Today in Russian Business – Oct 11, 2011

Budget airline Avianova has stopped scheduling flights – RT looks at the ‘sudden disappearance of aviation fuel from the market’.  China Investment Corp is planning to team up with Russia’s Direct Investment Fund, injecting $1 billion into the planned joint $4 billion fund – it is unclear as yet what projects the fund will support.  It is thought that various business deals signed between the two countries during Vladimir Putin’s China visit could total $7 billion.  Kremlin aide Arkady Dvorkovich says that Russia will not support the European Commission’s plan to introduce a new tax on financial transactions in the EU.  Russia is ready to buy Spanish debt ‘in principle’, althoughnot without support from EU member states.  Could the roofs of Moscow’s apartment buildings become highways?  There will be no New Year’s holidays for the Russian stock exchanges this year.