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    Russia’s Steel Producers to Become Partners with Vietnam Steel Corp

    Nov. 22 – Two of Russia’s largest steelmakers – Novolipetsk Steel and Evraz Group SA – are interested in becoming strategic partners of Vietnam Steel Corporation (VN Steel), according to VN Steel President Le Phu Hung. “We consider various possibilities of our billets rerolling to an end-product in Southeast Asia, but no decision has been[…..]

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    Details on Russia’s Real Estate Deals Soon Available Online

    Nov. 16 – The Federal Service for State Registration, Cadaster and Cartography, known as Rosregister, will launch a new online service providing information about each real estate deal that has been made in every Russian region. Information about all registered real estate deals since 1999 will also be published in the new portal. For example,[…..]

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    Russia to Lead APEC for One Year Starting from Next Week

    Nov. 10 – Russia will take the reins of the Asia-Pacific Economic Cooperation Forum from the United States next week after the APEC summit in Honolulu on November 11-13 hosted by the United States. According to the different press reports, the summit’s agenda will be traditional, with some issues like regional cooperation, integration, the liberalization[…..]

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    Russian Companies to Break into Brazilian Market

    Nov. 8 – The Russian gas giant Gazprom opened an office in Rio de Janeiro last week, while another Russian oil producer TNK-BP announced an agreement to buy 45 percent of the Solimoes Basin project for US$1 billion from the Brazilian HRT Participacoes em Petroleo. TNK-BP and HRT Participacoes em Petroleo will jointly produce oil[…..]

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    South Koreans to Energize 2014 Winter Olympic Games in Sochi

    Nov. 4 – Russia and South Korea are teaming up to develop a tourism hub in the mountainous North Caucasus region and Korean investors have signed on to contribute US$1 billion towards the US$30 billion project. The state-run OJSC Northern Caucasus Resorts Company (NCRC) signed a joint venture agreement with Korean Western Power Co. (KOWEPO)[…..]

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    Singaporeans to Develop Airports in Southern Russia

    Nov. 3 – Changi Airports International (CAI), Basic Element Group, and LLC Sberbank Investments (a subsidiary of state lender Sberbank), have signed a memorandum of understanding to form a joint venture to invest in and develop airports in Russia. CAI, the company that operates Singapore’s main airport, will hold 30 percent, Basic Element will hold[…..]

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    Russia to Enter WTO by End of 2011

    Nov. 2 – Georgia approved Switzerland’s compromise proposal for Russia’s World Trade Organization membership, meaning the world’s largest energy producer and the only major economy that is not a member could finally enter the WTO after 18 years of talks. Manana Mandzhgaladze, Georgian presidential press secretary, confirmed that Tbilisi approved the compromise proposals of Switzerland[…..]

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    Walt Disney to Air in Russia

    Nov. 1 – Walt Disney Co., owner of ABC television, has agreed to buy a 49 percent stake in Russia’s Seven TV network owned by United TV Holdings and will rename it the Disney Channel. The deal was announced at the meeting between Russian Prime Minister Vladimir Putin and President and CEO of Walt Disney[…..]

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    Russia’s Inequality to Meet International Standards

    Oct. 28 – Despite income inequality being officially declared as at a “dangerous level,” Russia is in line with international standards in terms of GDP per capita, according to a report issued this week by Renaissance Capital. “Claims about Russia’s outsized income inequalities are simply wrong, and the current level of income inequality in Russia[…..]

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    Italy and Russia to Expand Bilateral Cooperation

    Oct. 27 – In spite of its own economic problems, Italy has managed to become Russia’s second largest trade partner in Europe after Germany. Trade turnover between the two states reached US$37.3 billion in 2010, according to the Russian Customs Service, representing a respectable recovery after trade turnover dropped to US$25 billion in 2009 after[…..]

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