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A long time ago, back in 1990 and 1991, there was talk of St Petersburg re-emerging as Russia’s de facto capital its pre-eminence rooted this time not in Tsarist edict, but in commerce and banking. Multinational companies such as Unilever and Gillette chose the imperial capital over Moscow as Russian headquarters. So did one of the first foreign banking operations set up in Russia, a joint venture between Dresdner Bank and Crédit Lyonnais. The case for St Petersburg was based on its proximity to Europe, port facilities, and a local culture supposedly more cosmopolitan and liberal than Moscow’s. |
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