Russia's Finance Ministry has imposed restrictions on the use of the country's Reserve Fund, permitting only investments in debt instruments of foreign states and international financial institutions, the ministry said.

Russia has invited Iran to sell crude oil on the St. Petersburg Commodity Exchange, the Russian energy minister said.

Russian steel giant Mechel has agreed to supply annually between 100,000 to 300,000 metric tons of coking coal to South Korea's Hyundai Steel from 2010, a Russian delegation source said.

The Evraz Group, Russia's largest steel and mining company, announced the completion of a deal to sell the remaining 49% in NS Group to TMK for $508 million.

Cold War allies Russia and Cuba signed a host of agreements in a bid to revive ties and improve economic cooperation.

KamAZ is suspending its main assembly line on Thursday as demand for its products has dried up amid the ongoing global financial crisis, the press office of Russia's largest truck maker said.