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. Last Updated: 07/27/2016


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Gadhafi Pitches Tent Ahead of Talks

Libyan leader Moammar Gadhafi opened his first visit to post-Soviet Russia on Friday with a dinner at President Dmitry Medvedev’s residence outside Moscow, after setting up his own traveling residence, a Bedouin tent, inside the Kremlin walls, Kremlin officials said.

Crisis Could Take a Bite Out of Corruption

Small business owners hope that times will change — and not because the Kremlin has promised to crack down on corruption. The financial crisis could actually help companies by lowering the cost of bribes.

Medvedev May Skip Largess In Speech

Staff Writers
Vladimir Putin ordered massive spending increases in his last state-of-the-nation address as president, but his successor will have to think twice about making lavish pronouncements in his debut at the podium on Wednesday.

Chamber to Oversee VEB Loan to RusAl

The Audit Chamber will oversee the use of $4.5 billion in financing that Vneshekonombank loaned to United Company RusAl, the chamber said Friday on its web site.

Alfa Bank Seeking $400M From VEB

Alfa Bank will apply to Vneshekonombank, the state development bank, for a long-term loan of $400 million, Alfa Bank president Peter Aven said at a crisis-related summit Friday.

Net Capital Outflows at $140Bln

Combined Reports
BNP Paribas has estimated that investors have withdrawn about $140 billion from the country since the start of August.

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