Russia: work of the Russian-Turkish commission on trade and economic cooperation resumed

Russia resumes activity of the joint intergovernmental Russian-Turkish commission on trade and economic cooperation. The Prime Minister of the Russian Federation Dmitry Medvedev signed the corresponding decree of the Government #706 dated July 22, the Ministry of Economic Development reported. The document provides for resumption of the negotiation process between Russia and Turkey on the…

Russia: Rosneft redeems $1 billion Eurobonds

Rosneft Finance S.A. (a subsidiary of Russian state-owned oil company Rosneft) has redeemed second series Eurobonds worth $1 billion, the company said in a statement. The Eurobonds were issued by the former TNK-BP group in 2006, with a maturity term of 10 years and the coupon rate of 7.5% per annum. “Maximization of profit at…