COMMENT RUSSIA AIMS FOR FAVORABLE CLIMATE FOR JOINT VENTURES

Andrei A. Konoplyanik Deputy Minister Russian Federation Ministry for Fuel and Energy Moscow Nikolai N. Lisovsky Deputy Chairman Committee for Oil Industry Russian Federation Ministry for Fuel and Energy Moscow Unofficial estimates place potential investment by foreign firms in the Russian oil industry at $60-70 billion. Taking this into account, Russia must present a clear, long term strategy to potential investors. It must persuade them that the rather risky economic and political

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