Aug 20. Fannie Mae and Freddie Mac bonds have generated over USD 1 bn in profits in the past 6 months for Russia, in which it invested international reserves, >>> Aug 20. MinFin proposes lowering the transfer of oil export revenues to the federal budget from 5.5% of GDP to 4.9% of GDP in 2009, >>> Aug 20. Export duties on mineral fertilizers will remain in effect until the end of 2009, >>> Aug 20. Gazprom intends to assign shares in subsidiary utilities to a single business entity Gazoenergeticheskaya Kompaniya (GEK). >>> Aug 20. Rosneft's affiliate Neft Aktiv is prepared to withdraw its claims against grid companies, >>> Aug 20. The Federal Antimonopoly Service which completed review of the Mechel affair last week will impose a fine on the company of 5% of annual turnover of coking coal sales, >>> Aug 20. The Federal Antimonopoly Service will force Mechel Group to cut coking coal prices by 15%, >>> Aug 20. Bank of Moscow has placed an additional stock offering and raised RUB 8.28 bn. In addition, 37% of additional shares were placed in a public offering. >>> Aug 20. In global petroleum market news, oil prices were slightly higher in Asian trading on Wednesday, around USD 115/bbl as investors await today’s midweek crude inventory report. >>> | 
