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Russian business abandons oil wealth illusions -- minister

Russian businesses are abandoning hopes for a high oil price return and begin to cut costs and diversify, Economic Development Minister Alexei Ulyukayev said on Friday during a Sochi investment forum.

RussiaTurkey accord on Turkish Stream needs adjustments minister

Russia and Turkey are still adjusting a Turkish Stream deal, and a final agreement will be signed after Turkeys new government has been formed, Energy Minister Alexander Novak told reporters Friday on the sidelines of the G20 energy ministers meeting.

Russias Mechel fulfills bond buyback obligations

Russian metals and mining group Mechel has fulfilled its buyback obligations on its 10-year bonds of the 13th and 14th series, the company said in a statement on Tuesday.

Source: Russias MegaFon wins 1,800 MHz frequencies in Caucasus

Mobile operator MegaFon has won 1,800 megahertz (MHz) frequencies in the republic of Dagestan in the Caucasus during Russias first frequencies auction, industry sources said Friday.
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MOSCOW, Aug 31 (PRIME) -- Russias Roseximbank, the state agent bank for guarantees to exports, plans to grant at least 20 billion rubles of loans to support hi-tech exports until the end of 2015, Dmitry Golovanov, chairman of the banks management board, told PRIME in an interview published Monday.
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