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. Last Updated: 07/27/2016

FT to Quit Izvestia Deal

MOSCOW -- The Financial Times and Russia's Izvestia national daily have agreed to end the project on joint publication of the Finansovye Izvestia paper, a Finansovye Izvestia management official said.

The Financial Times regional director for continental Europe sent a message to Finansovye Izvestia on Thursday assessing the joint project as "a successful enterprise." But the main strategy of The Financial Times at present is linked with other regions, he said.

Although the company will continue to study printing possibilities in Russia, The Financial Times is now focusing its attention to development in the United States, the regional director said.