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    South Korea to Increase Trade Links with Russia’s Far East

    May 3 – Korean businessmen are ready to invest their funds in joint ventures with Russian companies, but they are looking for remarkable projects, stated the head of the informal delegation from South Korea in Vladivostok last week. Groups of investors came to the Russian Far East to participate in a meeting dedicated to 20[…..]

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    John Deere’s Looks to Service Russia’s Agiculture Revival

    Apr 28 – U.S.-based tractor maker John Deere officially opened its new manufacturing and parts distribution facility south of Moscow yesterday in Domodedovo. The Domodedovo facility is the company’s largest single investment to date in Russia and the first step of its plan to invest US$500 million in the country. The facility will manufacture agricultural,[…..]

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    Foreign Companies Working in Russia Sign Anti-Corruption Pact

    Apr. 22 – Members of the Russian-German Foreign Trade Chamber were slated to sign the document on Wednesday, but only 40 managed to do so, as some executives were stuck in airports across the globe because of the volcanic ash cloud from Iceland that grounded flights across Europe, said Michael Harms, chairman of the nonprofit[…..]

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    Russian Firms Race Ahead to Raise IPOs

    Apr. 21 – Four firms from Russia and Ukraine pressed ahead with share offerings to raise up to US$2 billion, with two lowering valuations following weak demand for a placement last week and a fall in share prices on Monday, Reuters reports. Dozens of Russian companies plan initial public offerings this year, seeking to replenish[…..]

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    Russian Labor Market Tempts Few Workers but Lures Seekers of Income Boost

    Apr. 20 – According to a recent survey conducted by international online recruitment service The Network, only 7 percent of foreigners would like to work in Russia. Among the 66,000 polled from 35 different nations, citizens of Finland (36 percent), Latvia (20 percent) and Ukraine (17 percent) were more positive towards the thought of working[…..]

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    Russians to Re-enter Ukraine in Exchange for Gas Price Cuts

    Apr. 18 – A decision on cutting the price of gas for Ukraine in exchange for participation in the country’s energy sector could be made on Tuesday, when Ukrainian Fuel and Energy Minister Yuri Boiko returns to Moscow for additional talks, as told by Russian Deputy Prime Minister Igor Sechin to reporters in Murmansk on[…..]

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    Russia to Join WTO Without Customs Union Members

    Apr. 16 – Russia may reject its plans to join the World Trade Organization together with Kazakhstan and Belarus, First Deputy Prime Minister Igor Shuvalov said Thursday during The Russian Union of Industrialists and Entrepreneurs Congress, recanting a plan that many experts said was doomed from the start. The Russian government had earlier indicated a[…..]

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    Foreign Investment Commission Approves Plant, Oil and Gold Mine Deals

    Apr. 14 – Prime Minister Vladimir Putin and the government’s foreign investment commission on Tuesday approved a deal to sell a private insulin plant to Europe’s biggest drug maker, France-based Sanofi-Aventis. The plant was bought in Oct 2009 from Bioton Vostok in Oryol region of Russian Federation which lies in 382 kilometers to the south[…..]

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    Chinese Tencent Enters Russian Internet Service Market

    Apr. 13 – Digital Sky Technologies has sold 10 percent of their business to the largest Chinese Internet company Tencent, as reported by a joint press release. London and Moscow based Internet investment group Digital Sky Technologies (DST) is owned by Russian businessmen Yuri Milner, Grigory Finger and Alisher Usmanov. The company has investments in[…..]

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    Russian Companies to Acquire ICQ

    Apr. 7 – “ICQ might become Russian,” Russian newspaper Vedomosti proclaimed yesterday. Parent company AOL has collected binding offers filed by Russian Internet investment groups Digital Sky Technologies (DST) and Prof-Media to purchase ICQ’s instant-messaging service and also from Chinese company Tencent. According to multiple reports DST started the early stages of negotiations to acquire[…..]

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