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Today in Russian Business – May 11, 2011

Oligarch-in-exile Boris Berezovsky has told the Moscow Times that President Medvedev’s ostensible efforts to wipe out legal nihilism have reaped little success, if the caseload of British courts is anything to go by.  Will the advent of digital banking in Russia do anything to improve regulation and minimize bureaucracy? wonders the Beyond Brics blog.  A survey by accountants Ernst & Young has found that Russia is the least desirable of the BRIC nations in terms of interest for global corporations.   According to Reuters, New Jersey Nets owner Mikhail Prokhorov plans to sell power asset TGK-4 and is discussing the prospect of a deal with up-and-comer Inter RAO.  The Financial Times has an interview with entrepreneurial restaurateur Arkady Novikov.  Debt-dodging agricultural company Razgulyai has become the first crop producer to sell bonds this year.  According to the Wall Street Journal, crop forecasters are confident that Russia will not experience a drought akin to that which imperiled grain supplies in 2010.  A hard knock for Russia’s privatization plans: state-controlled Russian Helicopters has postponed a $500 million London share flotation after failing to fill its order book.