FINANCIAL NEWS

1. US $ RATE AND THE TURNOVER AT THE MOSCOW INTERBANK CURRENCY MARKET.
2. CURRENT MARKET VALUE (IN RBL) OF STOCKS (LukOil, Rostelecom, RAO Edinye
   Energeticheskiye sistemy (Unified Energy Systems)).
3. THE TOTAL VALUE OF CASH US $ NOW CIRCULATING IN RUSSIA IS TWICE AS LARGE
   AS THE VALUE OF RUSSIAN ROUBLES.
4. ST.PETERSBURG LAUNCHED EXPERIMENTAL PRODUCTION OF COINS OF 1, 3 AND 5
   KOPECK DENOMINATION.
5. NEW INSTRUCTIONS OF THE CENTRAL BANK OF RUSSIA SEEKS TO MAKE THE LIFE OF
   COMMERCIAL BANKS MORE DIFFICULT.
6. RESULTS OF AUCTION OF SHORT GOVERNMENT BONDS.
7. DEMAND FOR HARD CURRENCIES IS GETTING ENORMOUS.
8. FOREIGN INVESTMENTS IN RUSSIA'S ECONOMY IN 1994 TOTALLED US $ 1.2 BN.
9. CONFECTIONERY FACTORY INSURED FOR US $ 117 MILLION.