UPDATE 2-Russian stocks get short-lived relief from tycoon's release MOSCOW, Sep 19- Russian shares got a short-lived boost on Friday afternoon after a well-known tycoon was freed from house arrest, but the market optimism faded, leaving indexes well into the red. But he will have to stay in Russia to face money laundering charges.
| By: Jason Bush
UPDATE 1-Russia's VTB to take legal action over Mechel debts - RIA MOSCOW, Sept 19- Russian bank VTB will have to take legal action to recover debts from Mechel after other attempts to help the struggling steelmaker failed, RIA news agency quoted VTB's chief executive as saying on Friday. Mechel wants its main creditor banks, which besides VTB include Sberbank and Gazprombank, to restructure its debt.
Russian investigators deny billionaire's release Russia's Investigative Committee said Friday that the 65- year old Yevtushenkov has remained under house arrest, dismissing the claim of his release issued by his Sistema holding company.
Source: The Associated Press
UPDATE 1-Russia says Exxon still drilling in its Arctic MOSCOW, Sept 19- ExxonMobil is still drilling in the Russian Arctic, a Russian minister said on Friday, in move that if confirmed will anger Washington after the U.S. administration slapped sanctions on Moscow to suspend such operations by Western oil majors.
Shell Russia, Total say will continue work in Russia SOCHI, Russia, Sept 19- The head of Shell Russia said on Friday that the company's strategy in Russia remained unchanged, although the firm is evaluating the implications of sanctions imposed by the West on Moscow over its involvement in Ukraine.