Today in Russian Business – Oct 6, 2011

Capital flight over the year looks set to increase from $36 billion to $50 billion, according to new forecasts from the Russian Economy Ministry.  Minister of Economic Development Elvira Nabiullina has some other negative predictions.  RFE/RL has a useful overview of the various trajectories for Russia’s economy now that Alexei Kudrin is (at least temporarily) off the scene.  Russia’s central bank apparently sold about $8 billion to shore up the domestic currency last month, the most since it stymied the ruble’s devaluation in January 2009.  Onexim, the holding company of Russian billionaire Mikhail Prokhorov, may sell its nearly 50% stake in power generator Quadra, says Reuters.   Find out here why Russia’s largest gold miner, Polyus Gold International, is not planning any mergers.  The insult-swapping between Boris Berezovksy and Roman Abramovich at London’s High Court continues.