MOSCOW WANTS RUSSIA CLASSIFIED AS "TRANSITIONAL"ECONOMY.

Foreign economic relations minister Oleg Davydovsaid Russia would benefit if the United States would reclassifyRussia as a "transitional" economy, Interfax reportedJune 29. In that event, Moscow would be able to bypass existingprocedures for determining the price of its exports. Davydov alsosaid that the US should repeal the Jackson-Vannik amendment thatlimits Washington’s ability to give Russia permanent most-favored-nationstatus.

Attracting and Repelling Foreign Investment.