Issue Date: Sep 15, 2003
The Ministry for Protection of the Environment and Natural Resources of Russia has sold nine plots of wood in the Kaluzhsky region through an Internet auction. Apart from over 1,600 hits from Russia itself, the auction site had traffic from Ukraine, US, Germany, Bulgaria, Norway, United Arab Emirates, South Korea and Turkey, among others. The authorities hailed the event as a move towards the creation of a Russian electronic stock exchange for wood that will improve forestry management.
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Dear Saxena ji,
Thank you for inquiry.
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