Morning re-cap of main news, December 25

* Gazprom proposed that Belarus pay part of its natural gas price tag with shares in the company controlling Europe-bound pipelines, the Russian natural gas monopoly said, adding that Belarus's refusal to pay a fair market price for Russian natural gas jeopardizes energy supplies to the country

// Dec. 26, 2006 - 05:27 GMT


Second volcano erupts in Russia's Far East in two days

PETROPAVLOVSK-KAMCHATSKY, December 26 (RIA Novosti) – A second volcano has erupted on the Kamchatka Peninsula in Russia's Far East, spewing out ash up to an altitude of 10 kilometers (6 miles), a local seismology center spokesman said Tuesday.

// Dec. 26, 2006 - 06:24 GMT


Russia launches three Glonass satellites

MOSCOW, December 26 (RIA Novosti) – Russia has expanded its global navigation satellite system (Glonass) with three satellites, a spokesman for the Russian Federal Space Agency (Roscosmos) said Tuesday.

// Dec. 26, 2006 - 06:48 GMT


Banks' correspondent accounts with CBR rise 2.3%

MOSCOW, December 26 (RIA Novosti) – Credit institutions' balances on correspondent accounts with the Russian Central Bank totaled 572.5 billion rubles ($21.73 billion at the current exchange rates) at the beginning of the business day, up 2.3% (12.6 billion rubles/$478.2 million) from Monday, the CBR said Tuesday.

// Dec. 26, 2006 - 07:09 GMT


Pres. election in Turkmenistan likely Feb.19, Niyazov birthday

MOSCOW, December 26 (RIA Novosti) – Presidential elections in Turkmenistan may be held February 19, the birthday of the late authoritarian president, Saparmurat Niyazov, a government source told Ria Novosti by phone Tuesday.

// Dec. 26, 2006 - 07:37 GMT


Gazprom Warns Belarus of Gas Cuts if Price Hike Not Accepted

Russia's state-controlled gas monopoly Gazprom has announced a price hike of some $30 for neighboring Belarus and threatened to cut the gas supplies starting on Jan. 1, if the hike is not accepted.

// Dec. 26, 2006 - 08:40 GMT


Accidents down 13%, fatalities up 5% in Russian industry in 2006

MOSCOW, December 26 (RIA Novosti) – Russia's accident rate in 2006 fell by an estimated 13% while fatal incidents increased 5%, year-on-year at Russian enterprises, the federal technical standards agency said Tuesday.

// Dec. 26, 2006 - 08:46 GMT


Russia Launches Communications Satellite

Russian carrier rocket put a communications satellite into orbit, the Russian Space Forces informed Sunday.

// Dec. 26, 2006 - 08:50 GMT


Russia defends its gas honor

MOSCOW. (RIA Novosti economic commentator Nina Kulikova) – This year has been the most eventful for Russia's energy policies since the break-up of the Soviet Union.

// Dec. 26, 2006 - 08:50 GMT


Dollar rises 0.72 kopeks on MICEX

MOSCOW, December 26 (RIA Novosti) – The average weighted dollar rate for contracts with "tomorrow" settlements was 26.3600 rubles during Tuesday morning's unified trading session on the Moscow Interbank Currency Exchange (MICEX), up 0.72 kopeks from Monday.

// Dec. 26, 2006 - 08:51 GMT