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Today in Russian Business – April 24, 2012

Roza Khutor’s construction works for the 2014 Sochi Olympics are on hold after Vneshekonombank withheld $3.6 billion in promised loans.  The Finance Ministry has announced plans to contribute $10 billion to the IMF.  It looks increasingly unlikely that Sberbank’s 7.6% privatization will go ahead before the presidential inauguration next month. ‘[W]e didn’t want to show that we will hurry and scuttle around like lice,’ commented Deputy PM Igor Shuvalov.  This month has seen a spate of accidents in Moscow’s construction scene. ‘There are bribes in the construction industry, and sometimes some rules are broken.’  The Federation Council may pass a bill requiring tour operators to contribute to an emergency fund for clients stranded in foreign countries when their agencies go bust.  MegaFon has launched a high-speed 4G network, ahead of an ownership reshuffle that will hand control to Alisher Usmanov.  Krispy Kreme is set to open 40 outlets in Russia.  This Guardian writer loses her patience with Russian bureaucracy.  Mobile-phone operator MegaFon will pay its owners a $5.15 billion dividend and seek a London listing.  Russian hackers made $4.5 billion last year.  Sugar-beet sowers planted 11% less hectares than last year.