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• July 28, 2010 by Russia Briefing
  

  Russia May Ease Export Regulations

  Jul. 28 – President Dmitry Medvedev agreed to allow the transportation of goods through the Russian border without a “transaction passport” if costs do not exceed US$100,000. Yesterday, during the presidential commission on economic modernization, the head of state-run Russian Venture Company Igor Agamirzjan enumerated the problems that disturb venture investments and what needs to[…..]
• July 27, 2010 by Russia Briefing
  

  Post Operator Pochta Rossii to Enter Money Transfer Market

  Jul. 27 – Russia’s state-run national post operator Pochta Rossii has entered the immediate money transfer market with a new service named Forcage, which will allow funds transfer within an hour, according to the company’s press release. Before establishing this service, the delivery of funds took anywhere between four hours to three days. Now, delivery[…..]
• July 26, 2010 by Russia Briefing
  

  Russian Government May Privatize State-Run Corporations

  Jul. 26 – The Ministry of Finance has suggested that the government privatize packages of 10 state-run companies and banks over the next three years, an official told Russian daily Vedomosti. The Russian state-run companies Transneft and Rosneft are included in the 2011-2013 privatization plan, as are Federal Grid Company of Unified Energy System, Rusgidro,[…..]
• July 23, 2010 by Russia Briefing
  

  Russia Considers Flexibility in Mining License Conditions

  Jul. 23 – The Ministry of Environmental Protection and Natural Resources has proposed that companies be given the option to change conditions in their licenses to allow them to cut extraction volumes. This measure will allow companies struggling with low raw material demand to reduce extraction without the fear of losing their licenses, Russian daily[…..]
• July 22, 2010 by Russia Briefing
  

  Russian Government to Introduce Differentiation on Taxation of Oil Producers

  Jul. 22 – The small deposit developers of the Russian oil industry may soon be granted tax cuts, Russian daily Vedomosti-Kazan reports. The Ministry of Finance has published the final draft of the tax code amendment on a its official site, which places a differentiation on the taxation of deposits depending on its stocks.
• July 20, 2010 by Russia Briefing
  

  Russian Economy Shows Recovery Signs

  Jul. 20 – Russia reported good economic results during the first half of the year, although investment activity remained low. From January to July, Russia’s GDP grew by 4.2 percent compared to the same period last year, Elvira Nabiullina, Russia’s economic and trade minister said yesterday during the government session. “This is quite a good[…..]
• July 19, 2010 by Russia Briefing
  

  Russia Moves to Reduce Number of Licensed Industries

  Jul. 19 – Nine different industries and type of business activities, including medical services and pharmacies, will no longer need to obtain a license while all other industries will see their licensing procedures simplified. The Russian government is considering amendments to the federal law on licensing today. “It is necessary to reduce the list of[…..]
• July 16, 2010 by Russia Briefing
  

  Russian Technologies to Boost Stake in AvtoVAZ

  Jul. 16 – The three main shareholders of Russian automaker AvtoVAZ – Russian Technologies, France’s Renault and Troika Dialog – agreed on Thursday to increase authorized capital for the company. French shareholder Renault will provide the automaker with equipment and technology equivalent to US$306 million to maintain its 25 percent stake through the first phase[…..]
• July 15, 2010 by Russia Briefing
  

  Off-Scheduled Business Audits Decline in Russia

  Jul. 15 – The state public prosecutor’s office, the Geproekratura, has published data indicating that non-scheduled (irregular) audits of all businesses in Russia declined in 2010. While the government says that this is an indicator of the efficiency of new legislation, many experts still say that the business climate in Russia has yet to change.[…..]
• July 14, 2010 by Russia Briefing
  

  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[…..]