See this article, from ESPN (via Reuters). The long and short of it is that the Russians, after having ratified the trade agreement (actually, their executive board ratified it), can't get their member clubs to sign off on it. This put Malkin's arrival this season in jeopardy, along with the potential to disallow Russian NHL players from playing in the world championships next May (when they're held in Russia).
It's not a good day for the Pens - they're going to have to find another route to get Malkin over here, and with a minimum of trouble.
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