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PRESS DIGEST - Russia - Feb 27

Wed Feb 27, 2008 2:03am EST

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MOSCOW, Feb 27 (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

- Power to allow foreign investors to buy Russian companies will no longer belong to the Federal Security Service but be transfered to the Prime Minister in the nearest future. The amendment is to be approved by President Vladimir Putin, writes the paper.

KOMMERSANT

www.kommersant.ru

- Russia's natural gas monopoly Gazprom (GAZP.MM) will reduce shipments of gas to Ukraine next week unless Kiev signs documents on paying its debt and authorizing gas delivery.

- French carmaker Renault (RENA.PA) will sign an agreement to buy 25 percent of Russia's biggest automaker AvtoVAZ (AVAZ.MM).

IZVESTIA

www.izvestia.ru

- The Federal Antimonopoly Service is due to abandon its requirement that loan applicants purchase life insurance when taking out bank loans, the paper says.

ROSSIISKAYA GAZETA

www.rg.ru

- Russian multi-millionaire and Kremlin critic Boris Berezovsky plans to fly to Georgia for the funeral of his business partner Badri Patarkatsishvili, despite a Russian warrant for his arrest.

RBK Daily

www.rbcdaily.ru

- Russian energy majors Gazprom (GAZP.MM) and SUEK have agreed on the main terms for merging their power and coal assets into a holding company.

VREMYA NOVOSTEI

www.vremya.ru

- The daily has published an interview with the Minister of Economic Development and Trade Elvira Nabiullina on current and future changes in the ministry.

NOVIYE IZVESTIA

www.newisv.ru

- Citizens of Russia's Ulyanovsky region will be paid out a reward for providing information about production or selling unlicensed or homemade alcohol, the paper reports citing the regional governor as saying.



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