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The founder and co-owner of the Magnit network of shops Sergei Galitsky urged pension funds to invest in the construction of roads in Russia.

The Economic Development Minister Aleksei Ulyukayev estimated the losses of the Russian economy from the moratorium on the formation of pension savings by working Russians at 4 trillion roubles.

S7 (Siberia) Airlines Company applied to the inter-ministerial commission under the Ministry of Transportation with an application for obtaining 24 international destinations where the designated carrier currently is Transaero.

Turkey may reconsider the issue of purchases of Russian gas because of the deterioration of relations with Moscow after the air incident last week.

The Deputy Chairman of the Management Board of Gazprom Aleksandr Medvedev allowed the postponement of the implementation terms of the Turkish Stream project to the end of 2017.

Gazprom has decided to half the capacity of the Turkish Stream pipeline down to 32 billion cubic meters of gas per year.

The ranking of the 200 largest private companies in the country is headed by the Lukoil oil company which revenue under US GAAP amounted to 4.75 trillion roubles in 2014.

The Ministry of Transport of Russia supports the indexation of the freight rates of Russian Railways by 10 percent in 2016 with subsidies in the amount of 35-40 billion roubles.

30 largest banks in Russia have incurred losses in the amount of 10.8 billion roubles from January to July. During the same period of last year the credit institutions showed a profit of 422.6 billion roubles.

The settlements in the national currency may appear as Gazprom sells gas on short-term contracts.

The Russian economy has decreased by 3.6 percent from January to July, as compared to the same period of last year. At the same time, in July GDP fell by 4.6 percent (compared to July 2014).

KamAZ (a part of the Rostech state corporation) and the Chinese Hawtai Motor Group Co., Beijing, have signed a framework agreement on the establishment of a joint venture (JV) for the production and sales of KamAZ trucks in China and Hawtai motor cars in Russia.

The Ministry of Finance forecasts the growth of the Russian economy in the fourth quarter of 2015 or in 2016.

The average price of sales of the Russian gas to Europe amounted to 251 dollars per thousand cubic meters in the second quarter.

The dynamics of the national currency greatly depended on commodity prices.

A forecast of the dynamics of Russias GDP for 2016 ranges from zero to one and a half percent.

Russian banks reduced the volumes of the mortgages issued by about 40 percent down to the amount of 557.5 billion roubles in January-July 2015.

The Ministry of Industry and Trade of the Russian Federation has proposed to lift the ban on distance sale of alcohol.

The investment company IFD Kapital rejected the offer to purchase the shares of Russian Media Group (RMG) made by a group of Russian producers and musicians.

Vedomosti stops the issue of regional publications from September 1.

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