Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

A brief look at the stories making headlines in the Russian-language press


Local legal authorities in Vologda, Central Russia, have defended American investors, who were deceived by a local entrepreneur. The story details the case.

James Leach, head of the Banking Committee in the U.S. House, talks about his approach to the scandal around the Bank of New York, saying that the investigation of the bank's activities is not directed against Russia. The American guest also shares his good impressions about his visit to Moscow.

Alexander Shokhin, head of the State Duma Banking Committee, shares his viewpoint on the scandal surrounding the Bank of New York.

State Duma deputy Leonid Ivanchenko (KPRF) has revealed a plan for imposing a "state of emergency" in relation to regional governors. In his words, Vladimir Putin may propose to the State Duma to suspend the Constitution's article on the election of regional heads.

The Japanese government intends to unfreeze crediting projects in Russia's real economic sector, which was suspended after the 1998 financial crisis. The first credit ($626 million) will be issued to Gazprom to fund a construction project of a gas pipeline to Turkey along the Black Sea bed.

Presidential representative in the State Duma Alexander Kotenkov, submitted the Kremlin's proposals on ways of resolving the land issue to the SD Agrarian Committee.

Vladimir Putin has recommended to the State Duma that it remove a draft bill intensifying state control over foreign trade that the deputies had already passed in the first reading. Thus Putin has shown that no one, even his Cabinet, may violate the Constitution.

Former KrAZ Director Anatoly Bykov, who is staying in a local prison, has refused to testify. "First release me and then we'll talk," he said. The Krasnoyarsk politician and deputy to the local Legislative Assembly , Vyacheslav Novikov, stated that the "Bykov case" is increasingly acquiring a political and economic tinge.

An all-Russia public movement --Youth Unity-- was founded Thursday at a congress in the Moscow Youth Palace. President-elect Vladimir Putin approved its emergence. The story features its initiators, principles, aims and tasks.

Controversial sculptor Zurab Tsereteli talks about his ambitious project of presenting a new huge Bell "Bolshoi Moskovsky" to the city of Moscow.

The State Radio Frequency Commission ( attached to the Communications Ministry) Thursday opposed the use of frequencies in a 800MGts wave band for the development of mobile communications in AMPS and CDMA standards.

Alexander Astapovich, head of the Bureau of Economic Analysis, speaks about the success of economic reform in Chile, Brazil and Argentina, saying what Russia can borrow from it.

Jose Piniera, former Chilean Minister of Labour and Social Welfare, a "creator of the Chilean economic wonder", and an architect of Chilean pension reform, has arrived in Moscow to offer Russian authorities his help in this sphere.


Central Bank Deputy Chairwoman Tatyana Chugunova stated Thursday that a network of field banks ( banks on wheels ) will open in Chechnya in the near future.

Novaya Gazeta was reprimanded by the Press Ministry Thursday for printing an interview with Aslan Maskhadov. NG Editor-in-Chief Dmitry Muratov talks about his response to the event. Kommersant Daily Editor-in-Chief Andrei Vasilyev comments on the ministry's warning.

The story examines a tax package in the economic program being worked out now by the Center for Strategic Planning headed by economist German Gref.

Samara Governor Konstantin Titov, who resigned after his defeat in the recent presidential elections, talks about his plans for the next gubernatorial elections.

Fuel and Energy Minister Viktor Kalyuzhny presented his energy strategic program in Ufa at the 2nd Congress of Gas and Oil Industrialists Thursday.

Starting May 1, the tariffs on electricity sold by the Federal Wholesale Market of Electrical Energy and Capacities (FOREM ) will skyrocket by 35 percent. The story highlights FOREM and its clients. A diagram.

The story explains why Rosselkhozbank, registered on Monday, may exist only on paper.

The Moscow "Grafi" company has begun negotiations with "Elektrougli" on launching a joint venture to make special graphites.

The "Mobile Telesystems" company and Gutabank announced their project in the sphere of "mobile banking" Thursday.

The Ulyanovsk Auto Plant ( UAZ ) has developed a new model of jeep "Irbis", the assembly of which began yesterday on the plant's main conveyor-line.

Morgan Stanley Dean Witter and Credit Suisse First Boston won the tender on pre-sale preparation of the state package of LUKoil's shares Thursday.

Riga vandals destroyed the Victory Memorial in the city Wednesday. Many view this incident as an attempt to frustrate the festivities devoted to the 55th Victory Anniversary.