For the Record

By Combined Reports

Aug. 10, 2011

Moscow's Federal Arbitration Court upheld a decision by the Federal Service for the Protection of Cultural Heritage to entitle the Russian Union of Rights Holders, or RSP, headed by film director Nikita Mikhalkov, to collect 1 percent of the price of blank CDs and DVDs, bringing the organization up to $100 million in revenue this year, the Rapsi news agency reported.
(MT)

Net losses at KamAZ, one of the biggest truck builders in Russia, came to 285 million rubles ($9.5 million) for the first half of 2011, versus losses of 124 million rubles in the year-ago period, the company reported, while sales revenues were up 44.5 percent year on year.?

(Interfax)

Russia's foreign-currency and gold reserves advanced $4.1 billion in the week ended July 29 to $535 billion, the Central Bank said. This is the highest level since October 2008, Bloomberg data show.
(Bloomberg)

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