USD 80.5268

-0.16

EUR 93.3684

-1.09

Brent 66.42

-0.27

Natural gas 2.801

-0.01

143

Generous Russian President Shares With Poor

Russian President Vladimir Putin said on Monday that he considered establishment of a new law

Generous Russian President Shares With Poor

Russian President Vladimir Putin said on Monday that he considered establishment of a new law on subsoil use to help local communities, signaling Russia?s intention to share its vast mineral wealth more fairly among the poor population, news agency Interfax reported.

According to the agency, Putin said the law should include ?all the tools needed for protecting the local population, both in the sense of its economic potential and in the sense of environmental protection?.

As we remember, in February Russia?s Natural Resources Ministry shocked investors by the news that the law would bar foreign countries to bid for strategic oil and metals deposits, spurring foreigners to review their strategies.

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