Issue 4473. Last Updated: 09/08/2010

Silvinit Sells Trader Stake, Merger Possible

Combined Reports
Silvinit has sold its 32 percent stake in trading firm International Potash Company, data on its web site showed Tuesday, in another sign that Russia's largest potash producer is headed for a merger with rival Uralkali.

China Loans $6Bln to Secure Coal

Combined Reports
China agreed last month to lend Russia about $6 billion in exchange for increased coal supplies over the next quarter century, the Russian Energy Ministry said in a statement Tuesday.

Nazarbayev Proposes Siberian River Diversion

Combined Reports
Kazakh President Nursultan Nazarbayev on Tuesday proposed the resurrection of a Soviet-era project to divert Siberian rivers southward to provide drinking water for drought-hit regions of Central Asia.

No Grain Import Increase

Bloomberg
The government on Tuesday raised its estimate for national grain stockpiles, making increased imports unnecessary, and said buckwheat was the only staple with a price that has climbed to a "critical" level.

Globaltrans H1 Profit Beats Forecast

Combined Reports
The country's largest private freight operator, Globaltrans Investment, said Tuesday that it more than doubled first-half profit, beating forecasts, as demand for goods transport increased in a rebounding economy.
M. Stulov / Vedomosti

Duma Sets Sights on Antitrust Law, Liquor

The State Duma opened its fall session Tuesday looking to pass economic legislation that clarifies tough anti-monopoly regulations and puts further pressure on the country's rampant alcohol consumption.





Foreign Money In, Khodorkovsky Still Out

Prime Minister Vladimir Putin insisted that Russia remained open to foreign investment in strategic sectors, accused jailed former Yukos CEO Mikhail Khodorkovsky of having “blood on his hands” and spoke of Washington and Beijing in uncharacteristically warm terms during a meeting with Russia experts.

Russia - France 2010 cover

Russia - France 2010

To coincide with President Sarkozy of France's visit to the St. Petersburg International Economic Forum, The Moscow Times is publishing a special edition of its Partnership XXI Century guides. Russia-France is dedicated to business relations between the two countries.

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Latest Amendments to Tax Legislation: A Brief Overview

Pepeliaev Group
Federal Law No. 229-FZ, dated July 27, 2010, introduced significant amendments to the tax legislation relating to the calculation and collection of taxes, which will affect most taxpayers. The majority of these amendments entered into force as of Sept. 2, 2010.
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