Today in Russian Business – June 7, 2012

Russian hackers have prompted the temporary deactivation of a number of LinkedIn accounts after leaking 6.5 million passwords from the business networking site.  President Putin has signed amendments to the 2012 budget considerably upping the projected oil price for this year to narrow the budget deficit.  The business world’s criminal mastermind Sergei Mavrodi explains the secrets of a Ponzi scheme to Bloomberg.   As Billionaire Alisher Usmanov relinquishes Facebook stock, he has also purchased the biggest private jet in Russia, a wide-body Airbus A340.  Reuters examines Russia’s pension reform problem.  According to preliminary data reported by Bloomberg, Russian capital outflows reached a net $46.5 billion in the first five months of the year.  Truck maker Kamaz apparently plans to launch its first production line within the European Union this year, in Lithuania, in an attempt to boost its Eastern European market share ten-fold.   The EU executive has warned that Russia will probably be contravening global trade rules when it joins the WTO this year.  The volume of black market mobile phones in Russia last year reached 18-20% of overall sales, says this report.