* Economic Development and Trade Minister German Gref said Russia and India had agreed on a mechanism for India to pay back $1 billion in debt to Russia
* The Russian Defense Ministry said three Russian officers had been detained by Georgian military police, and about 250 Georgian soldiers had been deployed at the Georgian-Ossetian conflict zone in violation of prior agreements
* German Gref said a consolidated investment bank would be opened in Russia by the end of the year
* Prosecutors said a total of 13 people had been killed and 22 injured in an explosion at a Russian military base in Chechnya
* Sergei Kiriyenko, head of the Federal Agency for Nuclear Power, said Russia needed a civilian nuclear power holding along the lines of energy giant Gazprom
* Russia's state-owned foreign trade bank, Vneshekonombank signed a credit agreement with Spanish bank BBVA within the framework of President Putin's official visit to Spain
* Yevgeny Novitsky, the chairman of AFK Sistema board of directors, said the leading Russian holding company intended to hold initial public offerings of the shares of its five subsidiaries in the next five years
* Russian car manufacturer Severstal Avto signed a $17.9-million agreement with Italian company Fiat Auto to produce Doblo vans in Russia
* A police spokesman said that about 1,500 law enforcement officers will provide security at a meeting between the finance ministers of the Group of Eight club of rich nations to be held in Moscow
