Complete coverage of the U.S.-Russia summit, being held July 6-8 in Moscow.

Basic Element is looking to close deals that would expand its interests into oil and create a national metals champion.

The Union of Right Forces began directly criticizing President Vladimir Putin for the first time this fall after learning that the Kremlin would break a promise to deliver seats in the next State Duma, a senior party official said.

Poland's new premier, Donald Tusk, said Tuesday that his nation would drop its opposition to Russia opening membership talks with a leading international economic group, a step aimed at improving strained ties between the two nations.

Severstal's Alexei Mordashov scooped up Unified Energy System's 25 percent plus one stake in Power Machines on Tuesday, giving the steel magnate control over the turbine maker, UES said in a statement.

Mobile Telesystems, or MTS, the country's largest mobile phone operator, will soon ship its first BlackBerry smartphones into the country and aims to start selling them early next year, a major breakthrough after a two-year scramble for official approval.

The companies seek joint ventures in Germany and Siberia for processing gas.

The Economic Development and Trade Ministry raised its annual 2007 consumer price index growth forecast by half of a percentage point from 11 percent to 11.5 percent on Tuesday, less than one week before State Duma elections.

Prokhorov Opposes SpinoffRosneft's Output Up 24.5%India, Russia Mull Oil DealGazprom Neft Gets LicensesGazprom, BASF to PartnerVTB Buys Power StakeShell Abandons Regal DealVolkswagen's $1.1Bln LoanNovatek Mulls Going EastMicrosoft to Build in SiberiaRZD Mulls Deutsche BahnSurplus Slips to $104.2Bln$53M of Russian Art SoldDixy Net Almost Triples

The prime ministers of Russia and Finland on Tuesday hailed growing trade and discussed efforts to ease one of its annoying byproducts -- traffic jams at their border.