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. Last Updated: 07/27/2016

12/19/2008

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Economic Growth Seen Flat Until July

The Economic Development Ministry forecasts 2.4 percent growth for 2009 if Urals crude averages $50 per barrel.

Gazprom Threatens to Cut Off Ukraine

A statement by Ukrainian President Viktor Yushchenko on Thursday drew a new warning from Gazprom that deliveries to Ukraine would be halted in January if it didn’t cover all of its gas debts.

Tough New Rules for Adoptive U.S. Parents

The government will toughen regulations for Americans wishing to adopt Russian children after a U.S. court acquitted a Virginia man of felony charges in the death of his newly adopted Russian son earlier this year, officials said Thursday.

Mechel Posts Record Profits for 9 Months

Mechel, the country's largest coking coal producer, had record profits in the first three quarters of the year but will have to cut production and working hours to navigate through a period of sinking commodities prices, chief executive Igor Zyuzin said Thursday.

Premier Wants Bank Chief Fired In Ukraine

Combined Reports
Ukrainian Prime Minister Yulia Tymoshenko called on Thursday for the resignation of Central Bank Chairman Volodymyr Stelmakh, blaming the bank for the hryvna currency’s fall to historic lows against the dollar.

Sibir Energy Real Estate Purchase Postponed

Bloomberg
Sibir Energy stockholders postponed a decision Thursday on purchasing property from shareholder Shalva Chigirinsky after the Moscow City Hall opposed the transaction, sending Sibir higher in London trading.

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