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. Last Updated: 07/27/2016


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A Crisis Plan With Uncertain Origins

While the government has taken aggressive steps to rescue the financial sector, there is little clarity over who is actually in charge.

$2.4Bln In Bailout Funds For VTB

In the first major sign that the liquidity crisis is affecting Russia's state banking giants, VTB, the country's second-largest bank, will apply for government bailout money to refinance its foreign loans for this year and next year, and plans to cut internal costs by 15 percent to 20 percent in the fourth quarter.

Stock Market Misses Out on Global Gains

The wave of confidence that rolled across European and U.S. markets on Monday, pushing stock market indexes higher, did not make it to Moscow.

Prokhorov Warns Against Buyback

Billionaire investor and Norilsk Nickel board member Mikhail Prokhorov warned on Monday that a planned $2 billion share buyback could push the company to bankruptcy.

Putin Says Aid Must Reach Real Economy

Prime Minister Vladimir Putin on Monday called on the government to make sure companies receive financial aid that is being earmarked for them, addressing concerns that the money may not reach its intended recipients quickly enough, or at all.

Abramovich Elected To Seat in Chukotka

United Russia almost achieved a clean sweep Sunday, as the pro-Kremlin party won landslide victories in most regional election contests, but the most commanding win of the day went to billionaire Roman Abramovich.

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