The first issue of state savings bonds may take place in July 2004, MICEX deputy general director Valery Petrov declared at a conference devoted to Russia's pension system. As reported earlier, long-term pension assets will be invested in state savings bonds. According to Petrov, the maturity of the bonds will amount to 10 to 15 years. "We will receive a liquid instrument to work with pension funds," Petrov said.
The government considered draft regulations on the terms of the issue of state savings bonds in March, 2004.
An explosion of household gas occurred in a nine-storeyed apartment building in the city of Shakhty, the Rostov region of Russia. The blast destroyed two storeys of the building