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• 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 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[…..]
• July 9, 2010 by Russia Briefing
  

  Russia, Kazakhstan and Belarus Create Customs Union

  Jul. 9 – Russia, Kazakhstan and Belarus have reached an agreement creating a new Customs Union (CU)  starting this week that will put all three countries under one customs territory. The new Customs Code will simplify Russian-Kazakhstan border customs registration, though Customs control at the border will be remain until 2011. The three countries have[…..]
• July 6, 2010 by Russia Briefing
  

  Russia Sells Uranium Shares to Kazakhstan

  Jul. 6 – Russia is selling 20 percent to 50 percent of its shares in the world’s largest uranium producer, Uralsk Electrochemical Industrial Complex (UEIC), to Kazakhstan in exchange for raw materials for the state-owned company. The deal was formalized and signed on Monday by the Russian state nuclear energy corporation Rosatom and the Kazakhstani[…..]
• July 1, 2010 by Russia Briefing
  

  Legal Precedent Complicates Foreign Investment in Strategic Sectors

  Jul. 1 – A court decision based on the law on foreign investments for strategic Russian companies may essentially complicate investor access to the market. The Commercial Court of Moscow City announced its decision on the Megafon cellular operator case on Tuesday; invalidating all positions of the agreement on establishing joint venture in which Russian[…..]
• May 31, 2010 by Russia Briefing
  

  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[…..]
• May 21, 2010 by Russia Briefing
  

  Russian Government Wants to Simplify Construction Legislation

  May 21 – The Russian government wants to implement the same measures used for the construction of Olympic-related facilities in the city of Sochi, host of the XXII Winter Olympic Games in 2014, for the country’s entire building industry. According to Russian Vice Prime Minister Dmitry Kozak, a simplification of the construction legislation will attract[…..]
• May 20, 2010 by Russia Briefing
  

  Yandex Launches International Search Engine

  May 20 – Russia’s biggest internet firm, Yandex, is set to launch an international version of its search engine at yandex.com, company official Ochir Mandgikov publicized yesterday. Yandex declared in an earlier announcement that its search engine has indexed over four billion unique web pages in foreign languages during the past two years, of which[…..]
• May 19, 2010 by Russia Briefing
  

  Russian Developers Given VAT Exemptions on Shared-Equity Construction

  May 19 – The Russian State Duma is exempting all developers operating under the law regulating shared-equity construction from value-added tax. All housing deals using private capital and creating property rights will now be made under shared equity law. Although deputies believe that the VAT exemption opportunity will motivate developers to operate under the law,[…..]
• May 13, 2010 by Russia Briefing
  

  Russia to Issue New Property Tax Laws for 2013

  May 13 – Current land and real estate tax might be replaced by new property tax laws in 2013 after the next presidential election in Russia. According to Vedomosti, the new tax laws should become a basis for filling local budgets. The Ministry for Economic Development and Trade and the Ministry of Finance said the[…..]