The flow of counterfeit goods to Russia from China could increase following the creation of a customs union between Russia, Belarus and Kazakhstan, a Russian customs official said on Thursday.
Gazprom Neft, the oil producing arm of Russian energy giant Gazprom, said on Wednesday its U.S. GAAP net profit decreased 35% year-on-year in 2009 to $3.01 billion.
Russia"s answer to Silicon Valley, being created from scratch near Moscow, should be given tax breaks for at least five years, the Russian billionaire coordinating the project said on Thursday.