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    Chinese Companies Look to Fund Russian Mining Railroad

    May 31 – China Railway Materials Commercial Corp. and SUYU Railroad Material Co. could get involved in funding a railroad branch line to be constructed to the Ozernoye mining site in the Buryat Republic of Russia. Conditions of the financing agreement state that the owner of the deposit IFC Metropol will buy construction equipment, railroad[…..]

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    Foreign Investment in St. Petersburg Reaches Record High

    May 27 – Foreign investments contributing to the St. Petersburg economy reached US$1.35 billion within the first three months of this year, a figure nearly double that seen over the same period last year. According to data from the city statistic office Petrostat, 88 percent of foreign investments were on bank credits, the volume which[…..]

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    China Huandian Power Sign Joint Venture Deal with Russia’s TGK-2

    May 26 – Chinese Huadian Power International Corporation Ltd. (HPIC) will finally have a share of the Russian power market after a long bidding process. The company has entered a joint venture with Russian regional power generator TGK-2 for a thermal electric power plant project in Yaroslavl. Russia’s TGK-2, controlled by energy firm Sintez Group[…..]

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    Russian Bureaucrats Find an Efficient Mechanism to Attract Foreign Investors

    May 24 – Foreign direct investment funds, in cooperation with Vnesheconombank, might appear in Russia soon, Minister of Economic Development and Trade Elvira Nabiulina stated yesterday. She believes those funds have become an efficient instrument for attracting capital to the Russian economy while the government creates a friendlier business environment for investors. According to the[…..]

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    Russia’s Capital Outflow Hits US$203 Million

    May 18 – After three months of unbroken inflow, investors have started taking out capital from Russia and CIS country-oriented funds. According to fund tracker EPFR Global, capital outflow has reached US$203 million in the region, compared to losses of US$332 million in China, US$247 million in Brazil, US$189 million in India, and US$351 million[…..]

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    Japan Seeks to Reinstate Timber Export Levels from Russia

    May 7 – Import volume of raw timber materials from Russia to Japan, which dropped drastically the last three years, may soon increase again said Tamba Tosikhito, the head of the Japanese Lumber Importers Association (JLIA), in a meeting with Russian Dalexportles in Khabarovsk city last week. Tamba also noted that timber has to be[…..]

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    Moscow Invests in Russian ‘Silicon Valley’

    May 4 – As part of President Dmitry Medvedev’s plan to diversify the country’s economy through investment in innovation and reduce its dependence on oil and gas, the Kremlin this year announced plans to create Russia’s version of “Silicon Valley,” a new high-tech hub in the Moscow region town of Skolkovo. Yesterday Dmitry Medvedev declared[…..]

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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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