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Dvorkovich Urges Solution

NEW YORK — "Russia's investment climate is so bad now that it won't have an effect," President Dmitry Medvedev's economic adviser Arkady Dvorkovich said Tuesday of the dispute between BP and its partners in TNK-BP over the British explorer's planned share swap and Arctic project with Rosneft.

"Find a mutually acceptable solution," he said, when asked what advice the Kremlin has for the companies. BP's local billionaire partners have blocked the deal with a temporary injunction, saying it was in violation of their shareholders agreement.

(Bloomberg)

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