Today in Russian Business – July 7, 2009
Source: http://www.robertamsterdam.com/2009/07/today_in_russian_business_-_july_7_2009.htmPosted on Tuesday, July 7th, 2009 | In Market Commentary, Russia
Accompanying Barack Obama to Moscow are US business chiefs: a joint venture between Boeing and VSMPO-Avisma, a Russian titanium producer, may be among the projects kick started. Businessweek reports on Russia-US relations in terms of investment. Putin says that Russia does not intend to extend the farm machinery tariffs that have been damaging to US manufacturers. An article in the Times suggests that ‘how well’ Russia has handled the financial crisis gives the Kremlin an advantage in their negotiations with Obama. Russia may base the 2010 budget on $55 oil, says Finance Minister Alexei Kudrin. Farmers will reportedly harvest 5.6% less grain this year than initially predicted. The CEO of Rushydro, Vasily Zubakin, plans to buy 1.95 million shares in the company this month. Putin has tried to give the car industry a boost by ordering that more loans be offered to those buying expensive models. Russian Railways plans to offer retail units to rent in stations throughout the country. Krasair Airlines has declared bankruptcy. A former worker for Goldman Sachs, Russian programmer Sergey Aleynikov, has been charged with ‘theft of trade secrets‘.
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![]() About Robert Amsterdam (http://www.robertamsterdam.com/)
Robert Amsterdam is a lawyer and an advocate for rule of law. His blog was created to express views which may stimulate debate and discussion on topics of international interest. Robert believes that we live in a world of unchallenged impunity, and he views his blog as merely a small attempt to shine a light on issues he views as important in countries with which he is engaged. He make no apologies or pretense of objectivity - he is merely stating his opinions. |





