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Today in Russian Business – July 29, 2011

The BBC’s World Debate has gathered Oleg Deripaska and Hong Kong Treasury Secretary KC Chan, amongst others, in a program dedicated to Russia’s interest in developing its Far East and Chinese prospects.  Interpol has denied that Russia asked it to put Hermitage Capital founder William Browder on an international wanted list. Despite the efforts of men like Browder to deter investors from Russia, it would seem from articles like this that the country retains strong appeal, certainly among the BRICs.  ‘A strong equities market’ and  ‘a successful commodities play in the global markets’ are just two of the factors which make Russia an attractive investment destination, says Business Insider.  Concerns over privacy leaks would not appear to have dampened Yandex’s profits, with second-quarter revenue jumping 57% on higher ad sales.  According to Reuters, Arkady and Boris Rotenberg will buy 79.4% of fertilizer firm Minudobreniya, part-owned by Norway’s Yara International from Dmytro Firtash.  According to the Agriculture Minister, Russia loaded 1.5 million metric tons of grain for export from July 1, around a 30% increase on last year’s figure.