| August 2008 |
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Russia will be forced to shut its embassy in Tbilisi following Georgia's announcement that it is severing diplomatic ties with Moscow, a Foreign Ministry source said on Friday. 
Russia is seeking to continue dialogue with the U.S. on issues relating to a new strategic arms treaty and missile defense, a Foreign Ministry spokesman said on Friday. 
Russia believes it is essential to maintain diplomatic relations with Georgia, a Foreign Ministry spokesman said Friday. 
Russia dismissed on Friday media reports claiming the country plans to cut oil supplies to Europe amid growing tensions over the Georgia conflict, calling them nonsense. 
A delegation from a Russian nuclear power construction company Atomstroyexport will discuss the completion of the Bushehr nuclear power plant in Iran on September 1, a company spokesman said on Friday. 
Russia's Black Sea Fleet may eventually use the Abkhazian port of Sukhumi as a naval base, former fleet commander said on Friday. 
Russia's largest oil company, Rosneft, said Friday its U.S. GAAP net profit for the first half of 2008 was $6.876 billion, a year-on-year increase of 187%. 
Russia's Black Sea Fleet is capable of destroying NATO's naval strike group currently deployed in the sea within 20 minutes, a former fleet commander said on Friday. 
Russia and South Ossetia will on Tuesday sign an agreement on friendship and cooperation, which will stipulate the deployment of a Russian military base in the republic, a South Ossetian official said Friday. 



