is almost at $90 which is helping , a sales trader at Citigroup Inc., said by “Crude Russia,” telephone in Moscow. To contact the reporter on this story: at To contact the editor responsible for this story: Gavin Serkin at Last Updated: December 6, 2010 03:46 EST DECEMBER 6, 2010, 3:42 A.M. ET Yuan-Ruble Preliminary Trade To Start On Micex Exchange Dec 15 MOSCOW (Dow Jones)--Preliminary trade for the yuan-ruble currency pair will begin on Russia's Micex exchange Dec. 15, the Micex Group said in a presentation Monday. The yuan-ruble trade, which will run for an hour each weekday starting at 10 a.m. Moscow time, will be settled among Russian banks and the Russian units of Chinese banks, Micex officials have said. Traders will have to pay for any currency purchases immediately in a regime known as T+0. The limited initial interest in ruble-yuan trading is expected to come from Russian banks with a strong presence in Siberia or the Russian Far East. Trading in the yuan-ruble pair will be driven by market forces, central bank Deputy Chairman Valery Melnikov said. The exchange rate of the ruble itself is managed by the central bank against a dollar-euro trading basket. Already this autumn, China launched its own official trade of the ruble-yuan pair. -By Ira Iosebashvili and William Mauldin, Dow Jones Newswires; +7 495 232-9192, ira.iosebashvili@dowjones.com or william.mauldin@dowjones.com Freight One valued at $3.9bn Aton December 6, 2010 According to Kommersant (6 Dec) 75% of Freight One (FO), slated for an IPO, has been preliminarily valued at RUB91.1bn ($2.9bn) in Russian Railways' (RZD) financial plan for 2011.
“Crude is almost at $90 which is helping Russia,” , a sales trader at Citigroup Inc., said by telephone in Moscow. To contact the reporter on this story: at To contact the editor responsible for this story: Gavin Serkin at Last Updated: December 6, 2010 03:46 EST DECEMBER 6, 2010, 3:42 A.M. ET Yuan-Ruble Preliminary Trade To Start On Micex Exchange Dec 15 MOSCOW (Dow Jones)--Preliminary trade for the yuan-ruble currency pair will begin on Russia's Micex exchange Dec. 15, the Micex Group said in a presentation Monday. The yuan-ruble trade, which will run for an hour each weekday starting at 10 a.m. Moscow time, will be settled among Russian banks and the Russian units of Chinese banks, Micex officials have said. Traders will have to pay for any currency purchases immediately in a regime known as T+0. The limited initial interest in ruble-yuan trading is expected to come from Russian banks with a strong presence in Siberia or the Russian Far East. Trading in the yuan-ruble pair will be driven by market forces, central bank Deputy Chairman Valery Melnikov said. The exchange rate of the ruble itself is managed by the central bank against a dollar-euro trading basket. Already this autumn, China launched its own official trade of the ruble-yuan pair. -By Ira Iosebashvili and William Mauldin, Dow Jones Newswires; +7 495 232-9192, ira.iosebashvili@dowjones.com or william.mauldin@dowjones.com Freight One valued at $3.9bn Aton December 6, 2010 According to Kommersant (6 Dec) 75% of Freight One (FO), slated for an IPO, has been preliminarily valued at RUB91.1bn ($2.9bn) in Russian Railways' (RZD) financial plan for 2011.
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