Today in Russian Business – March 30, 2012

At the emerging markets summit, BRICS leaders have accused rich countries of jeopardizing the world economy through a lack of responsibility in their macroeconomic and financial policies.  Plans to boost trade in local currencies was one of the other issues discussed.  The World Bank President Robert Zoellick has argued that the BRICS might have problems creating their own equivalent of the organization, due to diverging interests.  Reuters has a useful round up of highlights from the summit declaration.  RFE/RL offers an interview with Russian foreign-policy expert Fyodor Lukyanov on how Russia’s involvement in the bloc fared under Medvedev and how this may change under Putin.  Bloomberg has a special report on how the President-elect plans to develop the mining industry in the Far East and eastern Siberia, a project which will require at least $425 billion of investment by 2030.  The Wall Street Journal reports back from the Dow Jones Compliance Symposium, where some executives from US companies have complained that despite anti-corruption promises, graft is still prevalent on a day-to-day basis in Russia.  Russian state-owned transport monopoly Russian Railways plans to place a $1 billion, 10-year dollar-denominated Eurobond at a yield of 5.7%.