It is looking likely that Russia and the EU will sign a document on the former’s accession to the WTO
next week. RusAl has appointed Sberbank and VTB Capital to help it with a listing of depositary receipts
. (Sourceless) reports suggest that China wants Russia’s cooperation
in setting up a $10 billion development bank. Renaissance Capital are not pleased about Russia’s current sovereign bond rating
: ‘It is quite intriguing to see that countries like Ireland are still rated above Russia […] Even the most perfunctory comparison of these two countries makes it clear that Russia is nowhere near default, while Ireland is going to be lucky to avoid it.
‘ Foreigners have been banned from working as salespeople
at Russia’s marketplaces and retail outlets.