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By John Helmer in Moscow The Russian government has decided to underwrite the refinancing of pipemaker TMK’s loan portfolio with state repayment guarantees. TMK is controlled by Dmitry Pumpyansky (see right figure). A curt statement, issued Tuesday by Deputy Minister of Industry and Energy, Andrei Dementyev, said “the necessary papers are being processed by the […]

by John Helmer - Wednesday, November 11th, 2009
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By John Helmer in Moscow A flurry of sales and revenue claims posted on the Alrosa website have yet to be substantiated by the chief executive, Fyodor Andreyev, or his spokesman, Andrei Polyakov. Their silence four months into Andreyev’s term in office recalls the claims, issued in June and July by the former chief executive, […]

by John Helmer - Wednesday, November 11th, 2009
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