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MOSCOW, December 25 (RIA Novosti) - Russia's...

MOSCOW, December 25 (RIA Novosti) - Russia's president said Thursday he had signed a package of anti-corruption laws.


(Adds details, background, Lavrov and Gryzlov quotes in paras 2-8)

(Adds details, background, Lavrov and Gryzlov quotes in paras 2-8)


MOSCOW, October 18 (RIA Novosti) - Russia"s...

MOSCOW, October 18 (RIA Novosti) - Russia"s United Aircraft Corporation (UAC) said on Thursday it intended to hold an initial public offering on Russian bourses in late 2009 and early 2010 to the sum of $1-1.5 billion. The UAC was established earlier this year to help overcome the crisis in Russia"s aircraft industry, and incorporates many of the country"s best-known aircraft builders, including Mikoyan, Ilyushin, Irkut, Sukhoi, Tupolev, Yakovlev and other enterprises in the industry. A UAC official also said the corporation would float newly issued shares representing 10-15% of its charter capital by closed subscription in 2008, adding that Russia"s government-controlled foreign economic bank Vnesheconombank could participate in the offer. The UAC, which is 90% state owned, incorporates aircraft building companies and state assets engaged in the manufacture, design and sale of military, non-military, transport and unmanned aircraft in a bid to streamline the Russian aviation industry. The UAC official also said the company would borrow about 120 billion rubles (about $4.8 billion) by 2012.

Business

RUSSIA

agency reported

* Counterfeit cigarettes worth over $1.7 million were burned in northeastern China on the eve of the World Consumer Rights Day, local media reported

* More than 100 rotting pig carcasses discarded in the Qiantang River in China are threatening the health of 3 million locals, Chinese Global Times said

BUSINESS

* Russia may raise oil export duty on its Urals blend from the current $253.6 to $268.9 per metric ton from March 1, following trends on global oil markets, a Finance Ministry official said

* Russian metals magnate Mikhail Prokhorov will through his Onexim Group finance the Seliger 2010 youth forum, a symbol of the Kremlin"s youth policies, a Russian newspaper reported

* Russia is not considering a proposal to combine part of its South Stream gas project with the Western-backed Nabucco pipeline, Energy Minister Sergei Shmatko said

* Gazprom has started drilling its first exploration well in Africa in the

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