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Today's paper. Last Updated: 02/21/2012
Articles by Anatoly Medetsky
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U.S. Signals Rising Interest in Russian Trade

The U.S. Commercial Service has named three new leading areas of business in Russia for American export and investment.

RusHydro Joins the Chorus for Delayed Privatization

The chief of hydroelectric company RusHydro on Friday asked for a delay in this year's planned downsizing of the government's stake in the company, putting additional pressure on the Cabinet's liberals determined to reduce the state's role in the economy.

Q&A: Metro's Jeroen de Groot Feels at Home, Humbly

The parching heat wave of 2010 did a tremendous favor to Germany's Metro Cash & Carry, just as Jeroen de Groot was coming on board to lead the company's Russian operation.

Power Machines Acquires EMAlliance

The country's biggest producer of electricity-generating equipment, Power Machines, will step up its efforts to compete on foreign markets, as it completed a deal Tuesday to take over another energy-industry contractor.

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.

Agricultural Levies to Be Harmonized

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

Rallies Dim Business Hopes for Stability

A record turnout at the weekend's opposition rally prompted economists Monday to predict a longer period of political uncertainty for business and the chance of a runoff in the presidential election.

Farmers Get $645M Fuel Discount

A company half-owned by BP and several other major oil companies will sacrifice more profits to support farmers this year thanks to a Cabinet decree published Friday.

Q&A: Skrynnik Sets 7 Growth Records in Agriculture

There's much glitter in Agriculture Minister Yelena Skrynnik's reception area. Some of the sheen emanates from a gold-colored frame around a full-length mirror. More radiates from a nearby silvery imitation of an apple tree with shiny white fruit.

Pro-Putin Film Twists Foes' Words

Distinguished opposition leader Mikhail Kasyanov excoriated the government in a documentary aired Wednesday night on state-controlled Channel One.

Hints Emerge That 'Reset' Is Buoying U.S. Firms

In a possible sign of increased business activity amid the "reset" in U.S.-Russian ties, a U.S. government agency that assists U.S. companies enter and expand in Russia has seen an increase in demand over the past year.

Gazprom No Longer Profit Leader

Gazprom said Wednesday that it expects to rake in almost $40 billion in last year's profit, a big increase from 2010 but not enough to stop ExxonMobil from spurting into the lead again as the world's most profitable publicly traded energy company.

Tatarstan Backing New Clean Technology Fund

A fund that will rely heavily on Russian money to invest in clean technology has raised the planned 110 million euros ($145.3 million) in capital from its two founders as it prepares to announce its first deal later this year.

Putin Presses for More 'Full-Cycle' Farming

Prime Minister Vladimir Putin said Tuesday that the government should introduce incentives for an increase in dairy production as imports grow.

Politics Mixes in at Davos

Shuvalov's comments came after two public rallies in Moscow last month, the biggest in about two decades, which prompted President Dmitry Medvedev to introduce bills in a bid to loosen the Kremlin's grip on the political opposition. Some protesters, however, demanded more, including new elections of the State Duma.

Elected Governors To Benefit Investors

The pending bill reintroducing gubernatorial elections may loosen the top-down political system and inject a fair amount of rivalry among regional powerhouses, but it could be investors who gain from that future thaw.

E-Payments Lobby Formed

Visa, MasterCard and payment services provider Zolotaya Korona on Wednesday established a lobby group as the government steps up regulation of the electronic payments market.

Elections a Windfall for Electronics Manufacturers

Rallies against election fraud delivered an unforeseen bonus of at least $137 million to IT manufacturers such as Lenovo and Fujitsu, as the government moves full steam ahead to ensure online monitoring of the March presidential vote.

Zubkov to Head Up Financial Crimes Task Force

President Dmitry Medvedev ordered First Deputy Prime Minister Viktor Zubkov to create and head a task force to fight financial crime, including money-laundering.

Officers Seen Misrepresenting Income

Officers of the armed and security forces widely flout the law by doing business or cheating in their mandatory income statements.

Customs Rules Miss WTO Mark

The Federal Customs Service could have to change some of its internal regulations that bog down foreign trade, following Russia's accession to the WTO.

If State Builds It, Foreign Investors Will Come

As if tax relief isn't alluring enough, the government's Special Economic Zones now offers new services to net international firms. Investors no longer have to build their own facilities, but can ask the company to do it for them.

Russia in WTO: Pig Farmers Bracing For Changes in Trade

Russia's longest transition period to lower its import duties in compliance with WTO commitments will be for pork, but pig farmers don't feel protected.

Investors Upbeat About New Duma

United Russia won enough seats to usher government-sponsored bills through the State Duma, but the decline in popular support for the ruling party as revealed by Sunday's elections will likely have consequences that reach beyond law making.

Little Partying for Opposition, But Plenty of Work

With Yabloko expected to win less than 3 percent of Sunday's vote, there was little talk of election results at the liberal party's headquarters, and Yabloko leader Sergei Mitrokhin told The Moscow Times the atmosphere there was "business-like."

WTO Will Be Painless for Agriculture Sector

Russian farmers will not have to go on a painful fiscal diet under the accession terms that the World Trade Organization approved for the country.

Minsk Gets $2Bln Gas Discount

Gazprom on Friday agreed to slash its gas price for Belarus as the two neighbors prepare tomove their economies closer next year. Gazprom will charge Belarus $165.60 per 1,000 cubic meters of gas next year, down from $244 this quarter.

Pipeline to Carry 15% Of Output

Prime Minister Vladimir Putin has signed off on a plan to build a $3.6 billion Arctic pipeline to new oil fields that could produce a sizable share of Russia's output by the end of the decade.

Tax Structure Could Shift to Help Regions

Kremlin economic aide Arkady Dvorkovich proposed on Monday that the government consider introducing a sales tax to replace the backbone of federal finances, the value-added tax.

Customs Union Forming Closer Ties

Russia and its customs union partners, Belarus and Kazakhstan, on Friday signed a declaration seeking to reinstate even more of the bonds — possibly even a common currency — that snapped with the Soviet collapse.
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