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Today in Russian Business – Aug 2, 2010

Egypt has just agreed to import 180,000 tons of Russian wheat.  The news that Polyus Gold is suing the former owners of KazakhGold for $450 million ‘is likely to be alarming for investors holding its international shares,‘ says the Telegraph.  This FT Adviser report suggests that Russia’s economy has returned to pre-crisis levels ‘much more quickly than many investors thought‘. Yevgeny Chichvarkin discusses the ‘disease‘ of corruption, warns of the dangers of being a successful businessman in Russia, and explains his stance against bribery.  On VTB’s rise to the top: ‘VTB Capital has grown from nothing to become a leader in almost every market segment in Russia,‘ says the FT.  Oleg Deripaska’s RusAl will buy Interros Holding’s Norilsk Nickel stake, with Deripaska convinced that a board reshuffling and ‘competent management‘ could boost the latter’s market value.