January 15, 2008 By Citizen M

Today in Russian Business

Russia’s VTB Bank says that Swiss trading company Noga has won a French court order against it to freeze company accounts. Moscow’s Foreign Ministry has issued a formal complaint to France as a result. A lawyer for the Bank of New York Mellon asked a Moscow court on Monday to dismiss a $22.5 billion money-laundering case against the bank “on a technicality.” Chrysler is the latest carmaker to express an interest in selling in Russia to cash in on its booming automobile market. Luxury armored cars made by Rolls Royce have seen a 50% jump in Russian sales. A new survey of Russian companies, taken by Deloitte, reveals that many firms are delaying company IPOs in order to leverage maximum media coverage.