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Today in Russian Business – April 21, 2008

Bank of Moscow, the bank controlled by the Moscow government, plans to raise as much as $380 million selling new shares to increase lending. “European wood prices are shooting up as Russia raises export tariffs.” As part of a global railway boom, analysts believe that at least $50 billion will be invested in Russia’s railways over the next five years. Following Vladimir Putin’s meeting with Silvio Berlusconi, it has emerged that Aeroflot could make a bid for troubled Italian airline Alitalia.