| January 2012 |
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State companies will boost their investment in innovations by 60 percent next year to 1.5 trillion rubles ($50 billion), Prime Minister Vladimir Putin said on Monday.
Two new warships will be laid down for the Russian Navy, a Defense Ministry spokesman said on Monday.
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Singapore-based Olam International will invest $75 million in a 75 percent stake in the Russian Dairy Company, the Russian diary producer said on Monday.
The Sakhalin-II oil and gas project, which Gazprom is implementing with foreign partners on production-sharing terms off Russia’s Pacific Coast, will reach its full cost recovery in the first quarter of 2012, Energy Minister Sergei Shmatko said on Monday.
Russian media holding UTV, which owns Muz-TV channel, has filed a $1.8 million lawsuit with a Miami court, claiming losses from U.S.-based New Wave Entertainment over a canceled Moscow concert by popular singer Lady Gaga.
Russian grocery store chain Magnit posted a 20.24 percent annual increase in its 2011 net profit to 12.2 billion rubles ($387 million) to IFRS, Magnit said on Monday.
The government may cut its stakes in some state companies over the next few years, Russian Prime Minister Vladimir Putin said in an article published on his election website.
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