President Dmitry Medvedev has said in an interview with CNBC that Russia’s economy will shrink at least 6% this year and the structure of the economy is to blame. He also reiterated the need for ‘more reserve currencies’ to stablilize the financial system. He is expected to raise the idea of making the ruble the global reserve currency at an upcoming BRIC summit. The BBC features an interview with Russia’s richest man, Mikhail Prokhorov, who also answers questions from the public about the fortunes of oligarchs. Prime Minister Putin has attended the opening of a $200 million Nissan plant in St. Petersburg, which, marking a degree of investor confidence, will be able to produce 50,000 Teana sedans a year. A Russian fishing company has ordered $433 million worth of trawlers from the Norwegian shipbuilder, Bergen Group. Reuters analyses the story of the man behind GAZ, Oleg Deripaska. Rosselkhozbank could issue the first eurobond from the banking sector since the beginning of the financial crisis. VEB will sell $2 billion of bonds in its first debt issue.