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

""Irrational"" domestic spending from the $150 billion stabilization fund could fuel further inflation and make the economy once more dependent on the whims of global oil markets, Pyotr Kazakevich, the official in charge of the fund, warned on Tuesday. Few could have foreseen that the stabilization fund -- first proposed by President Vladimir Putin's maverick economic adviser Andrei Illarionov -- would accumulate so much in the four years since its creation. By year's end, the government expects to be sitting on a cash hoard of $158 billion.

It has padded the feet of Russian soldiers as they marched on Paris, Berlin and Grozny. But within a year, the humble footcloth is to be consigned to the laundry bin of history. Its replacement?

Gazprom Sales to Rise 27%Gazprom to Revise BudgetRTS Seen at 3,000 Next YearIndustrial Growth SlowsTransneft to Swap SharesKazakhs Seen Getting StakeAvtoVAZ Refuseniks OfferBelarus Eyes Banking SalesEvraz to Buy Steel SharesSistema to Start Indian FirmRZD Into North Korea14 New Auchan StoresChemezov Taps VTB ExecX5 Retail to Borrow $1.1BlnVTB North-West Stake Up

LUKoil will probably have to borrow or sell shares to fund expansion and pay dividends as free cash flows shrink, Troika Dialog said.

A Kremlin aide said Tuesday that consultations would be held with Poland early next year over Washington's plans to build a missile defense shield in Eastern Europe.

Ukraine's parliament on Tuesday restored Yulia Tymoshenko as prime minister, sealing a political comeback for a leading figure from the Orange Revolution three years ago.

Tennis Star Robbed2nd Suspect in Bus BombSPS Votes to Keep BelykhKyrgyz Vote Recount

The country's forestry chief on Tuesday said Finland and other countries should build sawmills in Russia before export tariffs for unprocessed timber skyrocket in 2009.

Russian Railways, or RZD, the country's state-owned rail monopoly, expects to raise more than 150 billion rubles ($6 billion) from share sales in the next three years to help finance expansion.