Morning re-cap of main news, January 31

* President Vladimir Putin gave an annual news conference in the Kremlin where he set out Russia's priorities during its presidency of the Group of Eight industrialized nations Tuesday, and highlighted Russia's status as a major nuclear power with a correspondingly important role to play in global affairs

// Feb. 01, 2006 - 05:24 GMT


12 dead in Tajikistan avalanche

DUSHANBE, February 1 (RIA Novosti) – Twelve people have died and eight are still missing after an avalanche hit Tajikistan, the republic's Emergency Situations Ministry said Wednesday.

// Feb. 01, 2006 - 05:56 GMT


Russia reduces crude export tariffs by $19

MOSCOW, February 1 (RIA Novosti) – Russia reduced customs duties on exports of crude and oil products by $18.80 to $160.80 on Wednesday.

// Feb. 01, 2006 - 06:23 GMT


Yukos sells independent subsidiary DPT for $71 mln

MOSCOW, February 1 (RIA Novosti) – Embattled Russian oil company Yukos announced another step Wednesday to raise money to clear its enormous tax arrears.

// Feb. 01, 2006 - 07:38 GMT


Russia must launch large-scale NPP unit production - Kiriyenko

ZHELEZNOGORSK, February 1 (RIA Novosti) – Russia must launch an extensive program to build generating units at nuclear power plants from 2012, the country's top nuclear-power official said Wednesday.

// Feb. 01, 2006 - 07:47 GMT


Gazprombank to launch ruble bond issue on MICEX

MOSCOW, February 1 (RIA Novosti) – Gazprombank, a subsidiary bank of Russian natural gas giant Gazprom, will place its debut bond issue worth 5 billion rubles (about $177 million) on the Moscow Inter-Bank Currency Exchange on February 2, the bank said Wednesday.

// Feb. 01, 2006 - 08:32 GMT


Russia's first president Boris Yeltsin turns 75

MOSCOW, February 1 (RIA Novosti) – Boris Yeltsin, the first post-Soviet president of Russia, celebrates his 75th birthday on Wednesday.

// Feb. 01, 2006 - 08:40 GMT


Ukrainian Authorities Approve Gas Deal with Russia, Meat and Dairy War Goes On

Ukrainian anti-monopoly authorities have approved a five-year gas deal between national oil and gas company Naftagaz Ukraine and mysterious Gazprom subsidiary RosUkrEnergo. But as the two countries are getting ready to overcome the bitter gas dispute, a new trade war – in meat and dairy exports – is waging on.

// Feb. 01, 2006 - 08:42 GMT


Estonian president to visit eastern coast affected by oil spill

TALLINN, February 1 (RIA Novosti, Nikolai Adashkevich) – Estonian President Arnold Ruutel and Environment Minister Villu Reiljan will visit the Nova region in the eastern part of the country Wednesday where a massive oil spill was reported in the Gulf of Finland.

// Feb. 01, 2006 - 08:43 GMT


Rosneft Invites India's ONGC to Underwrite Part of Its IPO - Source

Russia's state-owned oil giant Rosneft has invited India's Oil and Natural Gas Corporation (ONGC) to underwrite part of its multi-billion dollar initial public offering (IPO) which is set to take place later this year. In return Rosneft offers ONGC long-term strategic partnership. This information was reported on Wednesday, Feb. 1, by <i>Lloyds List</i>.

// Feb. 01, 2006 - 08:45 GMT