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By John Helmer, Moscow Sergei Naryshkin (right image), the Kremlin chief of staff, who has been chairman of the board of Sovcomflot, the state-owned tanker operator, has been replaced by Ilya Klebanov (left), a former federal minister of industry, according to a Kremlin release last Friday, October 7. The appointment appears to have taken Sovcomflot […]

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By John Helmer, Moscow Alrosa, the Russian state diamond monopoly and world’s largest producer of rough, moved last week to resist price-cutting and discounting pressure across global diamond markets by announcing it will reduce its supply of rough for sale instead.