Today in Russian Business – July 29, 2010

Finance Minister Alexei Kudrin has spelled out Russia’s intent to sell $29 billion of its assets, ‘allaying investors fears about the transparency‘ of the plan.  The Kremlin has apparently earmarked $132 million for spending on the Skolkovo research center this year.  Yevroset founder, Yevgeny Chichvarkin, currently in London, talks to The Independent about why he can’t return to Russia.  RusAl wants Norilsk Nickel to disclose the results of a recent ballot to decide board members, in a bid ‘to end a battle for influence‘, says Bloomberg.  Oops, $5 million of state money supplied for the construction of a bridge over the River Volga was used ‘improperly‘, and that the project will cost $50 million more than expected ‘because of bad planning‘.  The price of wheat remains volatile in line with Russia’s ongoing extreme weather conditions.  Wine imports from Moldova may be banned as of tomorrow.  ‘Unfortunately, for both Moldovan and Russian entrepreneurs, for sellers and for buyers, freedom to trade wine has become a privilege permitted or restricted by the Russian government, for political reasons.‘