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. Last Updated: 07/27/2016


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Central Bank Lets Ruble Fall Further

The Central Bank said Monday that it widened the ruble's trading band by 30 kopeks on both ends for the second time in two weeks, effectively allowing a gradual devaluation of the currency to continue.

Bad Time For Some, Others Cash In

Investment banks are laying employees off by the hundreds, developers are freezing projects and oil firms are lining up to receive government aid. At some companies, however, business has never been better.

Tretyakov Outraged Over Church Icon Move

The Russian Orthodox Church has outraged employees at the Tretyakov Gallery by requesting to borrow a 15th-century icon for religious services outside Moscow — a trip curators say could irrevocably damage one of the outstanding works of ancient Russian painting.

Tensions High at Scene of Shooting

The Associated Press
Tensions between Georgian police and Russian-backed troops were running high Monday, a day after gunfire erupted close to the Georgian presidential motorcade near the separatist South Ossetia region.

S7 Says Stake Offer, Plane Sales Possible

The CEO of Russia's second-largest airline, S7, said Monday that it had received a verbal offer to buy a share in the company and that it would work to restructure debt and sell off older Russian planes to weather the financial crisis.

Ukrainian Delegation Coming For Gas Talks

Ukrainian Prime Minister Yulia Tymoshenko dispatched a delegation to Moscow on Monday to discuss gas debts and future supplies and sought Russian permission to delay payment on gas in storage not yet used.

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