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. Last Updated: 07/27/2016


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MICEX Falls 9% After Tax Flip-Flop

Russian markets plummeted to a two-year low Monday as the MICEX fell 9.1 percent and the RTS 7.5 percent, in a sell-off that investors and analysts said was driven by fear.

Counting The Costs After the Conflict

Politically, the most recent news generated by the Russian-Georgian conflict has been relatively positive.

Investors Seek Calm In Kazakh Economy

The shadow of Russia’s conflict in Georgia stretched on Tuesday to the foothills of the mountains that tower over Almaty, as jittery investors sought assurances that the five-day war would not spawn an era of regional instability.

Disease Tests Enforced for Expats

The Federal Migration Service has abruptly canceled an informal arrangement that allowed hundreds of foreigners to avoid mandatory tests for leprosy, syphilis and four other diseases when applying for work permits.

Sechin Leads Team To OPEC Summit

Deputy Prime Minister Igor Sechin arrived in Vienna on Tuesday as the head of the highest-level delegation that Russia has ever sent to take part in an OPEC conference.

Kudrin Says No Tax Cuts for Oil Firms

Finance Minister Alexei Kudrin said Tuesday that he expected the government to decide on its future tax policies later this month but added that the oil industry should not expect any more large tax breaks.

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