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Today in Russian Business – July 7, 2010

Oleg Deripaska has told reporters that ousted Norilsk Nickel chairman Alexander Voloshin will be reinstated at the next meeting of the company’s investors, due to a government request.  Deripaska says the company will ‘fight to the death’ to prevent the installing of a CEO nominated by Interros.  Rusnano has said it will sponsor a $160 million project to develop medicines for cancer and AIDS in Russia.  Skolkovo has 375 hectares of state land, but it needs another 225: the Moscow Times looks at the innovation city’s high-flying neighbors.  Businessman Sergei Pugachyov will sell stakes in major shipyards to the state as part of efforts to restructure the $1.03 billion debts of his IIB bank.  Britain’s FSA has fined Sibir Energy’s former CEO Henry Cameron $529,000 for market abuse, after failing to disclose that the company had made a cash payment of $325 million to shareholder Shalva Chigirinsky.  Russian railways will launch an international tender for the construction of a high speed Moscow-St Petersburg link worth $32 billion.