Russian Reports
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Whiz Kid Invents 'Talking' Walking Stick for the Blind (Video)

iKidBy Diana Kulchitskaya

MOSCOW, February 21, 2014 (TMT) -- While his classmates spent their free time playing football and other games, he made mechanical toys and did not leave his soldering iron for a moment.

His first real invention, at the age of nine, was a thermometer for visually impaired people. It vibrated several times to show the body temperature, making it easy for people with poor eyesight to measure their temperatures.

Read more... Friday, 21 February 2014 10:33
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Officials See $7Bln Price Tag for Post-Olympic Sochi Maintenance

SOCHI, February 14, 2014 (Bloomberg) -- The record cost of President Vladimir Putin's Winter Olympics will keep climbing long after the athletes have gone home and the flame goes out in Sochi.

Russia, which is already spending 1.53 trillion rubles ($44 billion) to host its first Winter Games, may have to spend as much as $7 billion more in the next three years just to maintain the venues and other new infrastructure around Sochi, two officials involved in the planning said. That is about what Canada spent in total on the Vancouver Olympics in 2010.

Read more... Friday, 14 February 2014 12:44
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Russian bureaucrats may have to use cheaper cars, possibly domestic brands

By ITAR-TASS World Service Writer Lyudmila Alexandrova

MOSCOW, January 13, 2014 (Itar-Tass) -- An expert working group has suggested that the Russian government should consider setting a limit to the value of service cars used by officials. The matter of officials having at their disposal less prestigious foreign made cars or even cars of domestic makes, the matter sensitive to the bureaucrats, has not yet been settled. And this despite the fact that representatives of the opposition parliamentary parties and of the ruling United Russia party, and not just oppositionists, first of all Aleksei Navalny, who declare for setting the limit to the value of automobiles for civil servants.

Read more... Monday, 13 January 2014 17:16
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Deal on Forgiving $32Bln Cuban Debt to U.S.S.R. Signed

2_CubaHAVANA, Cuba, December 12, 2013 (Reuters) — Russia and Cuba have quietly signed an agreement to write off 90 percent of Cuba's $32 billion debt to the defunct Soviet Union, a deal that ends a 20-year squabble and opens the way for more investment and trade, Russian and European diplomats said.

Read more... Thursday, 12 December 2013 16:22
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Russia: Shifting the Focus from Europe to Asia

By Fyodor Lukyanov*

MOSCOW, December 03, 2013 (Ria Novosti) -- Some crucial changes can pass almost unnoticed, as happened earlier this month, when it was decided to put off the EU-Russia summit from December to the end of January, or possibly even later.

A few years back, relations with the EU were a top priority for Russia. Beyond the undoubted historical and cultural links, Europe accounts for over a half of Russia’s trade and offers solutions for modernizing the country.

Read more... Tuesday, 03 December 2013 09:33
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Putin Builds Hydrocarbon Infrastructure With South Korea in Seoul

imKoRusBy Alexander Panin

MOSCOW, November 14, 2013 (TMT) -- President Vladimir Putin and his South Korean counterpart Park Geun-hye presided over the signing of numerous deals in Seoul on Wednesday, as Russia strives to swell its significance as a trading partner for the Pacific Rim countries.

Read more... Thursday, 14 November 2013 20:14
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Moscow Strives to Make Itself a Global Financial Center

iDyeKremlinBy Alexander Panin

MOSCOW, November 13, 2013 (TMT) -- Moscow is going full-out to transform itself into an international financial center, building business centers and overhauling its regulations to present an open face to investors, but the city's hopes are undermined by the lack of a skilled workforce to do the job, foreign financial advisors said Tuesday.

Read more... Wednesday, 13 November 2013 20:11
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World Economic Forum Gathers Leaders to Reignite Russia's Economy

iCarBy Anatoly Medetsky

MOSCOW, October 19, 2013 (TMT) -- Kaluga shines so brightly in the regional investment firmament that it has regularly drawn cheers from President Vladimir Putin and various economists. Some of the reasons why the region, 160 kilometers southwest of Moscow, is leading the way as a target for new business ventures include the decision by Governor Anatoly Artamonov to share his mobile number with prospective investors, and a simplified process for obtaining construction permits.

Read more... Saturday, 19 October 2013 19:01

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