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Oil Report

PRESS DIGEST - Russia - June 16

MOSCOW, June 16 (Reuters) - The following are some of the leading stories in Russia’s newspapers on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy.

KOMMERSANT

www.kommersant.ru

- The government is considering providing credit to farmers to encourage them to buy surpluses of grain from state reserves.

- Russian tycoon Oleg Deripaska could lose a 2.99 billion rouble ($96.02 million) contract to build a sea terminal in the Russian port of Sochi port after the anti-monopoly watchdog declared the result of the tender illegal.

VEDOMOSTI

www.vedomosti.ru

- Russia’s Supreme Court has ruled that media web sites should not be held responsible for comments left by readers.

- The government plans to spend 19 billion roubles ($610.1 million) to encourage local scientists to take up work in private firms.

ROSSIISKAYA GAZETA

www.rg.ru

- Russia is planning the serial production of its new Severodvinsk class of nuclear-powered submarine after the prototype was launched on Tuesday, the daily reports.

NEZAVISISMAYAY GAZETA

www.ng.ru

- Russian President Dmitry Medvedev has proposed reducing the retirement age of state officials from 65 to 60 in a bid to inject new blood into the bureaucracy.

- The U.S. dollar has become the preferred currency for Russians to keep their savings, polls say.

VREMYA NOVOSTEI

www.vremya.ru

- Gazprom GAZP.MM has warned it may reduce gas supplies to Belarus to force its neighbour to pay off a $192 million debt.

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