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Today in Russian Business – June 19, 2008

Three unidentified Russian metals companies are hoping to announce a major investment worth more than $2 billion in Zambia next month. Current problems for farmers include lack of state regulation, the need for higher subsidies, and the cost of production. The owners of Chelyabinsk Pipe Works plan to spend $600 million building golf courses across Russia. The government is planning to set up a state agency to manage its sovereign wealth funds and make investment decisions.