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The Russian Defense Ministry plans to spend...

The Russian Defense Ministry plans to spend around 24 billion rubles ($790 million) on drills and exercises involving all braches of service, the chief of the General Staff said on Thursday.


Russia has started the construction of the...

Russia has started the construction of the fourth Borey-class strategic nuclear-powered submarine designed to carry the Bulava missile, a shipyard spokesman said on Monday.


Talks on the prohibition of tactical nuclear...

Talks on the prohibition of tactical nuclear weapons deployment in third countries should be the next step in arms control, the Russian foreign minister said on Friday.

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MOSCOW, December 1 (RIA Novosti) Russia...

are buying up foreign technology," he believes.

Vedomosti

Russian businesses hope for the best, prepare for the worst

Businesses are not afraid of a second wave of the economic crisis, but expect growth of markets and profits, according to a KPMG survey.

On the other hand, Russian business leaders do not see any particular reason for optimism: they are hoping for the best but preparing for the worst.

Growth in the United States and the BRIC countries (Brazil, Russia, India and China) led the global effort to claw back from the recession in the past few months. The same countries are bound to show rapid growth next year, according to a recent Markit Economics survey of 6,200 companies all over the world commissioned by KPMG.

Russia"s GDP contracted more seriously than in the other BRIC countries, but the country is expected to recover more rapidly, said Tony Thompson, head of Advisory Businesses for KPMG in Russia and the CIS. According

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