By Citizen M | Published: April 13, 2011
Russia’s top four telecoms companies (Rostelecom, MTS, VimpelCom and MegaFon) have
formed a consortium to work on the creation of a 4G network. President Dmitry Medvedev’s trip to China, which began today, will see him ‘
try to make China a source of investment and technology, not just a vacuum cleaner for Russian resources.‘
Medvedev’s new deadline for Putin’s ousting of ministers from company boards is July 1, as a Kremlin adviser wonders whether replacing the 17 members will ‘
affect the quality of management‘. The reforms ‘
are set to be a real test of Medvedev’s real strength‘, writes
Sergei Guriev. Russian borrowers are fearing that Japan’s ongoing crisis
may cause premiums to rise, and as such, are ‘
tapping the debt market‘ before their fears are confirmed. Russia is ‘
hemorrhaging billions of dollars in net capital outflows each month,‘ says
Reuters. State-owned Russian Helicopters is planning a $500 million London/Moscow IPO, with analysts
anticipating high interest due to this being Russia’s first listing of a defense asset. Andrei Borodin has been removed from his Bank of Moscow position by a court, and
replaced with VTB exec Mikhail Kuzovlyov.