Samsung eyes Russia

Seoul: Samsung Heavy Industries has signed a memorandum of understanding with a visiting Russian delegation on helping out modernising Russia’s shipbuilding industry, the company said.

SHI is going all out to woo Russian business. It intends to initiate cooperation with Gazprom in the Shtokman LNG project and in the Yamal Peninsula, the company’s director Jing-Wan Kim said in a meeting with Russian First Deputy Prime Minister Igor Sechin on Thursday.

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