Gazprom is considering listing its stock on China's Shanghai stock exchange according to the Interfax news agency, quoting a company source.

The Central Bank proposed converting rubles held in a stabilization fund on the open market as part of a plan to streamline banks' refinancing operations.

The second Russia-China Economic Forum has drawn to a close in Moscow with both sides agreeing to build on and extend trade and investment relations. Deals worth $3 billion have been agreed.

Russian company Sitronics has signed a partnership agreement with Finnish-German joint venture Nokia-Siemens for the supply of electronic components produced by Sitronics at its site in Zelenograd near Moscow.

China’s TBEA is willing to take part in reforms of Russia’s energy market. It intends to create a joint venture here to produce electrical equipment. The analysts say the devices will enjoy popularity in Russia, while RAO UES cautions that the product of China hasn’t been standardized for the country yet.

The first day of the second Russia-China economic forum has seen the signing of a range of agreements, primarily in the nuclear power industry. But both countries also see the meeting as an ideal opportunity to diversify the trade between them.