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Today in Russian Business – June 11, 2008

Norilsk Nickel posted a “surprise” 12% drop in 2007 net profit after writing off nearly $2 billion on the value of newly acquired mining and power assets. Read a Moscow Times transcript of an interview with Interros chairman Vladimir Potanin. Billionaire Suleiman Kerimov has sold his stakes in Sberbank and Gazprom. It is thought that he will sell all of his Russian assets and invest the proceeds into foreign financial institutions. Atomstroyexport, Russia’s state-run nuclear-reactor builder, said it is still in talks with China National Nuclear Corp. to sell two more reactors to China.