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. Last Updated: 07/27/2016


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Oligarchs Brought Down to Size

In a recent interview with the Financial Times, RusAl owner and billionaire Oleg Deripaska declared that, ""If the state says we need to give it up, we'll give it up.""

EU Ready to Move Kosovo from UN

The European Union plans to withdraw the issue of Kosovo's final status from the United Nations Security Council within a few days if Russia does not accept a resolution, EU foreign policy chief Javier Solana said Tuesday.

Police Shoot Violent Metro Passenger

A metro police officer killed a man in self-defense after he was attacked for trying to issue a fine for drinking alcohol and smoking inside a central metro station, prosecutors said Tuesday.

Putin Gets High Marks for Policy

President Vladimir Putin's aggressive foreign policy enjoys huge support at home, an opinion poll indicated Tuesday, adding in a commentary that Putin seemed more liberal than most his people.

Myanmar Nuclear Plans Spark Protest

Myanmar activists staged a protest Tuesday outside the Russian Embassy in Malaysia, calling on Moscow to scrap plans to help build a nuclear research center in the military-ruled country.

Gazprom Confirms Siberia Pipe Plan

The company says the proposed gas route would run alongside the East Siberia Pacific Oil pipeline.

Usmanov Eyes Bigger Phone Stake

Billionaire Alisher Usmanov, who last week bought 15 percent of Telekominvest, a key shareholder in MegaFon, said through his office that he wanted to increase his stake in the mobile operator.

Gazprom Neft Gets Go-Ahead on New Sakhalin Field

Gazprom Neft received permission to explore an offshore Sakhalin oil field -- potentially in partnership with Norway's Statoil -- for three more years, the Natural Resources Ministry said Tuesday.

Rail Cargo to Estonia Halved

State monopoly Russian Railways has ordered exporters to halve shipments of refined oil products, metals and coal via Estonia amid renewed political tensions with Tallinn, industry and trade sources said Tuesday.

Turkmenistan, China Seal Gas Export Deal

China signed deals Tuesday to produce and import natural gas from Turkmenistan, a major step in the realignment of the resource-rich Central Asian country away from its former rulers in Russia, a news report said.

Lawson Gets Kremlin Award

Eugene Lawson, president of the U.S.-Russia Business Council, received an award from President Vladimir Putin for his efforts in promoting economic ties between Russia and the United States, the Kremlin said Tuesday in a decree posted on its web site.

Business in Brief

Tax Break Idea Played DownGref on Gazprom CostsStandart Case PostponedUAC May Sell StockVekselberg Eyes HighveldTenex May Sell SharesBoeing Seeks Titanium DealLatvia Pipeline TheftCoca-Cola to Make KvasFor the Record

Bombs That Look Like Balls

Every spring, meltwater dislodges bomblets in the mountains and sends them down steep gullies toward inhabited areas. That is how Salim Saimuddinov, 10, who was born after Tajikistan's 1992-97 civil war ended, became one of its victims.

2 Teenagers are Arrested for Going on Tractor Joy Ride

Two teenage joy riders in Karelia were arrested for stealing three tractors to race at night, Interfax reported.

Toxic Cloud Prompts Evacuation

Hundreds of Ukrainians were evacuated from their homes Tuesday after a train derailed and released a cloud of toxic gas that affected 14 villages.

News in Brief

Trutnev in United Russia?Nashi Kicks Out ReportersPoland Confident on ShieldMetro Station Elicits Prayers

Russia Holds Back on Lugovoi Reply

In an uncharacteristically restrained reply Tuesday, the Foreign Ministry promised a ""targeted and appropriate"" response to Britain's decision to expel four Russian diplomats.

Putin Snubs Estonia at a Festival in Saransk

President Vladimir Putin will play host to the leaders of Finland and Hungary at a Finno-Ugric festival in Saransk on Thursday. But the leader of Estonia -- the only other Finno-Ugric country in the world -- has not been invited.
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