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

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Kazakh metals major Eurasian Natural Resources opened a $900 million aluminum smelter on Wednesday, the country's first, which it expects will hit full capacity of 250,000 tons per year by 2011.

The state will spend 30 billion rubles ($1.2 billion) on building a headquarters in Moscow for its new nuclear corporation, said Denis Kozyrev, coordinator of the project, Vedomosti reported Wednesday.

President Vladimir Putin on Wednesday appointed Atomenergoprom chief Sergei Kiriyenko as the head of the country's new state-run nuclear corporation, Rosatom.

As Russia re-establishes itself in the global nuclear arena, it has formed a company to consolidate all civilian nuclear assets.

Unified Energy System will spend 101.9 billion rubles ($4.2 billion) to buy back its stock from shareholders who voted against a proposed breakup of the national utility.

The Agriculture Ministry's animal and plant health watchdog is investigating whether the death of 35,000 poultry in the Rostov region was caused by the deadly H5N1 strain of bird flu, a spokesman said Wednesday.

LUKoil, the country's No. 2 oil firm, reported a 2 percent rise in third-quarter net income Wednesday, just beating analysts' expectations but failing to keep pace with sales growth.

Gazprom-Media has agreed to sell its stake in newspaper Izvestia to Bank Rossiya, according to a source within Gazprom.