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Today's paper. Last Updated: 02/10/2012

Business in Brief

Ford Union Leader Attacked



Alexei Etmanov, the head of a union at Ford's plant outside St. Petersburg, said Tuesday that he received a death threat over the weekend after warding off an attack by three assailants.

On Friday, three men attacked Etmanov on his way home from work, but he was able to escape after breaking free and opening fire with a pellet gun, he said, regional news agency Zaks.ru reported. The next day, he received a call threatening his life "if he keeps up his work," Etmanov said. (MT)




Rosneft Vs. Russneft



Rosneft filed a 5 billion ruble ($180 million) lawsuit against closely held oil producer Russneft.

Rosneft subsidiary Samaraneftegaz filed the suit Monday, citing an "economic dispute," the Moscow Arbitration Court said. Pavel Markov will be the judge presiding over the case, according to the web site. (Bloomberg)




Tatneft Exceeds Forecast



Tatneft said it produced more oil in October than it had previously forecast.

Tatneft produced 2.1 million metric tons of crude last month, 35,440 tons more than it expected, it said. The producer has extracted 21.6 million tons of oil so far this year, 75,429 tons more than in the first 10 months of 2007, the statement said. (Bloomberg)




Deripaska's Plant Downsizes



A Siberian pulp plant controlled by billionaire Oleg Deripaska is cutting 60 percent of its staff and maintaining an output freeze because of measures to reduce pollution of Lake Baikal.

The plant suspended cellulose production on Oct. 2, about a month after introducing a closed, internal drainage system that halts discharges into Baikal.

Continental Management is eliminating 1,377 out of 2,300 jobs at the plant in Baikalsk and will extend the output freeze until Feb. 10, it said Tuesday. (Bloomberg)




Gazprom-Ukraine Talks



Russia and Ukraine have made "significant progress" toward agreeing on a long-term contract for natural gas supplies, Gazprom said.

Ukraine, which gets most of its gas from Russia, must agree on a price for 2009 supplies to secure deliveries for domestic use and for Europe. (Bloomberg)




VSMPO Sees Orders Falling



VSMPO-Avisma, the world's biggest titanium producer, said orders may fall as much as 50 percent if business from Boeing and Airbus declines, Interfax reported.

VSMPO will hold talks with Boeing and Airbus this month, CEO Yevgeny Romanov said. It will seek to offset the drop in foreign orders by selling more in Russia, he said. (Bloomberg)




For the Record



UralPlatinum Holding, owned by billionaire Viktor Vekselberg and Mark Buzuk, discovered the country's biggest platinum deposit since the Soviet era, Kommersant said. (Bloomberg)

Russia's strategy to increase oil, gas, coal and electricity production through 2030 will cost about $2 trillion, Vedomosti reported. (Bloomberg)

Silvinit said its board recommended a dividend of 440 rubles ($16.11) a share for the first nine months of the year. (Bloomberg)

Norilsk Nickel bought $129 million of depositary receipts before a court order halted a buyback of its stock. (Bloomberg)

Also in Business

Putin Has Plethora of Business Ideas

President of state-controlled bank VTB Andrei Kostin on Thursday called for business to support the government ahead of next month's presidential election, hinting that entrepreneurs' participation in opposition protests could be hazardous to their health.

VTB Buyback Details Finalized

State-controlled bank VTB will buy back its stock from retail investors at the 2007 issue price of 13.6 kopeks per share over the next two months in a move aimed at preserving the reputation of the country's second-largest lender.

Agricultural Levies to Be Harmonized

After joining the World Trade Organization, Russia will have to start taxing some agricultural products that are now exempt.

Aeroflot Countering Bribery Allegations

Aeroflot said it will file a countersuit for slander and defamation against a U.S. tour company that has accused the airline of bribery and extortion.

Q&A: Yury Luzhkov Says He's a Completely Free Man

Immediately after Yury Luzhkov was dismissed from office, his friend and predecessor Gavriil Popov asked him to be dean of the International University in Moscow.

Ex-Cop Runs Bogus Drug Plant at Home

Investigators have uncovered a counterfeit drug factory, along with 20 million rubles ($670,000) worth of bogus pills, at the dacha of a former first deputy head of the Moscow metro police.




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