fbpx

Today in Russian Business – May 26, 2011

Prime Minister Vladimir Putin has expressed concern over Russia’s dependence on foreign companies in ‘key industries‘.  Dairy farmer Dmitry Malov has been sentenced to five years in jail, apparently as a result of refusing to bow to F.S.B. pressure to sell his business cheaply to an unknown buyer.  The BBC also has a video report on the same story.  France may team up with Russia to create a €2 billion joint venture to promote tourism in the North Caucasus with hotels and resorts.  A Moscow Times opinion piece praises Yandex for achieving success ‘free of government interference‘: a rare thing in a business climate marred by red tape.  Putin is going after medium-sized businesses – for their support.