By Citizen M | Published: September 9, 2010
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.