Today in Russian Business – May 12, 2010

Stocks and the ruble rose the most in four months yesterday as a bailout package for crisis-hit Greece appeared.  With Europe’s financial turbulence raging, Russia is, according to BusinessWeek, likely to receive a ‘massive’ influx of investor capital.  The FT’s Bric blog discusses first deputy prime minister Igor Shuvalov’s plans for ‘hot money’.  Kalmyk president Kirsan Ilyumzhanov’s is considering building a town just for Vietnamese immigrants.  Toyota Motor Corp., General Motors Co. and Nissan Motor Co. may suspend Russian production after the country’s Federal Customs Service modified the regulations for importing parts.  Oleg Deripaska’s EuroSibEnergo apparently saw sales increase by about 40% in the first quarter from the year-earlier period.  Diesel reportedly plans to open 30 stores in Russia by 2014.  Cyrillic domain names could make their first appearance on the Internet this week.  ‘I intend to give you plenty to cheer about’: Mikhail Prokhorov’s purchase of the New Jersey Nets has been approved by the NBA.