Today in Russian Business – Oct 10, 2011

Russia Profile looks at Sberbank’s plans for overseas expansion, which include Turkey’s DenizBank and potential acquisitions in Poland.  Foreigners are cautious of opening franchises in Russia, apparently due to lack of economic stability and high interest rates.  The insults are flying as the court case between Boris Berezovsky and Roman Abramovich begins in London, watched eagerly by The Telegraph.  Adidas is expecting Russia to become one of its top three markets.  Truck maker Kamaz is finally posting profits.  Another day, another statement from Dmitry Medvedev lamenting the state of the investment climate.  Foreign Minister Sergei Lavrov insists that Iran has no legal grounds to receive damages over cancellation of an S-300 missile contract.