Auto giant Daimler AG purchased on Friday a 10% stake in KamAZ, Russia's largest truck-maker, from the Troika Dialog brokerage.

Russia and China are set to boost cooperation in the sphere of combat aircraft production, the director general of Russia's Sukhoi aircraft manufacturer said on Wednesday.

Russia's prime minister told the president of Argentina during a meeting in Moscow on Tuesday that the two countries had the chance to develop both traditional and newer forms of cooperation.

The head of Russia's benchmark stock exchange, RTS, has told they could go 24 hours next year. The news comes after evening trading sessions have become a hit with private investors.

Total crude output in 2008 by the Russian-Vietnamese joint oil venture Vietsovpetro will reach 7.7 million metric tons (56 million barrels), a drop of 11.5%, year-on-year.

Russia and India plan to increase trade to $10 billion by 2010 from this year's expected level of $7 billion, and diversify economic cooperation, a Russian deputy prime minister said.