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Today in Russian Business – May 16, 2012

Russia’s economy apparently manifested strong growth in the first quarter, at 4.9%, significantly surpassing forecasts‘But with the EU as its biggest export customer, Russia may not able to sustain this growth pace in the face of a possible eurozone-wide recession’, says the FT.   Opposition leader Alexei Navalny has apparently initiated an innovative new venture – a corruption-busting debit card; find out the details here.  An anti-poaching agreement to protect Far East crab populations will apparently be signed with Japan and China at the upcoming APEC summit.  The offices of consumer electronics and household appliances retailer Eldorado have been subject to a raid in an investigation into claims significant tax evasion, the Moscow Times reports.  The capital’s administration is looking for investors to redevelop landmark site Pushkin Square.