FDI & Foreign Trade

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• April 14, 2010 by Russia Briefing
  

  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[…..]
• April 13, 2010 by Russia Briefing
  

  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[…..]
• April 7, 2010 by Russia Briefing
  

  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[…..]
• April 2, 2010 by Russia Briefing
  

  Russian Judicial Loophole May Hamper Foreign Transactions

  Apr. 2 – Any deal to buy a strategic enterprise by a Russian company that has foreign daughter companies may be declared null and void. Blame the broad interpretation by the Federal Anti-Monopoly Service and the courts for their elastic notion of what constitutes a group of persons. Even major Gazprom deals could be contested.[…..]
• March 31, 2010 by Russia Briefing
  

  Daimler Trucks Expands its Local Presence in Russia

  Mar. 31 – Daimler AG and Russia’s investment bank Troika Dialog have signed a memorandum of understanding regarding the strengthening of Daimler’s role in the Russian truck manufacturer KAMAZ, through the acquisition of five percent of the KAMAZ shares held by Troika Dialog. Under this plan, Daimler AG and the European Bank for Reconstruction and[…..]
• March 30, 2010 by Russia Briefing
  

  Retail Giant Auchan to Declare 2009 Turnover in a Court Ruling

  Mar. 30 – French retail giant Auchan, which has never publicized its financial indicators in Russia, has now been compelled to do so in a judicial dispute with tax inspectors. The operational company of the hypermarket network Auchan, is trying to challenge the decision of the Moscow branch of The Russian Federal Tax Service (FTS)[…..]
• March 29, 2010 by Russia Briefing
  

  Russia Needs Modernization as Well as a Welcoming Business Climate

  Mar. 29 – The American Chamber of Commerce in Russia’s 10th annual Investment Conference held last week examined current trends and their likely impact on the business environment in the country. The theme of the 2010 conference was “A Post-Crisis Russia: Modernization is the Way Forward.” AmCham representatives said Russia still needed to deal with[…..]
• March 12, 2010 by Russia Briefing
  

  Investments Aid ‘Boom Time’ in St. Petersburg Region

  Mar. 12 – Foreign investments into the St. Petersburg region have grown almost 30 percent in 2009 compared to 2008 and have so far totaled US$1.3 billion. These indicators have allowed the region to remain one of leaders on rates of increase in foreign investments in Russia. The main investors are United States (45.4 percent[…..]