15:41 LUKoil, Rosneft Retain Licenses
The Federal Subsoil Agency dropped complaints against Rosneft and LUKoil, the country’s two largest oil producers, for violating licenses, Interfax said Friday, citing an unidentified person close to the agency.

15:37 Aricom Acquires Local Expertise in Mining
Aricom Plc., an Anglo-Russian developer of mineral resources, has acquired a majority stake in the St. Petersburg-based mining design institute OJSC Giproruda.

14:56 GM to Up Capacity of New St. Petersburg Plant to Meet Growing Russian Demand
General Motors will sharply expand production capacity at its new plant in St. Petersburg to help handle growing demand for cars in Russia, GM Europe President Carl-Peter Forster said on Wednesday, March 14.