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Russias B&N Bank shareholders buy 58% in MDM Bank

Mikail Shishkhanov and Mikhail Gutseriyev, shareholders of Russias B&N Bank, have signed an agreement to acquire a 58.33% stake in MDM Bank from Sergei Popov, the banks said in a joint press release Tuesday.

Ukraine stops purchases of Russian gas from Wednesday

Ukrainian energy holding Naftogaz Ukrainy stops purchasing gas from Russian gas giant Gazprom from Wednesday and imports gas only from Slovakia, a spokesman for pipeline operator Ukrtransgaz Maxim Belyavsky told PRIME on Wednesday.

Russias Sberbank to initiate bankruptcy of 3 Mechel units

Russias biggest lender Sberbank plans to initiate bankruptcy of three subsidiaries of debt-ridden metals and mining group Mechel, the Chelyabinsk Metallurgical Plant, Yakutugol, and Bratsk Ferroalloy Plant, the bank said Wednesday.

Russian entity allocates radio frequencies bands for joint use

Russias State Radio Frequency Commission has allocated bands of radio frequencies for a joint use by radio-electronic equipment of mobile telephone connection, the Communications and Mass Media Ministry said in a statement Wednesday.

Results of the St. Petersburg International Economic Forum 2015 Time to Act: Shared Paths to Stability and Growth

The welcome address at this years Forum was delivered by Sergei Prikhodko, Deputy Prime Minister of the Russian Federation, Chief of Staff of the Government of the Russian Federation and Chairman of the Organizing Committee of the St. Petersburg International Economic Forum.
ST. PETERSBURG, Jun 23 (PRIME) -- Italian banking group Intesa Sanpaolo is discussing deals worth several billion euros with Russian state-owned oil major Rosneft, Antonio Fallico, chairman of the groups Russian unit Banca Intesas board of directors, said in an interview to PRIME published Tuesday.
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