Today in Russian Business – May 5, 2010

According to the Moscow Times, Russia spent $11.97 billion from its oil wealth funds in April to shore up the budget deficit and fill in gaps in pensions.  Russian Technologies will reportedly not become an Aeroflot shareholder as part of plans to revamp the airline.  Sberbank plans to buy 81% in the Rusagro IPO in Moscow next week.  This article looks at the world of e-money legislation.   Lada sales jumped up 54% last month.  Turkish glass manufacturer Trakya Cam intends to invest a total of $325 million with French partner Saint Gobain in constructing glass manufacturing sites in RussiaBad news for the film industry.  As part of a drive to foment innovation, Russia plans to relax its visa requirements for highly-skilled workers.  The BBC has a report from inside Russia’s nanotechnology park in Dubna.   Keeping up with the times: Russia’s stock market has opened a Twitter account.