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    Georgia May Veto Russia’s WTO Accession Plans

    Dec. 16 – Georgia may veto Russia’s accession to the World Trade Organization. For the Georgians to wave Russia through would mean a de facto recognition of the independence of Abkhazia and South Ossetia because Moscow treats them as independent states and conducts trade relations with the them directly. The government of Mikheil Saakashvili said[…..]

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    Russia and United States to Boost Civilian Nuclear Energy Cooperation

    Dec. 14 – The U.S.-Russian Agreement for Cooperation in the Field of Peaceful Uses of Nuclear Energy passed approval procedures at the U.S. Congress, allowing the two countries to significantly expand cooperation in civilian nuclear energy. The agreement did not require an explicit approval of the legislators – it is approved if the Congress doesn’t[…..]

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    World Bank to Invest US$165 Million for Renewable Energy

    Dec. 13 – The Russian Renewable Energy Program, an experimental program by the World Bank’s International Finance Corporation, the Global Environment Facility and the Russian Energy Agency, will work together to develop a regulatory framework to assist renewable energy projects, expand access to financing, and directly inject funds into private projects. “This is the first[…..]

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    Bloomberg to Pay US$3.87 Million in Fines

    Dec. 9 – Moscow’s arbitration court Wednesday ordered the U.S. news agency Bloomberg to pay US$3.87 million in fines and taxes. Information on Bloomberg LP’s contestation of the decision from the Federal Tax Service’s Moscow Branch No. 47 was posted on the web site of the Moscow Arbitration Court.

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    Investors Expect Gains from Russia in 2011

    Dec. 8 – Leading investors are looking to emerging markets again to create their biggest gains in 2011 with Russia, Reuters reports. Speakers at the Reuters 2011 Investment Outlook Summit being held in London and New York see gains in emerging markets as the best bet for returns next year. The potential for gains from[…..]

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    Norilsk Nickel to Restart its Lake Johnston Nickel Ops in Australia

    Dec. 7 – Russia’s Norilsk Nickel, the world’s top nickel and palladium producer, has said it will restart its idle Australian asset Lake Johnston, which mines sulphide ore and produces nickel concentrate. The decision was announced during a business trip of the General Director of MMC Norilsk Nickel Vladimir Strzhalkovsky to the company’s Australian assets.

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    Investors in Russia are Looking for Hospitality

    Dec. 6 – Foreign investors are more interested in the regulatory environment, favorable taxes and the regional authority’s attitudes than location, natural resources and infrastructure, according to a survey of the investment milieu in Russia. The survey was carried out jointly by the Russian Union of Industrialists and Entrepreneurs (RSPP) and KPMG, an international public[…..]

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    PepsiCo to Become Russia’s Top Food and Beverage Company

    Dec. 3 – PepsiCo will become the largest food and beverage company in Russia by acquiring a controlling stake in juice and dairy giant Wimm-Bill-Dann, which, in turn, will make Russia Pepsi’s biggest international market. PepsiCo will buy 66 percent of Wimm-Bill-Dann for US$3.8 billion, marking one of the biggest foreign investments ever in Russia[…..]

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    Russia Wants to Boost Number of Highly Skilled Expats

    Dec. 2 – Russia should double or even triple the number of qualified foreign specialists working in the country, Konstantin Romodanovsky, head of the Federal Migration Service, said at the Federation Council, ITAR-TASS reported. Under the Economic Development Ministry’s estimates, Russia has to annually attract 40,000 to 60,000 qualified foreign specialists to help implement its[…..]

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    Foreign Firms to Develop Moscow’s Metro

    Nov. 30 – Moscow mayor Sergei Sobyanin suggested attracting foreign firms to construct the city’s new underground transportation lines. As he said at the city hall meeting, attracting foreign builders would ensure stability in enforcing contracts and improve the quality of work. “I request that not only two to three homegrown companies work in this[…..]

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