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Today in Russian Business – 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.