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• May 11, 2010 by Russia Briefing
  

  Russia Gold Producer Polimetall Rakes in First Profit in Three Years

  May 11 – Leading Russian gold and silver producer Polimetall has registered profits for the first time in three years, announcing a US$96 million net income in 2009. The company’s growth has been brought around by favorable gold prices. According the company’s press release, the company made US$96 million net income in 2009 compared to[…..]
• May 5, 2010 by Russia Briefing
  

  Twitter Attracts Russian Government Agencies

  May 5 – The Federal Financial Markets Service (FFMS) has started publishing its news on the microblogging service Twitter. “We registered an FFMS account and the first news about Instruction of Derivative Financial Tools has been published,” said FFMS chief Vladimir Milovidov yesterday. The Federal Financial Markets Service is the second Twitter-established Russian government service[…..]
• May 4, 2010 by Russia Briefing
  

  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[…..]
• April 18, 2010 by Russia Briefing
  

  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[…..]
• April 16, 2010 by Russia Briefing
  

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

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

  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[…..]
• 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[…..]