Today in Russian Business – Oct 27, 2008

Oleg Deripaska’s Strikeforce Mining and Resources must postpone its IPO due to poor market conditions, and Deripaska’s Aughinish Alumina refinery is facing legal actionthat puts his empire in jeopardy’. Will the oligarchs survive the financial crisis? Dmitry Medvedev is to present a series of measures to help the global financial crisis at the G20 summit next month. But Russia’s ambitious economic proposals will founder due to its demographic crisis, says this article. Germany apparently isn’t worried, with German companies planning to increase long-term investments there. Russia and China might protect themselves from the effects of the crisis if they pooled their resources, says one analyst. Severstal will pay over $300 million less for PBS Coals than originally agreed due to a coal price collapse.