FEDERATION COUNCIL POSTPONES DECISION ON PRODUCTION SHARINGMEASURE.

Once again, the Federation Council has failed topass the production sharing bill that Moscow believes will providethe foundation for massive Western investment, particularly inthe oil industry, Interfax reported July 21. But the parliament’supper house did approve a measure that will give Yeltsin greatercontrol over foreign trade and over the activities of Russianregions in that sphere.

Federation Council Urges US Congress to Reject Cuba Measure.