fbpx

Today in Russian Business – Feb 23, 2012

Russia’s top search engine, Yandex, has announced it has made a deal with Twitter which will allow it to show the full feed of all public posts from the popular micro-blogging site, which reaches up to 250 million a day.  Yandex apparently expects to see 40 to 45% revenue growth this year, which is a drop on last year’s 60% last year.  The Moscow Times considers Putin ‘s newly proposed tax on ‘prestigious consumption’.  Turning on the oligarchs through reprivatizations has ‘opened a can of worms‘ argues Anders Aslund in this op-ed.  The FT reports on how $150 million fraud allegedly attempted by a former fund manager at Threadneedle Asset Management has been linked back to Russian financial services group Otkritie.  Advertisers apparently spent a whopping $8.9 billion in Russia last year, 21% more than in 2010.