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. Last Updated: 07/27/2016

BUSINESS WEEK IN REVIEW: Chicken Monkey Business

Russian customs announced it had uncovered a multimillion-dollar poultry-smuggling scam that involved passing U.S. chicken meat off as turkey in order to avoid the higher import duties on chicken.

Russia's Federal Securities Commission suspended a controversial issue of convertible bonds by oil holding company Sidanko, pending the results of an investigation.

A deal between MOST-Bank and Uneximbank to jointly run their plastic-card businesses collapsed, with MOST-Bank alleging serious misconduct on the part of Uneximbank officials involved in the venture.

A federal court halted a privatization plan that would have given company managers at Russia's largest insurer, Rosgosstrakh, a substantial chunk of the company at throwaway prices