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Today in Russian Business – Jan 5, 2011

Today Bloomberg offers us a video interview with astute social networking investor, Digital Sky chief Yuri Milner.  According to Reuters, Finnish forestry group UPM-Kymmene has denied a newspaper report that it intends to construct a $2 billion pulp mill in eastern Russia.  In December Russia’s inflation rate rose to the highest in 13 months as food costs increased and a surge in consumer demand encouraged price growth.  It has been confirmed that Russian President Dmitry Medvedev will participate in the World Economic Forum in Davos, Switzerland, at the end of this month.