Today in Russian Business – June 17, 2011

One year on, how many promises made by President Dmitry Medvedev at the last St. Petersburg International Economic Forum have come to fruition?  Certainly not all, says this article.  At a round table at this year’s event, India and Russia announced plans to boost trade to $20 billion per year by 2015.  Find out who owns soon-to-be-listed fertilizer giant Phos-Agro here.  Negotiations over the Renault-Nissan alliance’s plan to take a majority stake in AvtoVAZ are apparently likely to rumble on for a few more months.  Billionaires Alexey Mordashov and Viktor Vekselberg have criticized the U.S. and European Union for delaying Russia’s bid to join the World Trade Organization, arguing that it reduces investor interest.  Cisco Systems Inc. has invested $1 billion in Russia’s Skolkovo project: Bloomberg has an interview with the company’s Vice President on its involvement in the Silicon Valley inspired initiative.  How Wall Street is being wooed by Russia.