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. Last Updated: 07/27/2016


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$140Bln Capital Flight More than $140 billion was moved abroad from Russia between 1991 and 1999, Interfax quoted the State Duma’s corruption-fighting commission chairman, Nikolai Kovalyov, as saying in an interview published in the Vek newspaper Friday.Yushchenko Hails DealUkraine’s prime minister, Viktor Yushchenko, on Saturday praised an agreement with Russia that restructured Ukrainian gas debts for 10 years, removing a major irritant in bilateral ties.Kiev Sees 25% InflationThe Ukrainian government expects annual inflation this year will significantly exceed its previous forecast of 15.9 percent but will not pass 25 percent, a top government official said Monday.Banking Sector LaggingThe banking sector is lagging behind the nation’s overall reform dynamic, Prime-Tass reported Prime Minister Mikhail Kasyanov as saying Friday at a German-Russian forum in Berlin.Noga Claims $495M Swiss company Noga has announce an updated list of claims for $495 million against Russia, the Financial Information Agency reported Deputy Finance Minister Sergei Kolotukhin as saying Monday.Kodak Wins Web Suit The Moscow arbitration court has rejected an appeal by businessman Alexander Grundul against an Oct. 4 decision of the court in which he was forbidden from using the domain name, the AK&M news agency reported.Moskvich Power to Go Power utility Mosenergo has adopted a decision to terminate supplies of fuel and electrical energy to the Moskvich car factory, Reuters reported Mosenergo as saying in a statement.

Provinces Elect New Leaders

The only woman among Russia's 89 regional governors was voted out of office, while most of the 11 local government elections held over the weekend will go into runoffs, according to early returns released Monday.

Poland Softens Backing for Ukraine

Poland told its strategic ally Ukraine on Monday that it would back the most economically viable gas transit route from Russia to Western Europe, toning down once strong support for Kiev's pipeline ambitions.

13 Russian Servicemen Killed in Chechnya

Rebels struck at federal forces across Chechnya, killing at least 13 Russian servicemen and wounding 21 over the past 24 hours in spite of stepped-up military security, a Chechen government official said.

Small Earthquake Shakes Dagestan

An earthquake with a preliminary magnitude of 4 to 4.5 shook the southern Russian region of Dagestan but no damage or casualties were reported, the Emergency Situations Ministry said Monday.

City Official Wounded in Car Explosion

A St. Petersburg city official was seriously wounded Monday when an explosive attached to his car went off, police said.

Arrest Warrant Issued for Gusinsky

Russian authorities have issued an international arrest warrant for exiled media magnate Vladimir Gusinsky, the chief prosecutor's office said on Monday.

Rights Boss Urges Protection

Russia paid tribute to victims of political repression Monday as the country's human rights chief called for more action in recognising and protecting people's rights.

2 People Killed As Moscow Bridge Collapses

Two people were killed when a road bridge collapsed in Moscow on Monday when its support girders gave way, a spokesman for the Emergencies Ministry said.

Ukraine Expects 25 Percent Inflation

The Ukrainian government expects that annual inflation this year will significantly exceed its previous forecast of 15.9 percent but will not pass 25 percent, a top government official said Monday.

Moldova's Parliament To Vote Again

After an abortive attempt last week, Moldova's parliament was scheduled to try again Monday to elect a new president, choosing between a Communist official and a candidate who favors closer ties to Europe.

Kidnapped Spanish Businessmen Safe

Two Spaniards who were kidnapped in Georgia last week are being held in a border region and are in no immediate danger, President Eduard Shevardnadze said Monday.

Chernobyl Victims Demand Social Support

Marking an international day of disabled people, about 10,000 Chernobyl victims protested in the capital Kiev Sunday demanding more government spending on social care and support.

Russia Cuts Off Power to Georgia's Capital

Russia's gas and electricity supplies to Georgia's capital Tbilisi were cut off Saturday, apparently over debt disputes, leaving the city of 1.2 million dark and without heat for several hours, officials said.

Chinese Vice Premier Arrives in Moscow

Vice Premier Li Lanqing of China arrived in Moscow Sunday for a 10-day official visit, that was expected to include talks with Russian Prime Minister Mikhail Kasyanov.

Georgian Officials Discuss Visa Regime

As Georgians crowded the Russian consulate Monday, two top officials traveled to Moscow to discuss differences over Russia's new requirement that Georgians obtain entry visas.

International Search For Gusinsky Begins

Russian authorities have asked Interpol to put Vladimir Gusinsky on an international wanted list on fraud charges, increasing the pressure on the media magnate, officials said Monday.

Estonian Telephone Faces Corporate Battle

When Estonia's fixed-line phone market opens on January 1, preventing corporate clients from moving to new competitors will prove the key battle for current monopoly Eesti Telefon (ET), analysts said Monday.

Number of Disabled in Russia On Rise

The number of people with disabilities in Russia more than doubled in the past six years, reaching 10 million - or about one for every 15 men, women and children in the country, an official said Monday

End Unfair NHL Contracts

Moscow's deputy mayor, who doubles as hockey chief for the city of 10 million, called on Monday for an end to unfair contracts which he said allowed North American ice hockey leagues to buy up top Russian players on the chea
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