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    Russia to dominate world wheat market

    By Marina Romanova Russia has unseat the United States as the top grain exporter by winning the race to export more than 140,000 tons of wheat to Egypt, world’s biggest wheat buyer, international and Russian media reports. In two tenders this month, Egypt agreed to buy 480,000 tons of wheat with more than half coming[…..]

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    Russian middle class to continue buying real estate abroad yet in smaller numbers

    By Marina Romanova Russia’s shrank yet still present middle class will linger to invest in real estate property abroad in 2016 as investors seek to protect their capital from domestic risks. “Most Russian-speaking investors are successful entrepreneurs, owning and operating businesses in Russia and/or CIS countries. Due to the volatile financial situation in the region, they are[…..]

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    IKEA to Beat “The Way to Communism” and to Invest US$2.1 BLN in its Russian Malls

    By Marina Romanova The Supreme Court of Russia has affirmed the lower court’s ruling rejecting a claim of an agricultural enterprise, former collective farm “The Way to Communism”, which demanded to demolish two 15 store’s buildings of the “Khimky” business park, belonging to Swedish furniture retailer. Thus the court has settled the claim of IKEA,[…..]

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    Russia’s diamond miner to start new kimberlite pipe and plug state budget holes

    By Marina Romanova Russian diamond miner Alrosa PJSC has announced the start of the development of Zarya kimberlite pipe, a new deposit in its Aikhal Mining and Processing Division (MPD) located in Mirny District of Russian Republic of Sakha. The initial investment estimated by the company to approximately US $150 million. The announcement came along with the news[…..]

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    Regulator to approve acquisition of 13.3 percent of Siberian Bystrinsky GOK by Chinese Investors

    By Marina Romanova Government Commission on Monitoring Foreign Investments has approved long anticipated acquisition of 13.3 percent of Bystrinsky copper-gold-iron development project by Chinese Highland Fund, www.finmarket.ru quoted Igor Artemyev, head of the Russian Federal Antimonopoly Service, as saying. Last December, China’s Highland Fund, consortium established by prominent Chinese investment funds and corporations, has agreed[…..]

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    EU to extend anti-Russian sanctions but ‘menu’ of punishment may be changed later this year

    By Marina Romanova Another round of discussion on Western sanction’s regime against Putin’s Russia, which was extended in December 2015 until July 31 of this year, is set in Europe. The EU’s sanctions on Russia’s energy, financial and defense sectors, which also include travel bans and asset freezes for some Russian politicians and friends of[…..]

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    2016 Overview of Russia’s Investment Potential

    Mikhail Dmitriev, President of New Economic Growth in Moscow, is one of Russia’s leading strategic thinkers, and an ex-member of the Russian Government, being Vice-Minister for Finance from 2000-2004 and chairing the Centre for Strategic Research in Moscow, the countries top think-tank. In his recent Asia House presentation “Russian Society  and the Economic Turning Point: Opportunities[…..]

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    Russia to tag fur imports in a bid to fight customs fraud

    By Marina Romanova From April 1st onward, Russia start a pilot project of labelling imported furs and fur coats with RFID marker chips. Pilot project is require all fur products imported to the Russian Federation to carry RFID markers. Russia became the testing ground for a new order launched by the Eurasian Economic Commission, the[…..]

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    Moscow to arrange shopping tours for Chinese clientèle

    By Marina Romanova, TSUM, the well known by all Russians Moscow’s Central Universal Department Store is in talks with Chinese tour companies, the Russian travel operator “Intourist” and the World Without Borders Travel Association, the store’s general director Alexander Pavlov told RBC. The main issue to discuss is how to transform Moscow luxury brands selling[…..]

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    Lawrence Ho’s Oriental Regent gains board control at Russia’s largest casino

    By Marina Romanova Summit Ascent Russia, a firm backed by Hong Kong mogul Lawrence Ho, is to have a majority of the directors on the board of the Oriental Regent Ltd, controlling the Tigre de Cristal casino. The group said so in a filing its 2015 results with the Hong Kong stock exchange this Friday,[…..]

Showing 10 of 291 articles