The third issue

** President of the Russian Federation and his administration **

President V. Putin introduced a bill "On the formation of a new constituent entity of the Russian Federation as a result of the unification of the Kamchatka region and the Koryak Autonomous Okrug."

** Federal Assembly **

A bill has been submitted to the State Duma in accordance with which it is proposed to terminate state funding not submitted to the parties in parliament and allow young people to join political parties from 16 years old. The relevant amendments to the current law "On Political Parties" are proposed by members of the LDPR faction I. Lebedev , E. Solomatin and A. Ostrovsky .

** Economic news **

The bill, which allows to invest in a stab fund in large foreign companies, can be adopted next year, the head of the Ministry of Economic Development of Group said. At the same time, he did not talk about what share of the stab fund can be invested in the action.

Director of the Department of Financial Policy of the Ministry of Finance A. Savatyugin said that

... By the end of this week, the government will submit to the State Duma a bill on raising twice - up to 190 thousand rubles. insurance compensation for the deposits of citizens. The government plans to also in the near future amend the law on foreign exchange regulation and control, which will cancel all restrictions on the foreign exchange market.

... The volume of internal debt of the Russian Federation can be reduced only after liberalizing the investment of pension savings. Vnesheconombank and deposit insurance agency must be allowed to be invested not only in state, but also in corporate paper, but this decision should be made jointly by the Ministry of Finance, the Ministry of Economic Development and the FSFR.

Russian companies and banks that have previously stated the intention to conduct the initial placement of shares in the open market, until they refuse their plans, despite the fall of stock markets, said the head of the FSFR O.Vuugin . In general, in general, the situation in the stock market, O. Vyugin noted that according to fundamental indicators, Russian companies are not overvalued: "The companies are evaluated quite objectively, and now it can even be cheaper than analogues, or from the point of view of such an indicator as the ratio of profit to capitalization."

* * * Director of the Department of Financial Policy of the Ministry of Finance A. Savatyugin considers it possible to postpone the IPO of Russian companies if such a proposal is planned to attract investment in the share of the shares.

** Banking news **

First Deputy Chairman of the Central Bank A. Kozlov at the annual general meeting of the Russia Association said that

... The problem of protecting the rights of creditors should go out in the first place in legislative activities. If you do not solve this problem, then with the increase in the volume of lending and the simultaneous lack of improvement in the quality of loan portfolios of banks, there may be a danger to the Russian banking system.

... The Bank of Russia notes the gradual departure of illegal banking operations, including money laundering, to regional banks or regional branches of Moscow banks.

** Companies news **

RAO "UES of Russia" does not plan to change the configuration of OGK and TGK in the coming years, said the board of the RAO UES V. Avetisyan . According to him, the configuration of the general company is fixed with a separate decree of the government and can only change with the permission of the state. "Not a single project for the sale of some stations [included in generating companies] in the RAO EEC," he said. According to V. Avetisyan, before changing the configuration of the general companies, it is necessary to carry out the liberalization of the wholesale energy market in the Russian Federation. He did not exclude that in the future, after a partial or complete change in the owner of the OGC and TGK, decisions can be made to buy or sell a station that is part of a particular company, but this decision will be made by the new owner. “It is not a fact that in 2020 we will observe the same configuration of companies as now,” V. Avetisyan added.

RAO "UES of Russia" plans to increase the volume of new capacities in 2006-2010 6 times. This was announced at a press conference by a member of the board of energy holding Vladimir Avetisyan.

According to him, in 2006, RAO plans to send $ 5 billion for reconstruction and new inputs, and in the next 3 years - up to $ 15 billion. These are real needs to ensure reliable operation of power equipment, V. Avetisyan said.

He also noted that by January 1, 2007, RAO UES of Russia, together with the Russian Academy of Sciences, will complete the preparation of the document “A promising vision of the development of electric power industry until 2030”, which will include a list of power plants with the necessary capacity.

RAO "UES of Russia" asks to increase electricity tariffs in 2007 by 12%, in 2008 - by 9%, in 2009 - by 7.5%, said the head of the financial policy of the Energy Holding P. Pustoshilov . According to him, it is precisely such a level of tariff growth that is necessary for the holding companies to start implementing priority projects for the construction of energy can.

The Board of Directors of OJSC "Emalliance" again elected E. Tugolukov as chairman of the board of directors of the holding. O. Golikov , who previously held the General Director of the TKZ OJSC Red Kotelchik, was appointed General Director of the Emalliance. In addition, the President’s position, which will be entrusted with representative functions. The President was appointed by V. Vovchar , who previously held the position of the General Director of the Emallians, was appointed.

February 27 sold all shares of KAMAZ OJSC for $ 132 million on February 27, the bank reports without an indication of the buyer of this package. According to data published on the OJSC website, VTB belonged to 6.23% in the authorized capital of the company.

Read about the further development of events in the next issue of the monitor at 19 o’clock.