Burger King has arrived in Russia. RusAl’s Hong Kong IPO – the first of its kind for a Russian company – has raised $2.2 billion, a strong show of investor confidence. The cash will in part go towards clearing some of RusAl’s $16.8 billion debt, says Reuters. Poultry importers are looking for non-US suppliers, after talks failed to produce commitments to reopen US-Russian trade ties. Billionaire Mikhail Gutseriyev is plotting his (political?) return to Russia. State corporation Russian Technologies could sell $4 billion worth of assets this year. Sberbank says that the 20% of its loans – $1.2 billion worth – now overdue are the fault of fraud.
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