Starting December 26, 2010, Utel, a telecommunications provider is going to limit its services to subscribers who haven’t paid their phone bills in full last month, the company’s official statement goes. Organizations and legal entities with unpaid bills will be hooked off as soon as December 27, 2010. Landline phone users with debts will be disconnected a day earlier, on December 26, 2010.

Khanty-Mansiysky Non-State Retirement Fund and Gazprombank Asset Management signed a trust management agreement, the fund reports. Private individuals’ retirement savings (worth over 2 billion RUR altogether) have already been transferred to the management company’s account. This was the fund’s Board that chose the trust manager for the savings. Khanty-Mansiysky Non-State Retirement Fund was set up in 1995 by the regional Public Property Department on behalf of Government of Khanty-Mansiysky Autonomous Region –Yugra. The retirement fund in question found itself in the middle of a serious

OAO Uralmechanobr decided to set up a company’s representation in Astana, Kazakhstan. The company’s General Director has already been requested to coordinate the registration process within the respective governmental bodies of Kazakhstan.

Russia’s Federal Financial Markets Service decided to nullify the license of Moscow’s OOO Home Credit & Finance Bank which allowed the bank to act as an intermediary in stock trading of exchange commodities-based derivative contracts. The decision to nullify the license was taken on the basis of the company’s application and the papers that proved the bank had no unfulfilled professional obligations.