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MOSCOW, June 21 (RIA Novosti) - Russian...

MOSCOW, June 21 (RIA Novosti) - Russian producers of perfumes and cosmetics that contain alcohol are expecting a rise in prices in view of a new alcohol law coming into effect July 1, the head of a Russian perfumes association said Thursday. The new law introduces automated alcohol meters (EGAIS) and has been declared as a measure to curb dangerous alcohol consumption. "Certainly, there will be a price hike after July 1," which could be as much as 20% by the end of 2007, Tatiana Puchkova said. "In addition, there is an apprehension that leading market players... will leave the market altogether." A senior official from the perfumes association, Sergei Bolshakov, said only about 650 of 3,500 producers on the Russian perfumes market, which has annual sales of $7 billion, had obtained the necessary licenses. Puchkova said small and medium producers could start selling products of dubious quality over lack of funds to obtain the licenses or equipment. However, the producers hope the government will exclude them from the law and thereby prevent a crisis similar to last year"s. The perfumes association said the crisis in July-August 2006 saw annual sales plummet 75% from 85 billion rubles ($3.3 billion) in 2005 to 54 billion rubles last year.


Russia has called on the Israeli and Palestinian...

Russia has called on the Israeli and Palestinian sides in the Middle East conflict to exercise self-restraint and not to let the political situation escalate, the Foreign Ministry said on Wednesday.


MOSCOW, August 5 (RIA Novosti) - Russian...

MOSCOW, August 5 (RIA Novosti) - Russian nationalists and immigrant workers from the ex-Soviet republic of Kyrgyzstan are to meet in Moscow for a game of football aimed at defusing ethnic tensions, the Kyrgyz ambassador said on Wednesday.

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MOSCOW. (RIA Novosti economic commentator...

One plan envisages domestic gas prices growing almost level with export prices by 2010-2011.

The European Union, which thinks that its member states act as donors for Russian consumers, has long demanded that gas prices in Russia be raised to European standards. Russian gas monopoly Gazprom would also benefit from the increase, because it sells more than half of its output on the domestic market - currently at dumping prices.

However, domestic gas prices are lower than export prices in the majority of gas-producing countries.

A year ago, the Russian government approved a program to raise domestic gas prices on a par with export prices by 2010-2011. At present, consumers in Russia pay several times less than in Europe, between $50 and $70 per 1,000 cubic meters against more than $300.

This does not make Gazprom and its European partners happy. Europeans complain that Russian consumers get gas at prices below the prime cost, and that Gazprom makes up for

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