Gazprom's plan to build a 400-meter skyscraper in St. Petersburg is reportedly causing a
government split, with many ministers stepping up vocal opposition to the tower. Central Bank First Deputy Chairman Alexei Ulyukayev wants state-controlled companies and banks to
limit their foreign borrowing, as fears that lack of funds could drive pre-crash practices that could hamper the road to recovery. It is expected that the 2014 Winter Olympics in Sochi will
receive over $1 billion of sponsorship money, having reportedly raised $850 million thus far from just seven sponsors. Endemol, the television company behind Big Brother, has announced its first
third party distribution deal in Russia. Despite having received $853 million in emergency loans from the government and made heavy job and salary cuts, AvtoVAZ may be forced to
file for bankruptcy.
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