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service that enables its users to send and read short messages. Russia"s Federal Anti-trust Service (FAS) and Federal Financial Markets Service (FFMS) have already mastered the art of using this resource. President Dmitry Medvedev will possibly be the third to use it.

FFMS director Vladimir Milovidov recently announced that the regulator started posting news on Twitter. The account has been registered and the first tweet delivered, he said.

FFMS is the second Russian federal agency represented on Twitter; the FAS was the first to register. "We want our information to be easily accessible and readily available, so we decided to experiment [with Twitter]," a FAS spokesman said.

Twitter is more than a social networking website, as large corporations are represented there as well, Milovidov told Vedomosti daily. He cited the U.S. SEC page on Twitter, adding that the resource helps reach target audiences. Traders will stop relying on rumors if they have an

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