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Renault may be about to learn the folly of buying into a Russian company with close ties to the Russian government instead of establishing a presence of their own. Renault recently took a 25% stake in Avtovaz and things have gone from bad to worse. Full Article at The Truth About Cars
Nov. 16 (Bloomberg) -- Russia raised its target for revenue from state asset sales next year to 100 billion rubles ($3.5 billion) as it seeks to overhaul decrepit infrastructure and finance the budget deficit, said First Deputy Prime Minister Igor... Full Article at Bloomberg.com
US Trade Representitive Ron Kirk (L) meets with Russian Deputy Prime Minister Igor Shuvalov on September 21, 2009 in Washington, DC. View Photo »
If the Renault-Nissan alliance wishes to increase its participation to the point where it takes control, Russia will not be against it
Despite French carmaker Renaults earlier statement that it will not invest any more money in AvtoVAZ, Deputy Prime Minister Igor Shuvalov was quoted by the press as saying on 10 November that the Russian government would consider any offer from Renault... Full Article at New Europe News
MOSCOW, November 10 (Itar-Tass) - The Russian government is ready to consider a large share of Renault-Nissan in Russia's AvtoVAZ car-maker, if it receives the relevant request, First Deputy Prime Minister Igor Shuvalov said after a session of the... Full Article at ITAR-TASS
MOSCOW—President Dmitry Medvedev said on Wednesday Russia's bid to join the World Trade Organisation had not been damaged by the complications of pursuing membership together with Kazakhstan and Belarus. Full Article at The Epoch Times
U.S. Trade Representative Ron Kirk, left, and Russia Deputy Prime Minister Igor Shuvalov, are seen before their meeting in Washington, Monday, Sept. 21, 2009. View Photo »
We assume that our active work to clear AvtoVAZ's debt and support its personnel, including by social support measures, should be reviewed together with the potential opportunities of Renault-Nissan as investor
MOSCOW - Russia is to embark on a new privatization drive, officials said Wednesday, in an apparent softening of the governments line on private ownership of key enterprises amid a severe budget shortfall. Full Article at Khaleej Times
Ambassador Kirk and First Deputy Prime Minister Shuvalov discussed Russia's ongoing efforts to join the World Trade Organization (WTO). Full Article at United States Trade Representative
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US Trade Representitive Ron Kirk (L) meets with Russian Deputy Prime Minister Igor Shuvalov on September 21, 2009 in Washington, DC.
View Photo »U.S. Trade Representative Ron Kirk, left, and Russia Deputy Prime Minister Igor Shuvalov, are seen before their meeting in Washington, Monday, Sept. 21, 2009.
View Photo »U.S. Trade Representative Ron Kirk, left, talks with Russia Deputy Prime Minister Igor Shuvalov, before their meeting in Washington, Monday, Sept. 21, 2009.
View Photo »U.S. Trade Representative Ron Kirk, left, poses with Russia Deputy Prime Minister Igor Shuvalov, before their meeting in Washington, Monday, Sept. 21, 2009.
View Photo »U.S. Trade Representative Ron Kirk, left, poses with Russia Deputy Prime Minister Igor Shuvalov, before their meeting in Washington, Monday, Sept. 21, 2009.
View Photo »Russian Prime Minister Vladimir Putin, left, and Deputy Prime Minister Igor Shuvalov, right, are seen during their meeting in Moscow, Wednesday, Sept. 16, 2009.
View Photo »Russian First Deputy Prime Minister Igor Shuvalov arrives for an interview with Reuters in Moscow, June 23, 2009.
View Photo »Russian First Deputy Prime Minister Igor Shuvalov speaks during an interview with Reuters in Moscow, June 23, 2009.
View Photo »Russian First Deputy Prime Minister Igor Shuvalov arrives for an interview with Reuters in Moscow, June 23, 2009.
View Photo »Russian President Dmitry Medvedev chairs a meeting with officials in the Gorki residence outside Moscow, Wednesday, June 10, 2009. Head of Federal Treasury Roman Artyukhin, second right, Finance Minister Alexei Kudrin, third right, First Deputy Prime Minister Igor Shuvalov, fourth right.
View Photo »Russian President Dmitry Medvedev (L) chairs a meeting on economic issues, as presidential advisor Arkady Dvorkovich (R) and First Deputy Prime Minister Igor Shuvalov listen at the presidential residence in Gorki outside Moscow June 3, 2009.
View Photo »Russian President Dmitry Medvedev, left, chairs a meeting on economy at his Gorki residence outside Moscow, Wednesday, June 3, 2009, with his economic adviser Arkady Dvorkovich, 3rd right, and Deputy Prime Minister Igor Shuvalov, 4th right. Others are unidentified.
View Photo »Russian President Dmitry Medvedev, left, gestures at a meeting on economy at his Gorki residence outside Moscow, Wednesday, June 3, 2009, with his economic adviser Arkady Dvorkovich, right, and Deputy Prime Minister Igor Shuvalov, 2nd right.
View Photo »Russian President Dmitry Medvedev, right, speaks to Deputy Prime Minister Igor Shuvalov during a meeting with business leaders in his residence in Barvikha outside Moscow, Tuesday, May 26, 2009.
View Photo »Russian President Dmitry Medvedev, right, speaks to Deputy Prime Minister Igor Shuvalov during a meeting with business leaders in his residence in Barvikha outside Moscow, Tuesday, May 26, 2009.
View Photo »Russian Prime Minister Vladimir Putin, right, and his first deputy Igor Shuvalov, left, speak before a meeting chaired by President Dmitry Medvedev, not seen, in the Moscow Kremlin on Monday, Feb. 9, 2009.
View Photo »Russian Prime Minister Vladimir Putin (R) and Deputy Prime Minister Igor Shuvalov (L) attend a meeting on the economy with high-ranking officials in Moscow on February 9, 2009.
View Photo »Russia's First Deputy Prime Minister Igor Shuvalov attends the Eurasian Economic Community (EurAsEC) session in Moscow's Kremlin February 4, 2009.
View Photo »Russian Prime Minister Vladimir Putin seen during a meeting with his First Deputy Igor Shuvalov, not seen, Moscow, Saturday, Dec. 20, 2008.
View Photo »U.S. Trade Representative Ron Kirk, left, and Russia Deputy Prime Minister Igor Shuvalov, are seen before their meeting in Washington, Monday, Sept. 21, 2009.
View Photo »If the Renault-Nissan alliance wishes to increase its participation to the point where it takes control, Russia will not be against it
We assume that our active work to clear AvtoVAZ's debt and support its personnel, including by social support measures, should be reviewed together with the potential opportunities of Renault-Nissan as investor
If there's a proposal from Renault, we're ready to seriously consider it
The volume of the investment will be specified following discussion of the plans for AvtoVAZ's development and corresponding valuation
The main thing is that Renault has confirmed its strategic interest in the development of AvtoVAZ and believes that the acquisition of 25 percent plus one share was a strategically correct and justified decision
The most important thing is that Renault has confirmed strategic interest in the development of Avtovaz, including transferring the most advanced technologies
It is our principle that we should join (the WTO) as a single customs union
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