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Today in Russian Business – Jan 4, 2012

The ruble has made gains for the second day against the dollar as oil, Russia’s chief export, rose on speculation that sanctions against Iran would interfere with crude supplies.  Michel Danechi, a partner at Armajaro Asset Management suggests that if political reform is implemented in Russia, it will certainly be a bonus for investors, in a video interview with Bloomberg.  Pet supply website Zooplus AG (ZO1) apparently plans to expand in Russia and Turkey in 2012.