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. Last Updated: 07/27/2016


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RZD, Alrosa Pay 100 Rubles for KIT

The state monopolies team up to buy 90 percent of the failed investment bank .

Economic Crisis Will Not Be Televised

As a wave of grim news swept in from global markets Monday, the MICEX halted trading a record three times, while the RTS shut down twice. The day still ended in a bloodbath, with both indexes plummeting about 19 percent.

Baturina Hits Austria With Charm Offensive

Mayor Yury Luzhkov's billionaire wife Yelena Baturina is running a charm offensive, including pop stars Stevie Wonder and Elton John, in her campaign to buy a million-dollar mansion at a posh Austrian ski resort.

Medvedev Takes Financial Plan to Evian

President Dmitry Medvedev pushed Wednesday for a larger role for Russia in global financial decision making at an international economic gathering in Evian, France, the same day trading on Russian stock exchanges was closed for two days after they suffered falls of more than 10 percent.

Aricom Looking for $1Bln in Roadshow

The miner is hoping to raise the cash to fund a plant in the Far East, despite global liquidity problems.

MICEX Chief Sees Similarities to 1929

The 67 percent decline in Russian equities this year resembles the U.S. stock market crash of 1929 because of the damaging effect of highly leveraged investors, MICEX chief executive Alexei Rybnikov said Wednesday.

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