fbpx

Today in Russian Business – July 16, 2010

Skolkovo overseer and business mogul Viktor Vekselberg has apparently decided to postpone the IPO of his gold firm, Kamchatka Gold, until at least 2011.  According to ITAR-TASS, Siemens Company will create a research center on energy effectiveness and biology in the innovation hub.  Russian Technologies’s bid to increase its stake in Avtovaz to 29% by 2012 has been accepted by the carmaker’s three main shareholders.  Its French partner Renault has agreed to pump $305 million into the company to keep its stake above 25%.  The partnership will make up to 300,000 cars a year at a joint production facility in Russia’s Togliatti as of 2012.  Airbus has won an order worth over $2.5 billion to deliver A330 planes to state-run airline Aeroflot.  Transportation Minister Igor Levitin has told Boeing to speed up the delivery of 787 Dreamliners to the domestic airline in anticipation of high Sochi Olympics traffic.  Sukhoi apparently has plans to sign a ‘firm contract’ to sell 30 SuperJets to a Southeast Asian client.  RusAl has reignited its feud with Norilsk Nickel, accusing the metalmaker’s management of contravening federal law.