28 Feb 2011 18:03

Russian political and economic calendar: March 1 - March 7

Date Event Time Venue Additional information
01.03.2011 Central Bank boosts the required reserve ratios for banks starting March 1, 2011 for bank obligations to non-resident legal entities in Russian currency and forex - from 3.5% to 4.5%; for bank obligations to individuals and miscellaneous obligations in Russian currency and forex - from 3% to 3.5%.
01.03.2011 The law "About police" will come into force.
01.03.2011 The export duty on oil in Russia will come to $365 per tonne effective March 1, 2011. The export duty on oil in February comes to $346.6 per tonne. The preferred rate for the oil export duty will come to $150.4 per tonne. The duty on light petroleum productions will reach $244.6 per tonne. The export duty for light petroleum products for February comes to $232.2 per tonne, for heavy petroleum products - $161.8 per tonne.
01.03.2011 Conference "Prospects of business development in Russia in 2011-2014", organized by Adam Smith's Institute, will take place. Hotel Marriott Grand (Tverskaya Street, 26/1) Telephone for accreditation: +44 20 3377 3706
01.03.2011 The Finance Ministry will accept bids from banks for 20 billion rubles in temporary idle budget funds for deposits until August 24, 2011. The minimum interest rate is 4.75 % annually.
01.03.2011 TNK-BP International Ltd will publish US GAAP 2010 financial results.
01.03.2011 The auction for RUSIA Petroleum property sale will be held. The starting price is 15.1 billion rubles.
01.03.2011 Polymetall will put into operation mountain-concentrating industrial complex on the Albazinsky deposit (Khabarovsk territory).
02.03.2011 Russia and Turkey to discuss energy cooperation. Kazan
02.03.2011 XVI annual summit "Trade in Russia" will take place. Congress-centre Lotte Hotel Moscow (8, Novinskiy boulevard) Telephone: +7 (495) 921-08-56; www.retail-russia.com.
02.03.2011 Russia's Finance Ministry will hold an auction for the sale of Federal Loan Bond with constant coupon yield (OFZ-PD) 26203 worth 20 billion rubles.
02.03.2011 Consensus-forecast of main Severstal IFRS financial results for 2010 will be published. Company will announce financial results on March 3.
02.03.2011 Magnit will close the bid book