Today in Russian Business – Dec 15, 2009

Exillon Energy has raised over $100 million in the first London stock market flotation by a Russian company since the financial crisis.  The Kremlin’s e-Government portal is to begin providing 74 priority electronic public services this month, in a measure apparently designed to help the government fight bribes.  Sistema could become a partner in the Kremlin’s possible acquisition of Germany’s Infineon.  Sberbank forecasts that it will be able to double its income per client within five years thanks to new technologies.  The central bank is to tighten the rules for collateral-free lending next year, which will exclude 70 banks from such loans, says Reuters. Renaissance Capital is to team up with Kotak, the Indian bank, to advise clients on cross-border investments and mergers and acquisitions in India, Africa, and the CIS.