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Ukraine Moves to Exclude Russia Companies From 3G Auction

Ukraine is seeking to prevent Russian companies including OAO Mobile TeleSystems from getting licenses to run 3G networks in a planned auction.

The move comes after President Petro Poroshenko yesterday signed legislation allowing restrictions on Russian businesses in Ukraine. The former Soviet republic passed the law as part of measures intended to punish Russia for allegedly supporting a rebellion in eastern Ukraine. Kremlin officials deny involvement in the conflict.