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Today in Russian Business – Feb 8, 2012

Indonesia will work together with Russian Railways on a $2.4 billion rail link in the East Kalimantan province, projected to be operative for transporting coal by 2017.  Polymetal has acquired the remaining 20% of AngloGold Ashanti for $20 million.  Billionaire Alexei Mordashov has been questioned on why he failed to make an offer to minority shareholders of Power Machines after obtaining more than 95% of the company’s stock.  VTB is to reform its pay structure to comply with international standards designed to eliminate excessive risk-taking – the first Russian financial institution to do so.