PRESS DIGEST - RUSSIA - Dec 20

The following are some stories in Russia's newspapers on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy.

VEDOMOSTI

www.vedomosti.ru

- Russian Culture Minister Vladimir Medinsky has suggested that cinemas transfer 3 percent of their ticket sale revenues to the Cinema Foundation to support domestic film industry, the newspaper writes.

- Experts say the efficiency of the executive branch of power in Russian regions grows after a recent wave of heavy management reshuffles, the newspaper said.

KOMMERSANT

www.kommersant.ru

- Mobile internet in Moscow costs several times cheaper than in the largest cities of the world. Two or three years ago, Internet traffic became cheaper several times every year. Further reduction will make the service unprofitable, the newspaper writes referring to the experts of Moscow mayor's office.

IZVESTIA

www.izvestia.ru

- A new spy satellite to control the earth's surface has been developed in Russia. Its advantages include a smaller size and lighter weight. The experimental satellite is planned to be put into orbit in early 2018, the newspaper reports, citing a source.

RBC

www.rbc.ru

- Russian companies lost approximately 116 billion roubles ($1.97 billion) due to cyber attacks by hackers in 2017, the newspaper reports citing the National Agency for Financial Studies. ($1 = 58.7424 roubles) (Reporting by Margarita Popova; Editing by Dmitry Solovyov)

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