In a graphic illustration of the new world order, Arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading.In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.
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Agreement makes way for Cyprus' removal from Russia blacklist. On 7 October 2010 the Russian delegation led by President Medvedev signed with their respective Cyprus counterparts a Protocol to the Russia-Cyprus double tax treaty. The Protocol amends the existing Treaty which entered into force on 1 January 1998.
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Last autumn's global financial crisis set off an economic earthquake. And we are still feeling the tremors. The latest sign of the ground shifting beneath our feet is our report today of plans by Gulf states, China, Russia, France and Japan to end their practice of conducting oil deals in US dollars, switching instead to a diverse basket of currencies.
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Alexander Rogan, managing director of Priority Freight Limited, is familiar with the taste of doing business in Russia very well. Even in the times of the smog, which had been covering Moscow over a few weeks this summer, he was hardly working in the Russian capital, proving by this the thesis that logistics companies must be able to perform greatly in any conditions. He shares his views of the national transport system and local specific of operating a logistics business in the interview.
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“Russia is a bridge between Europe and Asia, and we can be interesting to the global world community only from this point of view. If we do not become such a bridge, Europe and Asia will contact by other ways ", Grigory Tomchin, a member of the Russian Federation Public chamber, the president of the All-Russia Association privatized and private enterprises (employers) is sure.
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An order of Ministry of Healthcare and social development from 28th of July 2010 No. 564N allowed foreign workers officially employed in Russia to work not only in the Region where they have obtained the permission.
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YAROSLAVL — In a rare show of openness, the Kremlin allowed outspoken Russian critics a voice at a state-sponsored two-day modernization conference that opened Thursday.
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Russia, its harvest ravaged by an extended drought, is holding far less in carry-over stocks of grain from last year than the government is reporting, analysts and traders said Thursday.
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VTB Capital and Otkritie are joining other Russian investment banks in Kiev. VTB Capital on Thursday announced that it will open an investment banking division in Ukraine, as it sees more deal making with the country after the election of a pro-Moscow president there.
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A delegation from Anglo-Australian mining giant Rio Tinto is visiting the facilities of one of Russia's largest potash miners Uralkali with a view to purchasing part of the firm, Vedomosti business newspaper said on Wednesday.
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127 companies within Association of European Businesses (AEB) acknowledge two main problems for doing business in Russia: bureaucracy and corruption, informs Vedomosti. The companies were interviewed by Droege & Comp for the AEB’s report on Strategy and Prospects.
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July 9, Russian federal agricultural agency banned the imports of animal products from 14 Finnish enterprises, informs Vedomsti failing to get a detailed feedback from the authorities on the ban.
Valio covers 14% of butter and 18% of processed cheese markets in Russia.
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Launched in 1996, ASEM is the only forum where Asian and European leaders, foreign ministers and other policymakers meet regularly to discuss common challenges. Despite frequent contacts, however, the Asia-Europe partnership has lost momentum.
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We may ‘love’ or ‘love to hate’ Russian domination of European energy supplies, but we have to live with it as a well established fact. Before the Gazprom-led consortium begins laying the foundation for a major new pipeline to pump Russian gas under the Baltic Sea directly to Western Europe it has to overcome objections from opponents who have won support from Sweden and are pitched against the customers for the gas in Denmark, France, Germany and the UK.
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Nowhere are the stakes as high for the future of the multi-billion dollar global gas market, than in the Shtokman gas field located deep within the Arctic Circle, about 550 kms offshore from Russia’s Kola Peninsula and near 330 meters below the surface of the Barents Sea.
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