NNRF Inc (NNRI)

[JellyDonut]

Russian business partners

In Bulgaria the Russians (AtomstroyExport Company) managed to sign the deals with the South Stream and the B-A pipelines. Moreover they agreed to construct a new thermonuclear station in Belene and the country is heavily depended on Russian energy in general.

In Hungary has acquired many stocks in gas companies and invests substantial amounts in the real estate.

Montenegro is awash with Russian capital in the estate and tourist sector

Serbia sold its national energy company and participates in the South Stream project (Northern Axis). The country is also leaning to Moscow due to the developments in Kosovo as well.

In Slovakia the gas distribution network company SPP (One of the largest in Europe), belongs to Gazprom (49%)

In Austria Gazprom recently 50% share of a similar distribution network, thus creating a natural gas web across Central Europe. Note that 35% of the largest German one belongs to Russian company and the 10% of the EADS Corporation.

Greece participates in the B-A & South Stream pipelines and made substantial procurements of Russian weaponry over the past few years. Cyprus is also one of the prime destinations of Russian investments.

Turkey imports 75% of its natural gas from Gazprom and receives 10% of its tourists from CIS countries. Large Turkish construction companies invest heavily in Russia also.