Medvedev wants to expand field for investing National Welfare Fund

CB to widen currency basket band depending on circumstances

U.S. treasury secretary to visit Moscow to mull mutual investment

Central Bank to offer 10 bln rubles in OBR June 26

Moscow city places 3.02 bln rubles in bonds; yield 7.51%

Moscow region places 10 bln rubles in bonds at 8.68%

OFFICIAL COMMENTS

Russia will increase its contributions to World Bank – Putin

Russia in no hurry to invest Welfare Fund money – Kudrin

Kudrin admits difficulty of keeping inflation under 10.5%

Russia does not fear drop in oil prices - Kudrin

Ruble may become regional reserve currency in 5 years - Kudrin

Central Bank predicts demand for ruble liquidity will peak in October

FATF approves report on combating money laundering in Russia

STATISTICS

Russian intl reserves up $2.4 bln to $551.5 bln in week to June 13

Russia sees 0.2% inflation for June 10-16, 0.6% in month so far

Russian GDP grows 8.5% in Q1 2008

Russian monetary base up 91.9 bln rubles to 4359.6 bln rubles

Russian tax receipts rise 36.7% to 4.14 trln rubles in Jan-May

Banks have 696.8 bln RUR on CBR correspondent accounts on June 20

Federal customs revenue tops 1.8 trillion rubles by June 20

Several hundred pyramid schemed closed in Russia since early 1990s

RUSSIAN BANKS

LOANS

RZD appoints organizers for bond issues totaling 80 bln rubles

FINANCIAL INSTRUMENTS

Sberbank could borrow $5 bln abroad in 2008 - Gref

Sberbank places $500 mln in LPNs, coupon at 6.468%

VTB Bank placing 1 bln euros in LPN at 295 basis points against swaps – source

Gazprombank placing $500 mln in LPN at 350 b.p. to swaps

RAB places 5 bln rubles in seventh-series bonds in entirety

Alfa-Bank places $400 mln in Eurobonds yielding 9.25%

Promsvyazbank to offer 5-bln rubles in bonds June 23

Nomos-Bank to commence placement of 5 bln rubles in bonds on June 20

Ak Bars Bank could postpone IPO until 2009

Transcreditbank places Eurobonds at 9% - source

First coupon rate on Renaissance Capital Bank’s 4 bln ruble bond issue set at 13.75%

Moscow Credit Bank to place 4 bln rubles in two bond issues

Eurasian Development Bank starts syndicating $125-mln loan at Libor + 1%

FINANCIAL RESULTS

Sberbank boosts loan portfolio 13% in Jan-May - Gref

Gazprombank IFRS net profit down 8% to $1.224 bln in 2007

Ak Bars Bank assets rise 59% in 2007

SHAREHOLDER & BOARD MEETINGS

Russia’s Ak Bars Bank cuts 2007 dividends by 8.4%

RATING ACTIONS

Fitch rates Bank Saint Petersburg’s LPN ‘B+’, subordinated notes ‘B-’

Fitch Rates NOMOS-Bank bond ‘A-(rus)’

Fitch assigns AK BARS notes final ’BB’ rating

Moody’s assigns B1 to Rosevrobank LPN

NONBANK FINANCIAL INSTITUTIONS

AXA buys 36.7% of RESO-Garantia

Germany’s Ergo to invest 20 mln euros in Russian business in 2008

TRENDS

DOLLAR LOSES OVER 11 KOPECKS

OFZ QUOTATIONS POST VARYING QUOTATIONS FOR WEEK OF JUNE 16- 20

RUSSIAN EUROBONDS SEE MODERATE GAINS

RTS SETTLES AT AROUND 2400

RESULTS OF RUSSIAN STOCKS TRADING IN RUSSIAN TRADING SYSTEM

STOCK INDEXES

CIS AND THE BALTIC

UKRAINE

Tymoshenko accuses former government of illegally spending billions while in power

Ukrainian opposition more pessimistic than government about inflation

UkrSibbank to commence road show for $500 mln Eurobonds issue next week

BELARUS

Belarussian economy grows 10.4% in Jan-May

Belarus forecasts 10% GDP growth in 2008

National Bank of Belarus forecasts 32%-39% increase in money supply for 2009

Belarus’s Belagroprombank boosts IFRS net profit 25% in 2007

KAZAKHSTAN

Kazakhstan’s fixed capital investment up 16% in 5 mths

Kazakhstan’s BTA Bank hopes to receive Chinese license by end of September

Alnair Capital Holding consolidates blocking packet in Kazkommertsbank

Moody’s rates Kazakhstan’s Centras Insurance B3 for Insurance Financial Strength

KYRGYZSTAN

Kyrgyzstan expands economy 6.7% in Jan-May

Foreign investment in Kyrgyzstan grows 35% in Q1

Kyrgyzstan’s AsiaUniversalBank, Kyrgyzpromstroibank to merge

TAJIKISTAN

Tajikistan posts 6.8% inflation in 5 mths

GDP growth slows in Tajikistan in 5 mths after winter energy crisis

Tajikistan gets aid worth over $ 50.1 Mln from 38 countries in 5 mths

Nb: This news report features only the headline of each news