A group of high-ranking bankers is suspected of laundering more than $65 million a month
. ‘Russia’s stock market is currently trading at a third below its historic valuation levels.
‘ Moscow’s City Hall is offering grants to help 200 residents
(out of an estimated 52,100 unemployed) start businesses. After ten years of legal wrangling, Soyuzmultifilm has won back the rights
to its Soviet cartoons. Moscow’s International Automobile show provides the perfect occasion to flood the internet with pictures of models and concept cars
, such as the new ‘assassin-proof
that can ‘withstand sniper fire
‘. The New York Times
reports on South Africa’s bid to join the BRICs, and an FT blog
looks at Russia’s position in the group. Ukraine says it will not limit
its grain exports. Krasnoyarsk is cracking down on bread and flour prices, introducing a two-week moratorium
on any increases. The Economic Development Ministry is attempting to control growth in the state sector by capping the value
of state firms’ possible acquisitions. The crackdown on Moldova
continues, with new limitations imposed on the number of companies that can export fruit and vegetables to Russia.