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Today in Russian Business – July 11, 2011

According to its CEO, gold miner Polyus Gold is on track to complete its reverse takeover of UK-listed Kazakhgold, which will allow it to establish ‘one of the biggest gold mining companies‘.  A new Troika Dialog fund will allow local investors to buy shares in global companies.  Businessman Dmitry Kotlyarenko has been sentenced to three years in prison for a large-scale fraud that brought Moscow ‘to the brink of default‘.  Officials are planning to make Moscow a more attractive tourist destination by spending $1.25 million on an advertising campaign that will target key industry events abroad and foreign mass media.