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    Federal Financial Markets Service to Make the Issuing of Securities More Transparent

    Jul. 13 – The Russian Federal Financial Markets Service (FFMS) wants to make the issuing of securities more transparent, proposing that they work together with the Ministry of Economic Development and Trade (MEDT), to make companies release information about increasing number of vote voices supervised by each shareholder in addition to changes in stockholder’s shares.[…..]

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    Russia, Kazakhstan and Belarus Create Customs Union

    Jul. 9 – Russia, Kazakhstan and Belarus have reached an agreement creating a new Customs Union (CU)  starting this week that will put all three countries under one customs territory. The new Customs Code will simplify Russian-Kazakhstan border customs registration, though Customs control at the border will be remain until 2011. The three countries have[…..]

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    Russia Sells Uranium Shares to Kazakhstan

    Jul. 6 – Russia is selling 20 percent to 50 percent of its shares in the world’s largest uranium producer, Uralsk Electrochemical Industrial Complex (UEIC), to Kazakhstan in exchange for raw materials for the state-owned company. The deal was formalized and signed on Monday by the Russian state nuclear energy corporation Rosatom and the Kazakhstani[…..]

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    Ukraine to Place Ruble-Denominated Sovereign Bonds in Russia

    Jul. 5 – Ukraine is preparing to place ruble-denominated sovereign bonds on the Russian market, Russian Federation Minister of Finance Alexey Kudrin stated on an investment forum in Yalta. “The preparatory now work is going on,” he said. According to Kudrin, Russia’s second biggest bank, state-controlled VTB (Vneshtorgbank) may be involved in the issue. Ukrainian[…..]

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    Legal Precedent Complicates Foreign Investment in Strategic Sectors

    Jul. 1 – A court decision based on the law on foreign investments for strategic Russian companies may essentially complicate investor access to the market. The Commercial Court of Moscow City announced its decision on the Megafon cellular operator case on Tuesday; invalidating all positions of the agreement on establishing joint venture in which Russian[…..]

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    Sberbank to Involve Commercial Banks in Social Card System

    Jun. 30 – State-owned Savings Bank (Sberbank) made the first step in creating a system of universal electronic social cards, which will give Russian citizens access to future electronic state services, Kommersant-Kazan daily reports. Sberbank has registered open joint-stock company Universal Electronic Card which will operate the new system together with Uralsib bank and Ak[…..]

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    New Decree to End Federal Land Sales Monopoly

    Jun. 29 – Russian Prime Minister Vladimir Putin has issued a decree which allows several federal state unitary enterprises (FSUE) to operate with state-owned real estate. Decree No. 435 will effectively destroy the existing federal lands sales system monopoly, which was built by the head of the Housing Construction Development Assistance Fund (HCDAF) Alexander Braverman,[…..]

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    Russian Light Industry to Replace Foreign Manufacturing

    Jun. 28 – The illegal importation of light industry goods to Russia is falling from 60 percent to 40 percent, giving Russian sewing, textile and shoe manufacturers a good chance to take over the domestic market. Meanwhile, the situation might be complicated by new duties within the limits of the Russia, Belarus, and Kazakhstan Customs[…..]

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    Chinese Investors to Develop Russia’s Far East

    Jun. 25 – The advisory council for Russia’s Ministry of Regional Development approved eight projects from more than 200 joint projects planned for 2009-2018 in frontier regions of Russia and China. According to the list of investment projects published on the ministry’s web site, long term Russian-Chinese cooperation will start from the Chukotka region’s Beringovsky[…..]

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    Foreign Investors to Join in Regional Airport Modernization Projects

    Jun. 24 – The Kurumoch International Airport in Samara is excluded from the list of strategic enterprises and joint-stock companies included in President Dmitry Medvedev’s June 18 decree, the government of Samara said to the Russian media yesterday. Earlier this month President Dmitry Medvedev signed a decree reducing the number of strategic companies which enjoy[…..]

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