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Today in Russian Business – Sept 9, 2008

The world’s leading economies are too distracted with global financial problems to worry about punishing Russia over Georgia, according to Russia’s Deputy Finance Minister. Agribusiness company Razgulay plans to invest $690 million this year on expansion and development. On the potential gains to be made from the current volatility of the Russian stock market. Russian police have searched an office of News Outdoor Russia, a billboard advertising company controlled by Rupert Murdoch, and British American Tobacco is the latest UK company to be targeted. The US government’s bailout of Fannie Mae and Freddie Mac has lifted Russian stocks, but the economy could take some time to recover, depending on who you believe. Federal reserves remain buoyant.