fbpx

Today in Russian Business – Nov 23, 2010

As part of China’s plan to make its currency more widely convertible, two major Chinese banks have started trading the ruble for the first time. One analyst says: ‘China is the flavor of the month.  Most people think it represents the future. China is choosing Russia.‘ Moscow is planning to sell Moscow Metrostroy, the 79-year-old company that built the city’s metro, ahead of Mayor Sergei Sobyanin’s plan to expand the network by 50km.