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• November 4, 2011 by Russia Briefing
  

  South Koreans to Energize 2014 Winter Olympic Games in Sochi

  Nov. 4 – Russia and South Korea are teaming up to develop a tourism hub in the mountainous North Caucasus region and Korean investors have signed on to contribute US$1 billion towards the US$30 billion project. The state-run OJSC Northern Caucasus Resorts Company (NCRC) signed a joint venture agreement with Korean Western Power Co. (KOWEPO)[…..]
• November 3, 2011 by Russia Briefing
  

  Singaporeans to Develop Airports in Southern Russia

  Nov. 3 – Changi Airports International (CAI), Basic Element Group, and LLC Sberbank Investments (a subsidiary of state lender Sberbank), have signed a memorandum of understanding to form a joint venture to invest in and develop airports in Russia. CAI, the company that operates Singapore’s main airport, will hold 30 percent, Basic Element will hold[…..]
• November 1, 2011 by Russia Briefing
  

  Walt Disney to Air in Russia

  Nov. 1 – Walt Disney Co., owner of ABC television, has agreed to buy a 49 percent stake in Russia’s Seven TV network owned by United TV Holdings and will rename it the Disney Channel. The deal was announced at the meeting between Russian Prime Minister Vladimir Putin and President and CEO of Walt Disney[…..]
• October 27, 2011 by Russia Briefing
  

  Italy and Russia to Expand Bilateral Cooperation

  Oct. 27 – In spite of its own economic problems, Italy has managed to become Russia’s second largest trade partner in Europe after Germany. Trade turnover between the two states reached US$37.3 billion in 2010, according to the Russian Customs Service, representing a respectable recovery after trade turnover dropped to US$25 billion in 2009 after[…..]
• October 20, 2011 by Russia Briefing
  

  Russia May Triple Gold Exploration

  Oct. 20 – Canadian Kinross Gold Corp suggests Moscow should ease its subsoil legislation in order to triple the current investment in geological explorations for gold to US$1.6 billion a year. Tye Burt, president and CEO of Kinross, the largest foreign investor in Russia’s gold sector, presented proposals on Monday within the framework of a[…..]
• October 19, 2011 by Russia Briefing
  

  Siemens to Become One of the Biggest Investor in Russian Economy

  Oct. 19 – German engineering and industrial giant Siemens AG will spend €1 billion (US$1.37 billion) on projects in Russia over the next three years, Peter Löscher, head of the board, said on Monday. Russia’s energy sector will get the bulk of investment – around €700 million, with €400 million to be invested in a[…..]
• October 17, 2011 by Russia Briefing
  

  Unilever to Expand its Business in Russian Beauty Market

  Oct. 17 – The Anglo-Dutch Unilever PLC said Friday that it had agreed to buy 82 percent of the Yekaterinburg-based beauty and cosmetics products manufacturer OJSC Concern Kalina for 500 million euros (US$700 million). The deal, which has to be approved by regulators, “will strengthen and re-balance Unilever’s portfolio and competitive position in Russia, an[…..]
• September 28, 2011 by Russia Briefing
  

  Russia to Review its Gas Contract with Ukraine

  Sept. 28 – Russia has agreed to review its gas contract with Ukraine, Ukrainian Prime Minister Mykola Azarov said Monday. “We have finally managed to reach an agreement with Russia on reviewing the contract,” Azarov said at a meeting with a delegation of the Council of Europe’s parliamentary assembly. Ukraine has been pressing Russia for[…..]
• September 23, 2011 by Russia Briefing
  

  German SAP to Invest in Russian and CIS Markets

  Sept. 23 – German software developer SAP AG, one of the world’s leading vendors of business management solutions, intends to invest a total of 1 billion euros (US$1.3 billion) in its business in Russia and other CIS countries by 2015, business daily Vedomosti reported, citing President of SAP EMEA Franck Cohen. The German global software[…..]
• September 22, 2011 by Russia Briefing
  

  IMF Recommends Russia Undertake Economic Reforms

  Sept. 22 – Russia must make fundamental changes to its fiscal and monetary policy in the next few years to reach stable economic growth and reduce the country’s vulnerability to external shocks, the International Monetary Fund said Wednesday. Under the current economic scenario, Russia will remain vulnerable to shocks, with GDP showing modest growth of[…..]