Today in Russian Business

Sberbank, Russia’s largest state-controlled bank, has started actively buying shares on the market. An embargo on travel and trade between Georgia and Russia that has lasted almost 16 months could end as early as this month. The flagship Moscow store of Finnish retailer Stockmann is under threat because of a legal dispute over its rental agreement. The Ford Motor Co will begin making the Mondeo at its plant in Vsevolozhsk, Leningrad Region, later this year. The income gap is growing in Russia, according to Rosstat, which shows a “16.8-fold gap between the richest 10 percent of the Russian population and the poorest 10 percent – the highest level in three years.”