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Today in Russian Business – Nov 29, 2011

Prime Minister Vladimir Putin has told a meeting of the government’s commission on foreign investment that foreign direct investment in Russia reached $36 billion in the first 10 months of the year, an increase on last year’s total of $32.2 billion.  Businessman Viktor Baturin, the brother-in-law of former Moscow mayor Yury Luzhkov, has been detained on fraud charges in Moscow.  Recent polls have reportedly found that around 20% of Russians are considering leaving the country as corruption and low living standards create a mass brain drain.  Russian search engine Yandex NV has bought mobile software company SPB Software in an attempt to find partnerships with mobile firms.  The BBC has an overview of why Russia’s economy needs to reform.  The Jackson-Vanik amendment is unlikely to be repealed this year, but the United States will try to do it in 2012, says the Moscow Times.