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Today in Russian Business – July 9, 2008

On “raiders”, the standard Russian term used for people or groups who use their links to corrupt officials to seize businesses illegally. Russia’s credit card habits. Canadian miner Kinross Gold Corp launched a new gold processing plant in Russia’s Chukotka region. Vimpel Communications will invest $267 million in the Vietnamese mobile telephone joint venture GTEL-Mobile. Russia has cut the limit on the percent of a company’s share capital which can be floated abroad, down 5% to 30%.