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| Author: | Liuhto, K. |
| Title: | Russian gas and oil giants conquer markets in the West: Evidence on the internationalization of Gazprom and LUKoil |
| Journal: | Journal of East-West Business
2001 : VOL. 7:3, p. 31-72 |
| Index terms: | Foreign investment International trade Markets Petroleum industry Multinational companies Eastern Europe Russia Models USA |
| Language: | eng |
| Abstract: | Russian firms are not integrated to the global business world only through investments from the West to the East but also through investments from Russia to other countries. This article proves that some significant Russian corporations have already taken root in Western economies, including the U.S. market. The first wave of the Russian companies in the West increases the pressure to analyze them as potential partners or competitors. This article uses an REM model to describe the foreign operations of the two biggest Russian corporations, Gazprom and LUKoil. The fast-expanding activities of Russian firms abroad signify that new era in international business has begun on the eve of this millennium. |
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