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Today in Russian Business – June 28, 2011

The government hopes to raise $45 billion from its second round of privatization, which could include Aeroflot, says Finance Minister Alexei Kudrin, an interview with whom has just been published in the New York Times.  Satellite systems could be employed to ensure that rubbish trucks don’t end up at illegal landfill sites.  Eleven Russian companies have made the FT Global 500 index.  ‘[T]he main beneficiaries of Russia’s GDP growth are government bureaucrats and their corrupt clienteles, not the middle class in the private sector, which remains small and weak.‘  PhosAgro has set its price range for its London and Moscow IPOs, valuing itself at $4.8-6.1 billion.  Agricultural holding Valinor is also planning an IPO, in this case in Warsaw, of an expected $200-300 million.  The grain export ban will be lifted this week.  London-based art consultancy Art Market Research is planning to offer services in Russia to capitalise on growing investment interest in art.