fbpx

Today in Russian Business – May 3, 2010

Moody’s has a sunny forecast for Russia’s economy in 2010, suggesting that GDP may increase by 4% as the global economy enjoys a rebound.  According to Bloomberg, Russia and China are apparently among the worst culprits for copyright infringement.  Deputy Finance Minister Dmitry Pankin has apparently said that Russia may decrease foreign borrowing plans by $13 billion this year and increase domestic debt sales by the same amount.  Japan is reportedly now on the list of top ten investors in Russia, having pumped more than $8 million into the country in 2009.  Deripaska’s aluminum giant Rusal has apparently announced plans to sell as much as $1 billion of bonds to refinance borrowings and decrease funding costs.  Russia’s consumer watchdog has accused Nestle of infringing sanitary rules on production, air pollution and worker safety in its local factories.