Today in Russian Business

A lawyer for Swiss company Noga announced that the package of stock in the EADS aerospace corporation controlled by Vneshekonombank has been blocked by an enforcement order. Billionaire Mikhail Prokhorov, the co-owner of Norilsk Nickel, has accused the management of using the company’s resources in favor of one of its shareholders and called for a new board to be appointed. Kellogg announced it has purchased United Bakers Group, Russia’s biggest breakfast cereal maker, to take almost complete control of the local market. Russia’s stock market has been plunging this week, due to concerns about the US economy, but investors are holding onto their Russian stocks. The government has made ambitious predictions for the country’s nanotechnology sector.