Today in Russian Business – Nov. 3, 2008

Economic crisis, what economic crisis? Montenegro is booming with suitcases full of Russian cash. Heck, 14 percent of the country’s GDP is controlled by Oleg Deripaska, but production at his aluminum plant might be reduced by 10 percent. At home, First Deputy Prime Minister Igor Shuvalov says Russian banks are sufficiently liquid for settlements and crediting, while the Audit Chamber will oversee Vneshekonombank’s $4.5 billion loan to United Company RusAl. He also promised Russia would prevent banks from using their emergency loans to sell rubles. One bright spot: the economic crisis has put corruption under the microscope.