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    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[…..]

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    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[…..]

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    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[…..]

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    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[…..]

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    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[…..]

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    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[…..]

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    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[…..]

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    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[…..]

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    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[…..]

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    French Vostok to Become Pioneer in Russian Electricity Market

    Feb. 29 – French grid company Vostok has been contracted to run the Tomsk Distribution Company of Russia’s grid firm MRSK for an initial 18-month probationary period, the companies announced on Tuesday. It’s the first time a foreign entity has been permitted to manage an operating entity in Russia. “This is the first instance of[…..]

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