The Amsterdam Court of Appeal said Tuesday that the sale of Yukos Finance BV, a Dutch corporation, by the Russian administrator violated international law because the shares do not fall within Yukos Oil’s Russian bankruptcy. (Bloomberg)
Oil output may decline by almost half over the next decade if the government does not offer tax breaks to spur development and crude prices tumble, Vedomosti said Tuesday, citing an Energy Ministry report. (Bloomberg)
Prime Minister Vladimir Putin said Tuesday that the 2011 inflation rate might be 6.3 percent and country can “practically” do without poultry imports starting from next year, Interfax reported. (Bloomberg)
Russian Railways will increase investment this year to 315 billion rubles ($10.3 billion) from 270.5 billion rubles on rising income, CEO Vladimir Yakunin said Tuesday. (Bloomberg)
Goldman Sachs has hired Clemens Grafe as its chief Russia economist, two people said Tuesday.? (Bloomberg)
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