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Russias Uralvagonzavod applies for 60 bln rbl state guarantees

AIRO, May 25 (PRIME)
Russian railway equipment and tank maker Uralvagonzavod has applied for up to 60 billion rubles of state guarantees for production programs and debt refinancing, CEO Oleg Siyenko said Monday.

Official: Russian govt to decide on pvt cos access to shelf by Aug

Russian authorities will make a final decision on access of private companies to development of the countrys shelf by the end of July, Deputy Prime Minister Alexander Khloponin told reporters Monday.

Russias Sberbank in talks to sell Mechels debt to investors

Russias Sberbank is holding talks to sell the debt of metals and mining group Mechel to some domestic investors, First Deputy CEO Maxim Poletayev said at a news conference Wednesday.

FOCUS: Russias Qiwi to bolster market grip with Contact, Rapida in pocket

Russias Qiwi, a payment services provider, has agreed to buy 100% in Contact, a money transfer system, and Rapida, a payment processing system, from Otkritie in exchange for equity. The deal, hinted at by mass media earlier this year, will significantly strengthen the positions of Qiwi and allow Otkritie, the countrys largest independent financial group, to ensure a professional management for the payment systems, analysts said.
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MOSCOW, Apr 23 (PRIME) -- Basel Aero, which manages airports in Russias Krasnodar Region, is in negotiations with Chinese airlines on direct connection between Beijing and the Black Sea resort of Sochi, CEO Leonid Sergeyev said in an interview told with PRIME published Thursday.
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