Today in Russian Business – Nov 9, 2010

The US’ Foreign Corrupt Practices Act has once again turned its attention to Russia with Swiss logistics company Panalpina accused of paying $7 million in bribes to officials between 2002 and 2007.  Clifford J Levy reports on the economy vs ecology battle in paper mill monograd Baikalsk.  In advance of the G20 summit, Russia has reiterated, albeit more gently, China’s concerns regarding the US’ capital influx drive into emerging markets.  Russian rail freight, which Reuters says is a barometer for general economic health, rose 6.7% in October from one year earlier.  Oleg Deripaska’s En+ Group has reportedly secured a $900 million loan from VTB Capital to complete the refinancing of its debt.  The global poultry business is apparently ‘agitated’ by comments from Gennady Onishchenko that Russia may ban all frozen chicken imports as of January 1, 2011.  Ria-Novosti reports that the government will spend a record $61.75 billion on defense next year, representing 19% of the 2011 federal budget.