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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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    Russians to Re-enter Ukraine in Exchange for Gas Price Cuts

    Apr. 18 – A decision on cutting the price of gas for Ukraine in exchange for participation in the country’s energy sector could be made on Tuesday, when Ukrainian Fuel and Energy Minister Yuri Boiko returns to Moscow for additional talks, as told by Russian Deputy Prime Minister Igor Sechin to reporters in Murmansk on[…..]

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    Russian VimpelCom Announces Ukraine Merger and 3G Network Launch

    Apr. 16 – Russian VimpelCom will finalize its amalgamation with Kiev-based ZAO Kyivstar GSM provider of wireless telecommunications services within a week, said the company’s executive vice president Martin Furuset. The stock-swap transaction is valued at US $5.516 billion. “The merger has yet to go through. It will be decided in about a week or[…..]

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    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[…..]

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    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[…..]

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    Transneft Could Issue IPO

    Apr. 13 – Prosperity Capital Management, East Capital International and Vostok Nafta Investment, who own 17 percent of the monopoly’s privileged shares, have proposed issuing an IPO for Transneft. Prosperity announced on Friday that they sent a letter to RF Energy Minister Sergei Shmatko, who heads the board of directors, and Deputy Prime Minister Alexei[…..]

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    Russia’s E-Government Project Reaches its First Stage

    Apr. 9 – As a part of the Federal e-government project, a state e-mail service will start its trial period this week in Russia. The service will allow citizens to communicate with officials and have access to public services via the Internet by the end of 2010, as announced by the Russian CNews. The e-mail[…..]

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    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[…..]

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    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.[…..]

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    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[…..]

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