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    Renault-Nissan to Raise its Stake in AvtoVAZ

    Nov. 1 – French auto-maker Renault SA and its Japanese alliance partner Nissan Motor Co. are in negotiations with Russian investment banking company Troika Dialog in a bid to purchase its 25 percent holding in Russia’s AvtoVAZ, the brokerage said Thursday. “As part of our long-term strategy, the alliance will continue to make investments in[…..]

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    China to Invest in Russian Coal Producing Market

    Oct. 26 – China will issue a US$6 billion credit line to Russian coal producers for the development of greenfield coal deposits, Deputy Energy Minister Anatoly Yanovsky stated on Monday. “There will be a credit line opened and those companies that are interested in shipping coal to China … will reach an agreement,” Yanovsky said.

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    U.S. Ketchum to Become a Big Player in Russian PR Market

    Oct. 21 – U.S.-based Ketchum Inc., a marketing and corporate communication agency, announced it has purchased a majority stake in Moscow-based Maslov PR, a leading Russian public relations company. The sides declined to disclose the value of the deal. The two firms have been successful partners for 15 years. Maslov PR’s founder and managing director[…..]

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    Foreign Investors Asked to Contribute ‘Smart Investments’ in Exchange for ‘Interesting’ Stakes

    Oct. 19 – Prime Minister Vladimir Putin promised foreign investors on Monday that the government was ready to privatize “interesting” stakes in state-run companies but asked that they contribute “smart investments” of technology and know-how to improve the Russian economy. “Russia needs direct, private foreign investment. Not just capital, but also so-called ‘smart investments,’ or[…..]

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    Visa to Increase Investment in Russian Market

    Oct. 13 – Visa, the world’s leading electronic payments network, is considering Russia as one of its priority markets that is crucial for the company’s growth, Steven Parker, Visa’s chief executive for Russia, said Tuesday. “Visa will invest into expanding acceptance in Russia, including in electronic commerce, and will further develop the electronic payments technology[…..]

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    Gazprom to Boost Asian Market Supply

    Oct. 12 – Russian gas monopoly Gazprom may build plants to liquefy and compress natural gas on Russia’s Pacific Coast, Primorye Regional Governor Sergei Darkin said on Friday. The project will energize development in Russia’s Far East, boosting regional economies and allowing the region to compete with Middle East producers to supply Asian markets.

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    Alrosa to Hold an IPO Next Year

    Oct. 6 – Alrosa, the world’s largest diamond-mining company, may hold an initial public offering next year that could value the company at between US$7.3 billion to US$9 billion, Vedomosti reports, citing an unidentified company official. The company may only conduct an IPO after it is converted from a closed joint stock company into an[…..]

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    Russia’s Gold Miners Want More Foreign Investors

    Oct. 1 – Gold miners asked the Russian government to raise its threshold for strategic gold deposits to boost national reserves and production mining, executives said Thursday at the sixth Russia-CIS Mining and Exploration Forum 2010. Fields with more than 50 metric tons of gold are considered strategic, requiring extra government approvals. The government should[…..]

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    Russia’s S7 Airlines to Join Oneworld Alliance

    Sept. 28 – Siberia S7, Russia’s leading domestic airline, will join Oneworld, one of the leading global airline alliances, starting November 15. British Airways, which recommended S7 for introduction into the alliance, has been supporting Siberia through its 18-month alliance implementation project as its Oneworld sponsor airline, with working groups covering some 35 streams of[…..]

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    Rosneft and CNPC to Build US$5 Billion Oil Refinery in Tianjin City

    Sept. 23 – OAO Rosneft, Russia’s largest oil producer, and China National Petroleum Corp. will invest around US$5 billion in a joint oil refinery in the Chinese port city of Tianjin. Russia’s Deputy Prime Minister Igor Sechin, who is also Rosneft’s board chairman, joined Chinese Vice Premier Wang Qishan in the future refinery town of[…..]

Showing 10 of 541 articles