Today in Russian Business – Nov 26, 2008

The government has published its strategic plan for economic development until 2012, which supposedly ‘puts human capital and the Russian citizen at the forefront‘.  In an attempt to implement its ‘aggressive‘ three-year plan to attract Russian investors, South Korea has offered to grant them a five-year corporate and income tax exemption and remove customs duties on capital goods for three years.  Oleg Deripaska and Vladimir Potanin have ended their seven-month shareholder feud, agreeing to cooperate in choosing a new board of directors for Norilsk Nickel.  The company has received a $358.9 million, 10-year loan from a group of foreign banks.  Read an obituary for Boris Fyodorov, the Russian economist who died last week.