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Today in Russian Business – April 12, 2010

The Chairman of the Central Bank is undecided on an interest rate cut this month, although he gave the recovering economy an overall positive review.  Almaz-Antei, the Russian air defense manufacturer, has been ranked 18th on a global Top 100 list of defense firms, as compiled by the Stockholm International Peace Research Institute.  The ‘golden era‘ of Russian figure skating appears to be coming to an end after the Vancouver Olympics saw an unusual lack of medals for Russian skaters, with many blaming funding issues and expensive training schools for the slump.  Vladimir Putin wants regional heads to be more attentive to a government resolution on pharmaceutical price regulation.  Aluminum producer Rusal’s latest report showed a boost in profit thanks to improving metal demand, surprising results in light of 2008’s $6 billion loss.  The news prompted it to forecast increased output.  A 34% jump in the combined harvests of Australia and Russia over two years is creating the biggest wheat glut since 2002, says Bloomberg