Today in Russian Business – Feb 22, 2012

What will come of Vladimir Putin’s suggestion to tax ‘prestigious consumption’?  The Prime Minister’s campaign pledges look set to raise government spending by $161 billion through to 2018.  Yandex has signed a deal with Twitter which will grant it access to all publicly posted tweets and make them available to appear in the search engine’s results (  This report looks at the role played by U.S. diplomatic offices in increasing U.S.-Russian trade to a current high of $43 billion for 2011.  January’s capital outflows are estimated at $11 billion – higher than last year’s monthly average.  The Finance Ministry’s plan to collect tax on pre-2013 corporate eurobonds has been scrapped.  Yulia Latynina on ‘untouchable’ bankers.  VTB Bank is planning to buy out minority shareholders at Bank of Moscow.  The bank is on a ‘hiring spree’, an indicator of its ‘global intent’.  Russia is attempting to secure buyers for its wheat exports in the Asia-Pacific region.  Google has unveiled a Moscow version of its Street View service.