Un-declared imports and clandestine production accounted for about 70% of Russia's light industry market in 2005, the Industry and Energy Ministry said in a report to the government Thursday.
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International ratings agency Standard & Poor's announced Wednesday it had assigned its ruAA+ Russia national scale rating to state-run foreign trade bank Vneshtorgbank (VTB).
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The president of French car giant Renault said Wednesday his company was in talks on a possible cooperation deal with Russia's no.1 carmaker, AvtoVaz.
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On June 13, a delegation of the European Commission, headed by Free Trade Space and Neighbor Policy Department Head of Agricultural Directorate-General Nicola Verli
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EU energy ministers insisted on preserving member states' ability to determine their own policies and objectives on biomass and biofuels. A new R&D platform was launched to explore the further use of biofuels in Europe.
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Germany has agreed to accept 1.3 billion euros (about $1.7 bln) in early payment of the former Soviet debt to the Paris Club, a source at the G8 finance ministers meeting in St. Petersburg said Saturday.
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In 2006, turnover between Russia and Kazakhstan may exceed $10bn, Russian Industry and Energy Minister Viktor Khristenko announced at a news briefing following the meeting of co-chairs of the Kazakhstan-Russia intergovernmental committee on June 9
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Siemens will over one year supply Russian electronics concern Ruselprom with 3 million euros worth of variable frequency drives made by the German company under the Ruselprom brand,
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Europe's dependence on natural gas imports will increase to 80% by the year 2030 from the current 48%, the Dutch economic affairs minister said Monday.
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Russia's industry and energy minister will join delegates from throughout the world when the 23rd World Gas Conference opens in the Netherlands Monday.
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AvtoVAZ, Russia's leading carmaker, said Friday it had signed an agreement on technical cooperation for 2006-2010 with German company Bosch.
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Russian wines will become 30% more expensive in the near future after Russia banned wine imports from neighboring Georgia and Moldova, a senior industry official said Friday.
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