FINANCIAL NEWS

1. US $ RATE AT THE MOSCOW INTERBANK CURRENCY MARKET (Rb/$):
   December 6 - 3275, December 8 - 3306
2. CURRENT MARKET VALUE OF STOCKS IN:
                   The par value (Rb)          The market value (Rb)
LukOil                    125                     115,400
Rostelecom                 12.5                    14,030
RAO Edinye
Energeticheskiye sistemy
(Unified Energy Systems)  500                      50,050

3. DISCUSSIONS ABOUT 1995 BUDGET.
4. RUSSIAN PROVINCES LOOKING FOR FOREIGN INVESTORS.
5. ON NOVEMBER 30 MOSCOW INTERBANK CURRENCY EXCHANGE HOLD AN AUCTION OF THE
   SECOND TRANCHE OF SHORT TERM GOVERNMENT BONDS.
6. ON NOVEMBER 1 1994 CITIZENS OF RUSSIA HAD RB 12399.2 BILLION KEPT WITH THE
   SAVINGS BANK OF RUSSIA.
7. 100 LICENSES FOR COMMERCIAL BANKS MAY BE REVOKED.
8. FOREIGN INVESTMENTS IN RUSSIA ECONOMY IN THE FIRST HALF OF THE YEAR.