Russia to auction gold, silver license in Bashkortostan
The Bashkortostan division of Russia’s Federal Mineral Resources Agency plans to auction a license to explore and develop the Uvaryazhskaya area on July 26 at a starting price of 37.5 million rubles.
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Customs Union approves easier telecommunications equipment imports
The Eurasian Economic Commission has approved easing imports of telecommunications equipment, including mobile base stations supporting the GSM and IMT-MC-450 standards, to the Customs Union of Russia, Belarus, and Kazakhstan, the Eurasian Economic Commission said.
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Russia needs to reconsider incremental revenue tax for oil firms
Russia needs to reconsider the introduction of an incremental revenue tax for the oil sector to prevent a decrease in output, Energy Minister Alexander Novak said.
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Russia plans 200 bln rbl anti-crisis support for companies in ‘13
Russia’s Finance Minister Anton Siluanov has not ruled out the possibility that the government may reserve over 200 billion rubles from the 2013 budget to provide anti-crisis support for companies.
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Sollers-Isuzu resumes truck production in Russia’s Ulyanovsk
Russian car maker Sollers and Japan’s Isuzu Motors Limited resumed production of N-series trucks at Ulyanovsk Automobile Plant (UAZ), UAZ said.
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Dell eyes 7% Russian personal computer market share in ‘12
Dell plans to boost its share of the Russian personal computer market to 7% from the current 5% by the end of 2012 by focusing more on the consumer segment, Dell’s general manager in charge of distribution in Russia and the CIS said.
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Norilsk Nickel to keep on talks to buy Asian Mineral Resources
Russian metals giant Norilsk Nickel intends to continue negotiating the acquisition of the company Asian Mineral Resources (AMR), which develops nickel deposits in Vietnam, Norilsk Nickel spokesperson said.
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Russian ruble falls further vs basket, CBR says intervenes
The Russian ruble, depressed by economic troubles in Europe, continued spiraling downward for a second week with its weighted average at the unified trading session losing 82.11 kopecks to 32.9173 per dollar, the MICEX-RTS exchange data showed.
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Russia’s manufacturing on the rise in May
Russia’s PMI – an indicator of business activity – had its best performance for over a year in May, while the euro zone suffered a sharp drop. Though this doesn't mean Russia’s economy is immune from global tendencies.
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Russia, Belarus Initial Nuclear Power Plant Construction Deal
Russia and Belarus have initialed a contract on the construction of a nuclear power plant in Belarus, the head of Russia’s state-owned nuclear energy corporation Rosatom, Sergei Kiriyenko said.
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Negotiator urges Russia to ratify WTO agreement by June 23
Russia’s chief negotiator of the World Trade Organization (WTO) urged Russian authorities to ratify the agreement on accession by June 23, which would otherwise impair the conditions of integration.
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Russia’s Sberbank to announce deal on Turkish market soon
Russia’ top lender Sberbank will announce a deal on Turkey’s banking market in the near future, Sberbank’s Deputy CEO Andrei Donskikh said.
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Russia’s Norilsk Nickel to buy Asian Mineral Resources
Russian metals giant Norilsk Nickel plans to acquire all outstanding shares of Asian Mineral Resources Limited (AMR), which operates in Vietnam, Norilsk Nickel said.
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Russia’s Kamaz to create research, development center in Skolkovo
Russian truck maker Kamaz has signed an agreement to create a research and development center in the innovation center Skolkovo, with the total cost of the project planned at 1.3 billion rubles until 2016, Kamaz CEO Sergei Kogogin said.
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Direct invests in Russia’s Yo-Auto production at 80 mln euros
Direct investments into the production of Russia’s Yo-Auto hybrid cars has exceeded 80 million euros, Yo-Auto CEO Andrei Biryukov said, adding that the construction site is being built on schedule.
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