YUKOS stocks lost 7 percent on the Moscow Interbank Currency Exchange at 11:30 a.m. Moscow time amid information about a possible default on a $1.6bn export credit.
The Russian stock market opened with a confident advance in all traded securities. YUKOS added more than 3 percent in the first minutes on MICEX. RAO UES, Norilsk Nickel and LUKoil became 2 percent more expensive. However, after YUKOS's press service reported about the notification received, the company's shares started decreasing.
Forest fires in Siberia have been raging for three months already. They have become a disaster not only of Russian, but of global scale. The fires have already scorched 12 million hectares of land