Kommersant english Commentary is made regarding results of jubilee summit SOC

Commentary is made regarding results of jubilee summit Shanghai Cooperation Organization (SOC) that ended in Astana. Its participants did everything they could to show that the 10-year-old SOC has significant plans for the future, but so far they could not come to an agreement on the creation of a joint bank - the reason is the beginning Moscow-Beijing struggle for financial influence in post-Soviet space. Full story in Kommersant english. After the replacement leadership of Bank of Moscow VTB has begun to replace top-managers in the structures affiliated with it. The first to leave his post is Alexander Sudakov, the Moscow Insurance Group head, in which VTB owns a blocking package.What may his resignation mean to VTB? Russian leading tobacco distributor Group Megapolis of Igor Kesayev is preparing to hold IPO: already this fall the company can sell in the London Exchange up to 30 percent of its shares, including part of its shares from the share of Kesayev. The volume of the placement may exceed $1 billion, and the company's capitalization amounts to over $4 billion. ALROSA has found a partner for the development the iron ore project in Yakutia. The company plans to sell 51 percent of shares of GMK Timir of Evraz Group for 5 billion rubles. Yakutian ore will strengthen the group's raw material independence, but the project's economic side so far makes analysts doubt. Pyatigorsk hosted a visiting session of the Council on Cossacks Affairs attached to the president decided how to make Cossacks' life better. Presidential representative in the North Caucasus Federal District Alexander Khloponin with the aim of creating the economic base of the Cossack communities proposed to give them land that belongs to the Defense Ministry and that is the federal property. See in Kommersant English.
The St. Petersburg parliament has come out with a federal legislative initiative on introducing a new mechanism of personal material responsibility of bureaucrats of all levels for damage trespassed by their activity to people or legal entities. The corresponding budget annual losses exceed 5 billion rubles. Having asked for 500 billion rubles from the federal gvt, the gvt of Chechnya has decided to work out a development strategy up to 2025 The program includes a comprehensive analysis of the social and economic situation in the republic should be ready for already September and will cost the budget approximately 7 million rubles. The gvt of Chechnya believes the republic by the revenues and the quality of life should join the regions-leaders. Kommersant english details the case. It turned out Mikhail Khodorkovsky in a couple of days will be conveyed to Karelia, where he will serve a sentence in the Segezhskaya labour colony. Meanwhile, neither the defense nor his relatives have received any notification about the whereabouts of Khodorkovsky. There is no information either, to what colony Platon Lebedev has been conveyed. Moscow police reported about the detainment of a group of students from technical higher schools, who tried to pass EGE instead of school-pupils. This is already the second high-profile scandal around EGE over the past several days. Kommersant english details the case. The opposition forum "Anti-Seliger-2011" will open in the Khimki forest on Friday. Its organizers applied to President Dmitry Medvedev to defend its participants from police violence. Kommersant english features the forum ,m focusing on its aims and tasks. The most popular method of overcoming barriers has been the bribe - such a conclusion has been made by Opora Rossii in its accounting report cites several concrete examples and regions to illustrate the point. Prime Minister Vladimir Putin in Geneva took part in the International Labour Conference session.
The High Court of London has acknowledged it has the right to consider the suit of Yukos Capital against Rosneft on exacting $160 million percent by loans issued way back in 2004 to Yuganskneftegaz. Kommersant english says The FSFR has given its permission to Sberbank on the circulation abroad of up to 25 percent of its ordinary shares. OAO Russian Railways has estimated the expenses on the transportation infrastructure for the World Football Championship -2018 at 2.6 trillion rubles. Chinese CNPC at its negotiations with Gazprom on the deliveries of Russian gas insists on the price of $235-$250 per thousand cubic meters., a source in Gazprom reported to Reuters. Jaguar Land Rover in 2012 will return to the plans to build a plant in Russia, the company's regional director Dmitry Kolchanov told journalists. Sberbank has revealed information about the volumes of its operations with pensioners. Their deposits amount to about one-third of its depositary portfolio. Svyazinvest has not violated the corporate legislation and the rules of purchasing procedures, but at the same time its reorganization failed to ensure direct control of state over united Rostelecom. Such a conclusion has been made by the Audit Chamber that checked up the reforms state holding. The National Bureau of Credit Histories, part of troika market leaders, intends to acquire a regional player - the Eastern Bureau of Credit Histories. This will be the last absorption on the market. What do Kommersant english experts think of it?
The first foreign investor-- the minority shareholder of RTS-- the fund Spinnaker Capital Group company has decided to earn money on the future deal on uniting the leading Russian exchanges. The fund has bought 1 percent of shares exchange. In 2.5 years it can receive 50 percent in profit from this investment. TNK-BP has decided to refuse from creating a trading company, through which it intended to sell 50 percent of its own oil. The company connects its decision with high risks. The post of Aeroflot president has been vacant for seven years can be abrogated. Aeroflot offers its shareholders at their annual meeting scheduled for June 29 to approve the amendments to the company's charter, abrogating the post of president. The second large vodka company Sinergia has become a co-owner of 49 percent of vodka brand Veda. Sinergia to this share has converted its former and future investments in the brand development. In the next three years SINERGIA may become the only owner of Veda brand that by that time will cost about $20 million. MegaFon has bought 100 percent of voting shares of the St. Petersburg Internet-provider ZAO VEB Plus. In Kommersant english interview AFK Sistema head Mikhail Shamolin talks about the new strategy of his corporation, saying how the main principles of its work are changing. The second Supplement is devoted to Oil and Gas, citing the rating of the long-term investment attractiveness domestic oil and gas companies compiled by the RusEnergy agency.