Indeed they are. The delegation came last month to publicize the tender of the first Russian public-private partnership (PPP) deal set to come to market. The project is a highway cutting through St Petersburg, the Western High Speed Diameter (WHSD), which is designed to improve access to Russia’s most important port.
Reduced stake
On the surface it would appear that the timing could not have been worse. A day after the event, the Russian government’s strong-arming of Shell into reducing its stake in the Sakhalin-2 liquefied gas project hit the front pages of the national press.
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