President Medvedev has announced a location for Russia’s answer to Silicon Valley; skepticism about the viability of such a project apparently abounds. Vimpelcom is back in business with a US GAAP profit of $283 million for the fourth quarter of 2009 compared with a loss of $816 million the previous year. How the BRIC nations are becoming the rich uncles to many a poorer nation. UniCredit SpA and six other banks have applied to help Russia start up a bank based on the post system. Truck maker KamAZ is looking for a Chinese partnership, says Bloomberg. Avtovaz will make Renault SA’s Logan sedan and Sandero compact at its main factory in Togliatti as of 2014. Sberbank’s net income fell 75% in 2010 whilst tackling bad loans. Transportation minister Igor Levitin is reportedly advocating a return to using separate funds for paying for roads, a practice he believed to be more efficient; the Finance Ministry begs to differ. A U.S. company is accused of illegally exporting defense technology used by the U.S. military to Russia and three other countries.