A walk through Moscow reveals the threats to Western companies of Iran-style sanctions on Russia: Renault cars fill the streets, Zara and Louis Vuitton shops pull in consumers and Carlsberg A/S brews the beer of choice.
Two members of the Pussy Riot punk group were freed today under an amnesty signed by President Vladimir Putin months shy of Russia’s first staging of the Winter Olympics and the women’s planned release from prison.
On a Sunday afternoon in January, Russian billionaire Oleg Deripaska gets ready to leave his sprawling mansion in Zhukovka, a wealthy suburb of Moscow where his neighbors include President Dmitry Medvedev and Prime Minister Vladimir Putin . His children, Pyotr, 9, and Marusia, 7, burst in the door, greet their father and run happily down the long hallway. His wife, Polina, who is publisher of the Russian edition of the magazine Hello!, prepares to welcome guests for a party celebrating the Russian Orthodox New Year, Bloomberg Markets magazine reports in its April issue.
OAO AvtoVAZ appointed Bo Andersson, a former top purchasing manager at General Motors Co., as chief executive officer, the first non-Russian to lead the maker of Lada cars as it deepens ties with the Renault-Nissan alliance.
OAO GAZ , the automaker controlled by billionaire Oleg Deripaska , aims to reach deals with General Motors Co . and Volkswagen AG by the end of next month to produce cars in Russia, GAZ Chief Executive Officer Bo Andersson said.