OAO Novatek, Russia’s second-biggest natural-gas producer, rose the most in five weeks in Moscow trading after earnings beat estimates and the government said it may ease export restrictions by the end of the year.
Ziyavudin Magomedov became a billionaire with the help of state contracts during the ascent of former Russian President Dmitry Medvedev, whose deputy was the businessman’s college friend. Now Medvedev is down, Vladimir Putin is up, and Magomedov’s fortunes are waning.
Russian President Dmitry Medvedev plans to submit orders this week to remove government officials as chairmen of state companies in industries they regulate, said Arkady Dvorkovich , his chief economic aide.
Russia’s government, holder of the world’s third-largest reserves, discussed buying Spanish sovereign debt at a meeting with Finance Minister Elena Salgado, said Arkady Dvorkovich, the Kremlin’s top economic adviser.