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    Japan Seeks to Reinstate Timber Export Levels from Russia

    May 7 – Import volume of raw timber materials from Russia to Japan, which dropped drastically the last three years, may soon increase again said Tamba Tosikhito, the head of the Japanese Lumber Importers Association (JLIA), in a meeting with Russian Dalexportles in Khabarovsk city last week. Tamba also noted that timber has to be[…..]

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    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[…..]

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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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    South Korea to Increase Trade Links with Russia’s Far East

    May 3 – Korean businessmen are ready to invest their funds in joint ventures with Russian companies, but they are looking for remarkable projects, stated the head of the informal delegation from South Korea in Vladivostok last week. Groups of investors came to the Russian Far East to participate in a meeting dedicated to 20[…..]

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    Welcome to Russia Briefing!

    An introduction Publisher Chris Devonshire-Ellis Apr. 29 – It gives me great pleasure to welcome readers of our Asia Briefing series of web sites, books and magazines to our new Russia Briefing site. Combined with our existing titles concerning China and India, this new initiative provides our readers with business news coverage and legal, tax[…..]

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    John Deere’s Looks to Service Russia’s Agiculture Revival

    Apr 28 – U.S.-based tractor maker John Deere officially opened its new manufacturing and parts distribution facility south of Moscow yesterday in Domodedovo. The Domodedovo facility is the company’s largest single investment to date in Russia and the first step of its plan to invest US$500 million in the country. The facility will manufacture agricultural,[…..]

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    Russia’s Economic Recovery Prompts Salary Renewal and New Jobs

    Apr. 28 – St. Petersburg’s private sector is showing some signs of recovery from the Global Economic Crisis. Companies have gradually started to renew revision of salaries with the average increase estimated at 10 percent, reports the Vedomosti newspaper. This month a British-American tobacco giant in St. Petersburg factory raised the salaries of 95 percent[…..]

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    Russia Returns to the International Bond Market

    Apr. 27 – After eight days spent on a road show in Asia, Europe and the United States, Russia has returned to the international bond market when it placed two tranches of sovereign Eurobonds of US$5.5 billion, from an expected 7 billion. It sold US$2 billion in five year bonds with 3.74 percent and US$3.5[…..]

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    Russia Amends Immigration Law to Stifle Migrant Trade

    Apr. 26 – The government has approved amendments in the law on legal status of foreigners and in the RF Code of Administrative Offenses which holds employers responsible for the migrant workers they bring in. If migrant workers or visitors do not have housing, money or cannot access medical aid, the inviting companies or individuals[…..]

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    Foreign Companies Working in Russia Sign Anti-Corruption Pact

    Apr. 22 – Members of the Russian-German Foreign Trade Chamber were slated to sign the document on Wednesday, but only 40 managed to do so, as some executives were stuck in airports across the globe because of the volcanic ash cloud from Iceland that grounded flights across Europe, said Michael Harms, chairman of the nonprofit[…..]

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