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Today in Russian Business – April 21, 2010

The recession is over, says Vladimir Putin, but economic crisis is not.  Putin’s announcement that $16 billion will be spent on healthcare may please voters but will rankle Finance Minister Alexei Kudrin, who opposes the tax hike that will make the boost possible, says the Moscow Times.  A Munich court has found two former Siemens executives guilty of breach of trust and abetting bribery in various countries including Russia. The news comes as 52 international companies working Russia sign an initiative, developed by the World Economic Forum, Transparency International and the Basel Institute on Governance, committing to a zero-tolerance policy on corrupt practices relating to business operations in Russia.  Yulia Latynina wants to know why Vladimir Putin threw his support behind Arbidol when ‘no genuine clinical trials of [the drug] have been conducted‘, and tracks the strange rise of the drug’s popularity.  Russia’s first eurobond in over a decade will likely be sold in two tranches of $3 billion each.  East Siberian Railways will take measures to ensure controls on the export of timber to China, after wagons attempted to pass 7,700 tons of unstated timber through customs in February and March.