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The latest news and stories from Russia. Stay tuned for updates and breaking news on defense, politics, economy and more.

Morning re-cap of main news, November 2

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* The price for Russian natural gas for Georgia could rise from the current $110 to $230 per 1,000 cubic meters in 2007, a source in energy giant Gazprom said

* Georgia's foreign minister said on Russian radio that he does not rule out his country could veto Russia's accession to the World Trade Organization

* The Russian and Egyptian presidents discussed in Moscow various issues on the international agenda, and means of boosting bilateral trade and economic cooperation

* Egypt intends to set up free economic zones for Russian companies, President Hosni Mubarak said

* Yukos is facing 586.6 billion rubles (almost $22 billion) in claims from its 54 registered creditors as of November 2, the Russian oil company's bankruptcy receiver said

* Russia's Foreign Ministry expressed concern over the 'undisguised interference' of the United States in the run-up to Nicaragua's presidential election

* Defense Minister Sergei Ivanov said Russia is quickly losing its competitive edge in the development and production of advanced munitions

* Russia's Chief of General Staff Yury Baluyevsky said:

- Iran does not yet have the capability to develop an intercontinental ballistic missile

- CIS member-countries must unite their efforts against terrorism, cross-border crime and drug- trafficking

* Independent gas producer Novatek said its natural gas output increased 13.7%, year-on-year in the first nine months of 2006, to 21.51 billion cubic meters

* Unified Energy System expects to raise $11 billion from an additional issue of shares of 16 power generating companies, the financial director of the Russian electricity monopoly said

* Russia will not obey a Ukrainian court ruling requiring its Defense Ministry to hand over the Russian Black Sea Fleet's lighthouses in Crimea, the ambassador to Ukraine said

* Russia plans to modernize its MiG-31 Foxhound interceptor aircraft, which have been in service for 25 years, the air force commander said

* The Justice Ministry said its inspectors had revealed major rule infringements, including physical assault cases, in a prison in the Perm Territory in Russia's Urals

* The leaders of Georgia's breakaway regions of Abkhazia and South Ossetia said they are ready to meet with the Georgian president if Tbilisi fulfills its obligations

* Iran has successfully launched several dozen long-range ballistic missiles during large-scale military exercises that began Thursday, an Iranian television station reported

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