Today in Russian Business – Nov 5, 2008

Speculation that Barack Obama’s presidency will boost the country’s relations with the US has helped Russian stocks to rally for their sixth day in a row. Vneshekonombank is to act as an agent for $6.41 billion of National Welfare Fund money as part of the government’s economy rescue plan. British-Russian miner Aricom is fighting to cut costs for external projects as it struggles to deal with a share price drop of 90%. Two government representatives are to be appointed to the board of Norilsk Nickel.