Main news of October 28

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* Norwegian authorities released two Russian vessels detained in the Barents Sea for fishing violations after owners posted bail

* Lawyers for Russian Vitaly Kaloyev, who was sentenced to eight years in jail for the murder of a Swiss air traffic controller, filed an appeal

* Prosecutors demanded Alexei Kurtsin, an executive of Yukos-Moskva, the embattled oil major's subsidiary, be sentenced to 13 years in prison for embezzlement and money laundering

* Mikhail Margelov, chairman of the Federation Council's foreign affairs committee, said the findings of an inquiry into alleged mass-scale corruption in the UN Oil-for-Food Program in Iraq were "a farce"

* The board of Russian electricity monopoly Unified Energy System approved a credit agreement with Vneshtorgbank for the purchase of a 22.43% stake in Silovye Mashiny

* Arkady Dvorkovich, the head of the president's expert department, said inflation in Russia might stand at 11-11.5% in 2005

* The Russian Ministry of Natural Resources said it was preparing to hold a tender for potential developers of Barents Sea deposits

* A Moscow court sanctioned the arrest of the president of Renaissance Capital, one of Russia's leading investment banks, on fraud charges

* Ukraine's government said Mittal Steel Germany would acquire a 93.02% share package in the Kryvorizhstal steel mill

* International rating agency Moody's said it had upgraded the global scale long- and short-term foreign currency deposit ratings of nine Russian banks with a stable outlook

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