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Today in Russian Business – May 15, 2012

Half of all registered violations of anti-monopoly laws can be blamed on officials, according to the Federal Anti-Monopoly Service.  Capital flight levels for April are estimated at $8 billion – ‘much more severe than we expected’.  Russia ran a budget surplus in April, and may end up running a surplus for the entire year, says acting Finance Minister Anton Siluanov.  Overall, economic growth looks to have slowed for a second running quarter.  Moscow plans to spend $33 billion to 2020 on extending its subway system. Two men who attempted to sell seats in the State Duma for €10 million each have been sentenced to five years in prison.  RusAl has posted an 84% profit drop for the first quarter due to falling prices.  Moscow City Hall is looking for a developer on a $669,000 tender to reconstruct Pushkin Square.