| October 2006 |
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Futures trading in Russian oil REBCO (Russian export blend crude oil) has started on the New York Mercantile Exchange. 
The assets of Russia's bankrupt Yukos Oil Company [RTS: YUKO] could be valuated with a discount of 10-90%, the head of Roseco, included in the consortium of valuators, said Monday. 
A Russian Soyuz-U booster rocket with a Progress M-58 cargo spacecraft has been launched from the Baikonur space center to the International Space Station, a spokesman for the Russian Federal Space Agency said Monday. 
"If the EU thinks it can take radical steps with regard to Iran's nuclear program and to simultaneously continue talks with us, they must understand that Iranians are not that simple and understand everything perfectly well," Larijani said. 
Russia does not seek to revoke the license of the Sakhalin II oil and gas project in Russia's Far East, the Russian foreign minister said Monday. 
"We have no plans to restore [transport] links with Georgia yet," Sergei Lavrov said at a meeting with European businessmen. 
Three foreign vessels are nearing a disabled Russian ship following its distress signal from the Sea of Japan saying that water had flooded one of its holds earlier Monday, a Russian rescuer said. 
Russia's foreign minister said Monday the UN Security Council is not discussing a resolution on Iran's controversial nuclear program and said he hoped talks with Tehran are still possible. 
Severstal [RTS: CHMF], Russia's second-largest steel producer, announced Monday a global offering of its stock and the commencement of investor meetings. 
The operator of the vast Sakhalin I hydrocarbon project off Russia's Pacific coast has proposed spending $1.293 billion in 2007, down $307 million on 2006, the administration of the Far Eastern island said Monday. 
"We still have the chance to join NATO in around 2010," Anatoliy Hrytsenko said, adding that all branches of power should coordinate efforts to achieve this goal. 



