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Today in Russian Business – Nov 4, 2011

President Medvedev, currently attending the G20 meeting in Cannes, has told a news conference that the BRIC nations are ready to help protect the euro and ‘preserve one of the world’s leading currencies’.  Medvedev has advised that aid to debt-laden Greece should be ‘targeted, clear and transparent’ and that other indebted countries should cut their spending immediately.  The President also affirmed that relations with China are at an ‘excellent level.’  UBS, the world’s third-biggest wealth manager, is looking to restore its presence in Russia, says Bloomberg.   Billionaire Roman Abramovich reveals just how steely one’s nerves have to be to enter into Russia’s aluminum industry.