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Novartis in Russia for the Long Term: CEO

2:30 AM ET Thu, 21 June 2012

"The way that we're approaching the Russian markets is that we're here for the long term. It's going to be bumpy at times but if you believe this is a fundamental market for the pharmaceutical sector, you have to be here," Joe Jimenez, Novartis CEO, told CNBC at the Saint Petersburg International Economic Forum (SPIEF).