Venerable Oil Fields Require IngenuityThe engineer leaned back knee-deep in snow, straining against the taut elastic and released the unmanned drone into the western Siberian sky. |
U.S. Commerce Reshuffle Could Benefit RussiaThe U.S. Commercial Service is sending more trade officers to Russia as part of an effort to help American companies gain more business in fast-growing markets, as it reduces staff in slower-growing markets. |
Gazprom Reduces Export Target Due to Europe LullGazprom lowered a target for supplies to Europe this year after missing forecasts for 2011 on a slower than expected recovery. |
Central Bank Intervenes To Slow Ruble GrowthThe Central Bank is spending about $200 million a day buying foreign currency to slow the ruble's best start in at least 19 years, according to estimates by Citigroup, as a stronger currency helps spur record demand for the country's local bonds. |
7 Bids Expected on $21Bln Rail LinkSiemens and Samsung are among the European and Asian companies that may vie to build and operate a $21 billion rail link between Moscow and St. Petersburg before the 2018 World Cup football tournament. |
VTB Shares Down After Capped BuybackSecond-largest lender VTB Group suffered its worst losing streak in three months after saying it would cap a share buyback for investors that lost money in its 2007 initial public offering. |
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