Today in Russian Business

SeverStal, Russia’s biggest steelmaker, is to mount a $6 billion investment program in its home operations, including building several new plants and doubling output at one of its key factories this year. “Russia and China are two very exciting and high-risk markets which have offered the braver investor some great returns in recent years,” says one analyst. Russian power producer TGK-13, 56% owned by Unified Energy System, has delayed announcing its intention to float until later in the week. Russia’s avant-garde architecture “is back in vogue”.