| January 2007 |
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Talks between Russia and Belarus, expected to focus on an oil dispute between the ex-Soviet neighbors, have started at the Russian economics ministry, the ministry's press service said Wednesday. 
Russian oil transit through Belarus to Europe has yet to be resumed, a Russian deputy economics minister said Wednesday. 
"The Belarusian government declares void the state tax on oil transit via Belarus imposed by the council of ministers," Sergei Sidorsky said. 
Russia's Stabilization Fund, set up to accumulate windfall oil revenues, rose 7% month-on-month to reach 2,346.92 billion rubles as of January 1, or $88.7 billion at the current exchange rate, the Finance Ministry said Wednesday. 
Members of Russia's lower house of parliament passed an appeal Wednesday to their new colleagues in the U.S. Congress, urging them to intensify efforts to ratify key international treaties. 
St. Petersburg has been flooded once again, the local emergencies service in Russia's second-largest city said Wednesday. 
Vladimir Putin and Alexander Lukashenko have discussed the problem of Russian oil transit via Belarus on the phone, the Kremlin press service said Wednesday.
Poor sonar conditions might have contributed to a collision between a U.S. nuclear-powered submarine and a Japanese tanker in the Arabian Sea, a Russian naval expert said Wednesday. 
St. Petersburg has been flooded once again, the local emergencies service in Russia's second-largest city said Wednesday. 
Evraz Group [LSE: EVR] has extended its offer to purchase shares of U.S.-based Oregon Steel Mills until January 12, the Russian metals giant said Wednesday. 
One militant was killed in a firefight with federal troops in southeast Chechnya, while four suspected militants surrendered to authorities in various districts of Russia's troubled North Caucasus region, local police said Wednesday. 



