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Today in Russian Business – July 4, 2011

Under a new degree signed by President Dmitry Medvedev, domestic companies will not be restricted from listing securities abroad.  The President also put Prime Minister Vladimir Putin in charge of privatization for state-owned companied through to 2015.  The government’s stake in Sovcomflot could raise $1 billion as part of privatization plans, which are currently estimated to be worth $33 billion in total.  France and Russia will introduce five-year multiple-entry visas by the end of the year.  China’s Ministry of Defense has signed a contract to buy $500 million worth of Russian aircraft engines.