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Austrian firm buys Ukraine telecoms giant
Ukraine's State Property fund says it has sold state telecommunications company Ukrtelecom for $1.3 billion to an Austrian investment firm.
Increase in oil revenue amid unrest in Arab world gives Russia some breathing room
With the price of oil climbing to more than $100 a barrel, Russia has a little more weight to throw around on the world stage, and it is doing just that.
US sanction on Russian firms illegal
Russian President Dmitry Medvedev has told US Vice President Joe Biden that unilateral sanctions against Russia's companies cooperating with the Islamic Republic are "unacceptable."
Biden, in Russia, turns to talk of trade
Vice President Biden told Russian President Dmitry Medvedev Wednesday that he had been around Washington so long he actually knew Sen. Henry Jackson and Rep. Charles Vanik, authors of a 1974 trade restriction law that is still an irritant in U.S.-Russian relations. It is high time to get rid of it, he said.
US vice president in talks with Russia's Putin
US Vice President Joe Biden was due Thursday to meet Russia's strongman Prime Minister Vladimir Putin and deliver a key-note address highlighting the accomplishments of the two sides' "reset" in ties.
Russia to warn US over missile defence system
Russia will on Wednesday warn US Vice President Joe Biden that it will beef up its own missile defences against the West if it is not made a full partner in a US-backed missile defence shield for Europe soon.
Lukoil to develop renewable energy projects in Bulgaria and Romania
Russia's oil giant Lukoil intends to develop wind and solar power plants in Bulgaria and Romania, Vasily Zubakin, deputy head of the company's main energy division, said as quoted by news agency Ria Novosti.
Ukraine searching for a place in Europe
In the upheaval following World War I and with revolution in the air across Europe, Ukraine followed the example of Poland and Finland to gain independence out of the ruins of imperial Russia.
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