20-year-old student Alexander P’yanzin is accused of “public calls to terrorist activity” and may be sentenced to 4 years of imprisonment.

JV Business Car, a Russian subsidiary and the official dealer of Toyota Motor Corp., plans to put $500 million into construction of a 200 thousand square-meter business park in the south of Moscow.

Russian Railways Company has won a tender for construction of a railway in Saudi Arabia. In the course of construction works the Russian company will build over 600 pipe-culverts, 8 railroad bridges and 20 passages for camels.

Now rich Russian businessmen don’t have to pass a difficult exam in English to receive a residence permit in the United Kingdom, instead of this they must provide information on at least 1 million pounds on their bank accounts (about $2 million).

Last year Russians bought 70% more Rolls-Royce cars than in 2006, which makes Russia the Europe’s biggest sales outlet for Rolls-Royce.

Hino Motors, a Japanese manufacturer of trucks, buses and other vehicles, plans to open an assembly works to produce trucks in Russia. The agreement was signed by Hino and Technoholding Sumotori, basing in Vladivostok.

In the course of the earlier made offer to acquire American Claymont Steel, the shareholders of the company said they are prepared to sell 93.4% of the company’s stock.

American Kellogg Company, the world’s biggest producer of breakfast foods and snacks, announced it has acquired the United Bakers Group, one of the Russia’s leading biscuit, cracker and cereal breakfast manufacturers.

Etirc fund has acquired a large shareholding in Eclipse Aviation based in the USA and now plans to partially move assembly of light jets to Russia.

Russian gas giant Gazprom has come out to be fourth by market capitalization in the world – $354.6 billion.