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.