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Today in Russian Business – May 14, 2010

The BBC has a video report on bribe culture in Russian businesses.  Have the (self-assembly) tables turned?: Ikea has apparently been accused of corruption in its Russian operations.  Legislation to crack down on corporate raiders, a target of Medvedev’s anti-graft initiative, will hit the state duma today.  RFE/RL suggests that agricultural subsidies may be the issue stalling Russia’s WTO bid.  The Economist has a special report on banking in emerging markets – a risky business?  Rusal may increase production this year as demand from Asia rebounds.  The aluminum giant is enjoying a first quarter profit with a rise in prices of metal for airplanes and packaging.  Severstal is facing a loss in the first quarter having reclassified the Lucchini Spa unit it holds in Italy.  Meanwhile the company has bought 16.5% of iron-ore developer Core Mining Ltd, and hopes to increase its share.  ‘A vast imbalance in Russia’s favour’ this article in the FT examines the new deals made with Turkey.