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Dec 31, 2002

From Russia... with love

Russia adapts best practice IR to attract western investors

The annual report of Saint Petersburg-based company Lenenergo is probably one of the most unusual annual reports ever produced in Russia. It's done in post-revolutionary Bolshevik constructivism, all brown and maroon with black and white photos of management posing in early-last-century business garb.Lenenergo grabs your attention with the Soviet propaganda-style images that other companies try hard to escape from, then presents the financial results of the $250 mn Russian utility according

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