China and Russia could start trading in rubles and yuan ‘within weeks
‘ in a bid to diminish dependence on the dollar in global trade, Bloomberg reports. ‘It makes sense for two large economies to exclude a third, overly dominant economy from their trading equation.
‘ The 2012 budget will earmark $7 billion for police reforms
, says Finance Minister Alexei Kudrin. RusAl has devoted an entire website
to its complaints against Norilsk Nickel in a bid to win minor shareholder support; Norilsk said that the site contained no ‘constructive criticism
‘. Car sales are up 51% on last month’s figures as consumers continue to use the government’s ‘cash-for-clunkers
‘ scheme, which Bloomberg says is costing $697 million
this year. ‘A number of foreign specialists in Russia are overpaid,
‘ suggests this analyst
, ‘simply because some companies see employing expats earning “big money” as fashionable.
‘ Strict curbs on tariffs will continue next year
, says Vladimir Putin, ‘to ease the financial burden on households and business
‘. Exports of sunflower seeds and oil may be banned
if refiners get their wish.