English translation: Academic and industry research institutes
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Explanation: This is not that simple, considering the differences between the Russian and Western educational and research institutions (systems). An Академический Институт is what would be an educational/research institution, dedicated to pure science. An Отраслевой Институт, on the other hand is an educational/research institution sponsored by and dedicated to a specific branch of industry, such as Paper and Pulp, Road and Bridge Construction, Aviation, etc.