Millhouse Capital, which manages Roman Abramovich’s assets, has purchased 50% of European Bearing Corporation, the biggest bearing manufacturer in Russia.

Renault-Nissan Alliance has acquired the blocking shareholding (25% plus one share) of AvtoVaz, the Russian biggest car-manufacturer. The company reportedly paid $1 billion.

Nycomed, a European pharmaceutical company, plans to build a factory in Russia. The project is preliminary estimated at 50 million Euros.

Siemens AG will supply the first high speed train Velaro Rus to Russian Railways in December 2008.

Telsey, a leading provider of Access Gateway, IP STB and Home Networking solutions for the distribution of broadband interactive services on FTTx and xDSL networks, has opened its office in Moscow.

Eurocopter and Utair, a Russian air carrier, have signed an agreement on acquisition of EC 175 helicopters.

High River Gold, based in Toronto, Ontario, has acquired a license to develop the Chaya nickel deposit in Buryatia, South-Eastern Siberia. The cost of the license amounted to 260 million rubles (about 10.6 million dollars).

Russia and Serbia have agreed upon construction of South Stream gas pipeline to transit gas via the Serbian territory. The agreement was concluded on the 25th of February.

The world’s first Audi exclusive boutique has opened in St. Petersburg. From now on all willing will be able to pick up the interior finish of their Audi cars to their taste.

Russian gas monopolist Gazprom in cooperation with French Total and Norwegian StatoilHydro have jointly created a company to implement the first stage of development of the Shtokman gas and condensate field, the biggest in Russia.