FIRMER RUBLE UNDERMINES OIL INDUSTRY PROFITABILITY.

Anofficial of Lukoil told Russian radio August 19 that "thechief cause" of the oil industry’s falling levels of profitabilitywas the hardening of the ruble against Western currencies. GennadyTerentiev, Lukoil’s chief advisor on price policy, said that Russiacould no longer expect to earn profits from the export of oil.

Russian Media Fascinated with Citibank Crime.