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2011 April 26   13:53

Putin to talk trade, technology in Sweden, Denmark

Russian Prime Minister Vladimir Putin will discuss technology and Arctic energy resources when he visits Sweden and Denmark this week, a senior government official said on Monday, Reuters reports.

Yuri Ushakov, Putin's deputy chief of staff, told reporters that Russian gas major Gazprom  plans to sign a letter of intent with Danish state-owned DONG Energy on gas drilling in the Arctic during the visit.

Skolkovo foundation, which runs a fledgling high-tech hub at the heart of Russia's efforts to modernise its economy, plans to sign an agreement with mobile network gear maker Ericsson  on setting up a research centre in Russia, he said.

"The emphasis will be made on deepening cooperation in research-heavy, high technology sectors," the government said separately in a statement ahead of Putin's tour on April 26-27.

It named the biotech, pharmaceuticals and renewable energy industries among areas of possible partnership.

Sweden and Denmark have pleased Putin by granting approval to Russia's Nord Stream pipeline project, which is to bring Russian gas to Europe while bypassing transit countries.

In Denmark, Putin will visit the headquarters of shipping and oil group A.P. Moller-Maersk  , which last year launched Transatlantic service to St. Petersburg, and meet Danish business leaders.

Russia's richest man Vladimir Lisin, whose Novolipetsk Steel  controls DanSteel operation in Denmark, and Gazprom's CEO Alexei Miller will lead the Russian delegation to Denmark.

Tycoon Viktor Vekselberg, who chairs Skolkovo foundation, will lead the Russian business contingent to Sweden.

Sweden is the third-biggest investor in Russia's telecommunication and finance sectors while Sweden-based equity funds have substantial stakes in some of Russia's biggest firms.

Putin's visit to Sweden comes amid controversy surrounding Russian businessman Vladimir Antonov's bid to become shareholder in Sweden's troubled car-maker Saab, which ran into a cash crunch and stopped production earlier this year.

On previous visits Putin has accused European Union countries of bias against Russian investment.

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