RUSSIA EYES LOSS TO OTHERS IN C.I.S.

Russia may lose billions in foreign oil exploration and development dollars to other countries in the Commonwealth of Independent States. That could happen if it does not move quickly to curb administrative nitpicking, bureaucratic infighting, and deep seated official and civilian xenophobia. Such is the opinion of Moscow observers who predict that major western oil companies will shift their interest and funds elsewhere in the former Soviet Union if Russia continues to reject or delay

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