Today in Russian Business – Feb 22, 2011

Bloomberg has an in-depth report on how debt-ridden magnate Oleg Deripaska has managed to turn his fortunes around.  HSBC Holdings Plc says it ‘remains committed’ to its business in Russia, after reports came in from Kommersant that Europe’s biggest bank might follow in the footsteps of Barclay’s and close its retail operations in the country.  Brewer Carlsberg has had a disappointing fourth quarter; Chief Executive Officer Joergen Rasmussen discusses the outlook for sales in Russia in a video interview here with Bloomberg.  Corporate transparency activist, lawyer and blogger Alexei Navalny has said that he intends to send an inquiry to the US authorities regarding Viktor Vekselberg’s role in the purchasing of a building on Ulitsa Krasnaya Presnya from Hungary which he then sold at a profit to the Russia government.  The Wall Street Journal takes a look at the upcoming Yandex listing on Nasdaq.  Techno-savvy investor Digital Sky Technologies Global will reportedly invest over $100 million in the European Internet music portal Spotify.  British-Swiss pharmaceutical giant AstraZeneca plans to invest $150 million in building its first plant in Russia, joining a number of other foreign drugmakers which have established local production.