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• June 26, 2012 by Russia Briefing
  

  China Eximbank to Help Fund RusAl’s Factory Construction in Siberia

  Jun. 26 – Russian UC RusAl, the world’s largest aluminum producer, and the Export-Import Bank of China (China Eximbank), one of China’s largest financial institutions, have signed a cooperation agreement on a RusAl greenfield project in Eastern Siberia worth up to US$850 million. The agreement foresees joint cooperation on financing for the construction of a[…..]
• June 20, 2012 by Russia Briefing
  

  Russia’s Second Largest Social Network to Launch English Version

  Jun. 20 – Russia’s second-largest social network Odnoklassniki is starting an English version of the site, the company told RIA Novosti. “People in 229 countries use the Odnoklassniki social network. Pitcairn Islands [in the Pacific] is the only territory we have not registered a single visit from,” the company said in a statement. “Therefore, we[…..]
• June 14, 2012 by Russia Briefing
  

  Russia to Improve Access to Construction Permits and Energy Infrastructure

  Jun. 14 – Two road maps to improve Russia’s investment climate, by addressing the construction sector and energy infrastructure in particular, have been approved by the cabinet. One of the road maps promises to bring the country to 34th out of 183 countries for getting construction permits by 2020, up from the current 178th. The[…..]
• June 11, 2012 by Russia Briefing
  

  Kamaz to Launch First Assembly Plant in the EU

  Jun. 11 – After a meeting with Kamaz officials in Vilnius, Lithuanian Prime Minister, Andrues Cubilus told the Baltic News Service that Russian truck maker, Kamaz, together with local partner Autobagi, plans to assemble trucks in Lithuania starting in September of this year. The Lithuanian production line will be used to target sales in Eastern[…..]
• May 22, 2012 by Russia Briefing
  

  Russia Ranks Second in Pirated Software Users, after China

  May 22 – Russia took second place for pirated software use, after China, according to a new survey from the international software makers association’s Business Software Alliance (BSA), but overall pirating is down. The trade group, a leading advocate for stronger intellectual property rules and stricter enforcement practices, for the first time directly asked survey[…..]
• May 15, 2012 by Russia Briefing
  

  Sinopec and Sibur to Produce Rubber in Krasnoyarsk

  May 15 – China Petroleum and Chemical Corporation (Sinopec) and Sibur, the Russian petrochemicals group, have entered into a cooperation agreement to form a butadiene nitrile rubber joint venture in the Siberian city of Krasnoyarsk. The cooperation deal was signed by Sibur’s CEO Dmitry Konov and Sinopec’s president Wang Tianpu at the recent Russian-Chinese Forum[…..]
• April 20, 2012 by Russia Briefing
  

  Russia Insists Foreign Companies Use GLONASS

  Apr. 20 – The Russian government will insist that foreign companies in the country use the GLONASS satellite navigation system equipment, Deputy Prime Minister Vladislav Surkov said at the Sixth Annual Satellite Navigation Forum in Moscow. According to Surkov, the requirement to use chipsets supporting Global Navigation Satellite System (GLONASS) will affect communication equipment producers[…..]
• April 11, 2012 by Russia Briefing
  

  Russia’s Yandex Money to Accept Foreign Bank Cards

  Apr. 11 – Users from any country, other than Russia, can make payments to the sites of Russian companies or e-shops through Russia’s online payment system Yandex.Money. Yandex is a popular Russian search engine. The payment system has recently launched a redesigned website: money.yandex.ru. The website is the main space for transactions, such as money[…..]
• March 15, 2012 by Russia Briefing
  

  Miners in Tyva Republic to Subsidize Reindeer Breeding

  Mar. 15 – The government of Siberia’s Tyva Republic has asked foreign and domestic miners operating in the region to pay subsidies to local reindeer breeders, according to the republic’s web site. Under the agreement, China’s Longxing and the local Golevskaya Mining Company will allocate 600 rubles (US$20) for the maintenance of each reindeer in[…..]
• March 14, 2012 by Russia Briefing
  

  The Republic of Tuva and the State of Russian Coal Exports

  Mar. 14 – Russia’s US$8 billion investment into Siberia to develop the Tyva Ulug-Khem Coal Basin, estimated to have 2.5 times more reserves than the Mongolian Tavan Tolgoi field, could double the country’s metallurgical coal exports by 2020. “Annual coal production in Tyva may reach 40 million metric tons in 2020 should all the companies[…..]