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. Last Updated: 07/27/2016


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Cars Lead Parade of Investors To St. Pete

ST. PETERSBURG — The comparison seems to roll off everybody’s lips. St. Petersburg, the second city, is becoming the self-styled Detroit of Russia, in other words the car-making capital of the country.

Kremlin's Trillion-Dollar Headache

For nearly two decades, the regional government has been trying to build a road to connect Nenets Autonomous District, a remote Arctic region, to the rest of Russia.

Clues on TV That Putin Remains the King

The day of the government reshuffle last month, President Dmitry Medvedev met with Prime Minister Vladimir Putin in the Kremlin to discuss the changes. Kremlin watchers mused that the meeting, prominently broadcast on state television, offered a revealing clue about who actually held the reins -- Putin dominated the session from the left side of the desk -- the same seat he had occupied during his eight years as president -- while Medvedev sat quietly on the right.

Medvedev Meets CIS Presidents at Summit

President Dmitry Medvedev met Friday with leaders of the Commonwealth of Independent States, a loose alliance of former Soviet republics, trying to keep energy exports in the region under Moscow's control while warning his counterparts against seeking NATO membership.

Survey Touts Russia's Investment Climate

Despite a host of problems like corruption and excessive bureaucracy, Russia is the most promising market for foreign investment, surpassing India and China, according to a survey of foreign companies released Friday.

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