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. Last Updated: 07/27/2016


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Foreign Investors Praise Putin

Prime Minister Vladimir Putin told foreign investors Monday that Russia hadn’t been caught off guard by the crisis, unlike the West, and the investors praised the government, saying they had faith in the local market.

PIK Wins $1Bln Housing Contract

PIK Group, one of the country’s largest residential construction companies, announced Monday that it had won contracts worth more than $1 billion from City Hall to provide much-needed affordable housing around the city.

Central Bank Shores Up Ruble

With the dollar costing more than 27 rubles on Moscow’s streets, the Central Bank fought back on Monday by limiting speculative attacks on the currency.

Gadhafi Considering $2Bln Arms Splurge

Foreign Minister Sergei Lavrov said Monday that Libyan leader Moammar Gadhafi would visit Moscow for the first time in 25 years, amid closer cooperation between the countries on energy and defense.

Stocks Climb 4% on Hopes of OPEC Cuts

The country's stock markets closed on a peaceful note Monday, gaining more than 4 percent in response to an upcoming meeting of OPEC countries, where production cuts aimed at holding the price of oil at $70 per barrel are to be discussed.

Spain Seeks Arrest Of Duma Deputy

Spanish authorities have issued an arrest warrant for State Duma Deputy Vladislav Reznik on suspicion of links with Russian organized crime, a Spanish police spokesman said Monday.

Inspectors Rehearse Test Ban Treaty

The Associated Press
Arcania does not exist on any map, but nuclear inspectors believe that it could help save the world from catastrophe.

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