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Today in Russian Business – June 6, 2012

US business groups have argued that introducing Magnitsky sanctions, targeting officials involved in the death of the Hermitage lawyer, would hurt US exports.   In a video interview with Bloomberg, Kirill Dmitriev, chief executive officer of Russian Direct Investment Fund, talks about potential areas of cooperation with China, moving from ‘trade cooperation to trade investment’.  Forestry is, according to Reuters, one major area for partnership.  The CEO of mobile phone group Megafon has warned about unfavorable market conditions for IPOs.  VTB Capital is apparently planning to invest as much as $100 million in developing a Burger King fast food chain.  The Moscow Times considers the risks taken by Vladimir Ashurkov, formerly director of group portfolio management at Alfa Bank, one of opposition activist Alexei Navalny’s financial backers.