Today in Russian Business – Aug 8, 2008
Source: http://www.robertamsterdam.com/2008/08/today_in_russian_business_aug_5.htmPosted on Friday, August 8th, 2008 | In Emerging Markets, Market Commentary, Russia
Contributed by: Robert Amsterdam (http://www.robertamsterdam.com/) -
Russia’s international reserves have reached $600 billion. RusAl is opposing the appointment of Federal Tourism Agency chief Vladimir Strzhalkovsky to the board of Norilsk Nickel. The company said that Strzhalkovsky, a longtime ally of Prime Minister Vladimir Putin, “has nothing to do with the metals and mining sector or any experience of managing a large industrial company.” The European Bank for Reconstruction and Development bought 3.8% of Russian transport and shipping firm Fesco for $120 million. Nickel producer Industrial Metallurgical Holding may cut output on the back of this year’s price slump.
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Emerging Markets, invest in russia, investing in russia, Market Commentary, Russia, russian stocks
Emerging Markets, invest in russia, investing in russia, Market Commentary, Russia, russian stocks
 About Robert Amsterdam (http://www.robertamsterdam.com/)
Robert Amsterdam is a lawyer and an advocate for rule of law. His blog was created to express views which may stimulate debate and discussion on topics of international interest. Robert believes that we live in a world of unchallenged impunity, and he views his blog as merely a small attempt to shine a light on issues he views as important in countries with which he is engaged. He make no apologies or pretense of objectivity - he is merely stating his opinions. |
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