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Vladimir Kuznetsov, Equity Analyst at UniCredit Securities.
The state is ready to sell stakes in 10 of the largest state-controlled companies and banks in 2011E-2013E, raising at least $30bn and partly covering the budget deficit, Reuters reports, quoting sources at the Finance Ministry. Prime Minister Vladimir Putin reportedly approved the idea in principle at the [...]

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By Chris Weafer, chief strategist at UralSib Capital
Asia’s equity markets are trading, on average, 1.0% lower in early afternoon trade after an initial steeper decline was moderated by a small bounce in the US equity Futures and a 1.0% gain for China’s Shanghai Index. That was because of measures announced to boost low income housing. [...]

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By Ivan Anderzhanov
The Moscow dollar-denominated stock exchange today marked its 15th anniversary.
We salute you for your unstinting professionalism and service to building Russia’s capital markets to what they are today !
A statement today from the venerable pillar of Russia’s financial system stated:. “Throughout these years the exchange has been developing and growing in line with the national economy to become [...]

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By Chris Weafer, Chief Strategist at UralSib Capital
Investors are becoming increasingly concerned that the government is leaning on companies to keep domestic prices low as it tries to keep inflation under its target and to stop the cost of materials from rising.
Tariff growth has been lower than expected, gas price liberalisation is [...]

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By Ivan Anderzhanov
Russia’s International Industrial Bank suffered the indignity yesterday of becoming the country’s first private bank default on an external debt in over a decade.
Owner Sergey Pugachyov was close to former President Yeltsin’s clan and was once seen to have had reasonably good ties with his successor Vladimir Putin. His [...]

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By Marcus Williams
Investment bank Troika Dialog has slashed it 2010 target for the RTS index 1,600 from 2,000 due to concerns over Russia’s dependence on oil prices and uncertainty over global economic growth.
The dollar-benchmarked RTS index is trading lower by 1.5 percent at 1333 as of 3pm today in Moscow.
Analysts [...]

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By Andrei Skvarsky
A Moscow legal group has claimed laywers for ‘murdered’ Hermitage Capital lawyer Sergei Magnitsky have been under persecution from criminal justice officials whom they accused of stealing $230m in budget funds.
In a letter to Prosecutor General Yury Chaika, the Moscow City Bar Association highlighted the actions by Artem [...]

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By Vladimir Osakovsky, Head of Macroeconomic Analysis and Research at UniCredit Securities
Topic: The Russian Ministry of Health and Social Development estimates that the state pension fund deficit would rise even more with a higher retirement age, Vedomosti reported.
Our view: According to the report, with the retirement age rising to 65 [...]

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