Morning re-cap of main news, March 12

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* Iran no longer considers Russia's proposal to enrich uranium on Russian territory and instead is considering large-scale uranium enrichment at home, Iranian Foreign Ministry official spokesman Hamid Reza Asefi said

* Moscow will study the latest statement by the Iranian Foreign Ministry on Russia's uranium enrichment proposal to adjust its position on this issue, Russian Foreign Ministry spokesman Mikhail Kamynin said

* The Russian economy will grow by about 6% per year in the next three years, Deputy Prime Minister of Russia Alexander Zhukov told the fifth session of the Russian Economic and Financial Forum in Switzerland

* The government of Russia hopes to keep inflation within 9% in 2006, Deputy Prime Minister Alexander Zhukov said, adding that inflation was expected to go down to 6%-7.5% in 2007 and to 5% in 2008

* The ruble rate will stay at the level of 27.5-28 rubles to the dollar in the next two years, Deputy Prime Minister of Russia Alexander Zhukov said, adding that the ruble was expected to gain about 6.5% in 2006, 2.8% in 2007 and about 1.1% in 2008

* Russia's Urals crude will cost an average of $49 per barrel in 2007 and $46 per barrel in 2008, Deputy Prime Minister of Russia Alexander Zhukov told the fifth session of the Russian Economic and Financial Forum in Switzerland

* Russia's Stabilization Fund, established to accumulate surplus revenue from high world oil prices, will exceed $71 billion in early 2007 and $107 billion in early 2008, Deputy Prime Minister of Russia Alexander Zhukov said

* A large arms cache was found in Ingushetia, a Russian republic in the North Caucasus

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