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Today in Russian Business – June 15, 2010

An ex-lawyer for Yukos, Pavel Ivlev, who now leads the Committee for Russian Economic Freedom, has send an email warning to nearly 1000 foreign participants in the upcoming Economic Forum against having any illusions about doing business in Russia.  Bank-deposit growth this year may surpass last year’s record as people shun risky investments such as stocks and real estate, the Moscow Times reports.  South Korea’s Ssangyong Motor has agreed to supply Russian automaker Sollers with about 160,000 cars in a knock-down export deal through 2017.  Steelmaker Magnitogorsk Iron & Steel Works has forecast flat second-quarter production after it beat profit forecasts in the first three months of the year, buoyed by rises in output and prices recovering.  Harlequin, publishers of romantic novels, is set to expand in Russia.  Why French bank Societe General needs RussiaThis report says that the Russian government has started to build a bridge over Kamchatka River, which the region’s governor suggests could be ‘the construction project of the 21st century’.