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Today in Russian Business – September 15, 2010

Austria’s banking watchdog has said it found no evidence for wrongdoing when examining possible links between Raiffeisen Zentralbank and the $230 million defrauding of Hermitage Capital.  Despite mediation attempts by Vladimir Putin, it seems that the battle between Oleg Deripaska and Vladimir Potanin over Norlisk Nickel is gaining momentum.  Vneshekonombank has no plans to sell its stakes in RusAl and EADS at a loss, the bank’s chief has told an interviewer.  ‘I am deeply convinced that the de-industrialization of Russia is a dead end’: Putin defends channeling state funds into creaking industry heavyweights.  After this summer’s drought prompted an increase in inflation, the government is contemplating putting caps on prices of basic foodstuffs.  Find out here how meat producer Cherkizovo is capitalizing on the drought’s effect on the market.  A shareholder’s meeting at hypermarket chain Lenta descended into violence as a conflict erupted between rival shareholders groups over who should become the company CEO.