Igor Artemyev News
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Russia may sell a controlling stake in telecommunications operator OAO Rostelecom for at least $5 billion as early as this year, said First Deputy Prime Minister Igor Shuvalov.
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Russia would gain effective control of the proposed merger of OAO GMK Norilsk Nickel, Evraz Group SA and other metals producers should it acquire a minority stake, the head of the Federal Antimonopoly Service’s said.
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Russia is taking legal action to block companies controlled by Iran from acquiring the strategic Astrakhan port on the Caspian Sea in violation of United Nations sanctions, the Russian competition watchdog chief said.
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Russia’s three biggest mobile-phone operators will cut roaming fees “voluntarily” after Prime Minister Vladimir Putin criticized companies for charging too much.
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Telenor ASA and Russian billionaire Mikhail Fridman’s Altimo may buy Viktor Pinchuk’s 6 percent stake in mobile-phone operator VimpelCom Ltd. jointly to reach parity, Vedomosti reported, citing Russia’s antitrust regulator.
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TNK-BP may be fined 1.8 billion rubles ($57 million) in the so-called third wave of cases into high fuel prices, Interfax reported, citing Igor Artemyev, the head of Russia’s Federal Anti-Monopoly Service.
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Russian equities dropped the most this month as oil declined on concern that the deadlock over the U.S. budget will threaten growth in the world’s biggest economy.
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Russia’s competition watchdog plans to fine four of the country’s largest oil producers for inflating diesel prices at the end of 2010 and beginning of 2011, RIA Novosti reported, citing Igor Artemyev, the head of the Federal Anti-Monopoly Service.
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Russian authorities are trying to settle a dispute with Telenor ASA by October involving the company’s purchase of a stake in VimpelCom Ltd., Vedomosti newspaper reported, citing Igor Artemyev, head of the Federal Anti-Monopoly Service.
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Russian equities gained for a third day after crude oil rose and consumer stocks increased as investors speculated retailers may be allowed to boost their market share in the regions.
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