Word: vyborg
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Good foundations for foreign investments are hard to come by in Russia these days, at least according to recent headlines that lend new meaning to the term hostile takeover. From Vyborg to Vladivostok, court fights over shareholders' rights have even led to bloody clashes between riot troops and local workers. "If you want to empty a boardroom on Wall Street," quips an American investment banker in Moscow, "just say the word Russia." For too many foreigners, investing in Russia has proved to be tortuous and hugely expensive. Just ask the folks at BP Amoco. Last fall the company nearly...
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