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    Russia Moves to Simplify Customs Procedures

    Aug. 18 – Customs administration became the main theme of an investment climate session held by Russian President Dmitry Medvedev in the city of Sochi yesterday. “The customs border costs are unpredictable and discourage investors from opening new production facilities in Russia,” said President Medvedev. “Such cases do happen.”

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    Foreign Investors May Participate in Trebs and Titov Auction

    Aug. 12 – Russia’s official government web site has published conditions under which a license to the strategic Trebs and Titov oil and gas fields in the Arctic north will be put up for auction. According to the document, 15 percent of oil extracted from the strategic deposits will be sold out at the Russian[…..]

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    Russian Government to Reduce Risks for Leasing Companies

    Aug. 10 – The Ministry of Economic Development and Trade (MEDT) has prepared a bill that will reduce risks for leasing companies, but experts do not believe that it is enough to stimulate recovery in the leasing market. The leasing market in Russia has been brought down during the crisis. In 2008, the market volume[…..]

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    Customs Union Costing Russia US$158 Million

    Aug. 4 – The Accounts Chamber of the Russian Federation has tallied state budget losses of US$158 million since the Russian Federation, Republic of Kazakhstan and Republic of Belarus launched the Customs Union, according to a federal body information department report released yesterday. According to Accounts Chamber auditors Igor Vasilev and Victor Kosourov, the reduction[…..]

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    KuibyshevAzot to Switch to Yuan-Denominated Calculations

    Aug. 3 –Russian chemical producer KuibyshevAzot OJSC has decided to switch from the Russian ruble to the Chinese yuan when settling accounts with its Chinese clients, Russian weekly Vedomosti-Samara reports. “Calculations with Chinese consumers of polyamide-6 switched to the yuan on July 13th this year,” according to a company press release. “Calculating in yuan will[…..]

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    Global Investors to Increase their Russian Equities

    Aug. 2 –Foreign investors invested US$103 million into Russian equities last week after an outflow of US$11 million the week before according to the experts at EPFR Global. From the beginning of this year, the net-inflow of investment into Russian funds totals near US$2.1 billion. ″Judging from EPFR data, optimism has returned to emerging market[…..]

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    Indian Iron-Ore Producer to Enter Russian Coal Market

    Jul. 14 – Indian state-owned iron-ore producer, NMDC Ltd., is in negotiations to purchase four coal mines in Sakha-Yakutia from coal company Kolmar. NMDC is Asia’s third-largest iron-ore producer while Kolmar is owned by the Onexim Group-affiliated mining and exploration company, Intergeo. Talks to buy the Kolmar mines, which have reserves of about 400 million[…..]

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    Federal Financial Markets Service to Make the Issuing of Securities More Transparent

    Jul. 13 – The Russian Federal Financial Markets Service (FFMS) wants to make the issuing of securities more transparent, proposing that they work together with the Ministry of Economic Development and Trade (MEDT), to make companies release information about increasing number of vote voices supervised by each shareholder in addition to changes in stockholder’s shares.[…..]

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    Russia, Kazakhstan and Belarus Create Customs Union

    Jul. 9 – Russia, Kazakhstan and Belarus have reached an agreement creating a new Customs Union (CU)  starting this week that will put all three countries under one customs territory. The new Customs Code will simplify Russian-Kazakhstan border customs registration, though Customs control at the border will be remain until 2011. The three countries have[…..]

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    Russia Sells Uranium Shares to Kazakhstan

    Jul. 6 – Russia is selling 20 percent to 50 percent of its shares in the world’s largest uranium producer, Uralsk Electrochemical Industrial Complex (UEIC), to Kazakhstan in exchange for raw materials for the state-owned company. The deal was formalized and signed on Monday by the Russian state nuclear energy corporation Rosatom and the Kazakhstani[…..]

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