. 
Russia's Foreign Ministry said Thursday it had no new information on the fate of four diplomats kidnapped in the Iraqi capital, Baghdad, almost three weeks ago. 
Russia's government will discuss pre-term payment of the country's debt to the Paris Club of creditor nations at a meeting Thursday, a Cabinet source said. 



