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Austria’s S&T AG announces major Russian investment plan

The board of directors of Austrian IT-provider S&T AG has approved an investment plan which will see it pump tens of millions of euros into Russian companies in 2015. The plan was announced by S&T Vice-President Alexander Malshakov, responsible for the company’s business in Eastern Europe.

S&T AG plans to buy several Russian IT companies, in spite of the risks associated with the country’s complicated political and economic situation.

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