Today in Russian Business – Jan 6, 2011

Bloomberg reports that a reduction in Russia’s budget deficit which decreases the economy’s vulnerability to vicissitudes in oil prices and a drop in inflation could put ‘upward pressure‘ on its sovereign credit rating.  An intelligence report, cited by this article, probes how Digital Sky Technologies, which has just agreed with Goldman Sachs to invest $50 million in Facebook, ‘is the most prominent example of how Russian oligarchs close to the Kremlin have gained increasing control of the Russian Internet, particularly its social networking sites’.