OREANDA-NEWS. On 20 August 2009 Veles Capital released daily review:

The governmental committee of RF recommended introducing progressive export duty for nickel. Governmental committee on the protective measures on foreign trade and customs-tariffs policy negotiated the offers on introducing a progressive export duty for nickel. According to the message of the government’s press-cutting service, introduction of export duties is being considered in case London Metal Exchange sets the nickel price, higher than 12 thousand USD per ton.

Sibirtelecom attracts a credit line from Svyaz-Bank. The main features of the credit line are the following: 1 bn RUR, credit line valid through 5 years, interest rate – 15.9% annually, the credit is unsecured.