Today in Russian Business – Feb 29, 2012

Despite reaching the share price that would ready it for a stake sale, Sberbank’s privatization continues to be delayed, amid hints that the election run-up and accompanying market jitters are the reason.  Despite a funding boost from VTB, tour company Lanta-Tur Voyage has ceased operations.  Moscow has unveiled plans to make a modernised version of the Kalashnikov.  Severstal is about to commence with a $2.28 billion share buyback in order to cancel 170 million shares.  Azerbaijan has raised its price for Russia’s lease of its Soviet-era anti-missile radar in Gabala.  Sistema is threatening to take legal action against the Indian government for revoking telecom licenses from its subsidiary SSTL.

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