Russia: PepsiCo which last week struck a $3.8 billion (€2.87bn) deal to buy Russia’s Wimm-Bill-Dann, plans to expand further on the eastern European dairy market, including via acquisitions, a senior executive said.

A SEVERE storm broke a small Russian oil tanker in two off the Ukrainian port of Kerch yesterday, spilling up to 2,000 tonnes of fuel oil in what a Russian official said was an “environmental disaster”.