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Today in Russian Business

Russia’s display at Berlin’s International Green Week focuses on advanced technologies and new research and development in the agrarian sector. Russian-Chinese trade grew 44.3% year-on-year in 2007 to a record $48.16 billion. Shareholders of OOO Lenta, Russia’s third-biggest grocery chain, reinstated Sergei Yuschenko as chief executive officer after he was fired by the company’s founder, Oleg Zherebtsov. OAO Magnit, Russia’s second-largest supermarket chain, said sales rose 47% last year. VTB, Russia’s second-largest bank, is estimated to have earned up to 25% more profit last year than in 2006.