PRESS DIGEST - Russia - June 11

MOSCOW, June 11 (Reuters) The following are some of the leading stories in Russia's newspapers on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy.

VEDOMOSTI

www.vedomosti.ru

- High gas prices will help Russia's Gazprom (GAZP.MM) to become the world's most expensive company with a $1 trillion capitalization within the next 10 years, the news daily reports citing Gazprom's CEO Alexei Miller.

KOMMERSANT

www.kommersant.ru

- Billionaire Suleiman Kerimov has sold his stake in Russia's largest bank Sberbank SBER03.MM and the state gas monopoly Gazprom (GAZP.MM). The businessman is likely to ditch all his assets in Russia and to invest the proceeds into foreign financial institutions.

- Despite strong demand for the Apple's new iPhone 3G model on Russia's market, the company has not included Russia on a list of countries with official distributors, which is to be launched worldwide from June 11. If sales were started in Russia, Apple APPL.0 could sell up to 40,000 iPhones per month, experts believe.

ROSSIISKAYA GAZETA

www.rg.ru

- An interview with the World Bank's Managing Director Ngozi Okonjo-Iweala where she speaks about setting up a global commodity fund and about Russia's role in the project.

RBK Daily

www.rbcdaily.ru

- According to research conducted by the International Monetary Fund, Russian government should not make any changes with regards to VAT system and concentrate on reforming consolidated social tax and income tax.

VREMYA NOVOSTEI

www.vremya.ru

- The daily runs an interview with Alexei Alyoshin, Deputy Director General of the a Russian arms producer and exporter Rosoboronexport, about the key advantages of the state corporation.