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. Last Updated: 07/27/2016


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Medvedev Says State Can Lift Markets

As Russian stock markets suffered a second straight disastrous day of trading Wednesday, President Dmitry Medvedev played down the drastic falls of recent months and pledged that the government would restore the markets to their levels at the beginning of the year.

Metalloinvest Wins Udokan Auction

Usmanov’s company pays $585 million for the copper deposit and will invest more than $5 billion into developing it with a partner.

Khodorkovsky Has Some Advice as Stocks Tumble

As investors fret amid a global economic downturn, the government needs to be forthcoming about its actions in order to boost confidence in the Russian market, jailed businessman Mikhail Khodorkovsky told The Moscow Times.

RTS Throws a Birthday Party

As markets dripped red on Monday night, bankers and investors toasted in the RTS Index’s 14th year at a chic bar located on the bank of the Moscow River.

OPEC Chief to Visit Moscow Next Month

OPEC secretary-general Abdalla Salem El-Badri announced on Wednesday that he was planning to travel to Moscow next month to foster cooperation with Russia, although he said the work was not intended to influence prices.

Kudrin Opens Door To Tax Compromise

The finance minister says he is ready to consider new tax cuts for oil companies if no other taxes are reduced.

Hard Russia vs. Soft China

China and Russia have just provided the world with sharp contrasts in the use of power. As the French analyst Dominique Moisi recently put it, ""Whereas China intends to seduce and impress the world by the number of its Olympic medals, Russia wants to impress the world by demonstrating its military superiority. This is China's soft power versus Russia's hard power.""

Young Art Collectors Step Into Spotlight

The Russian art world has also been booming the last few years on the back of huge investment. But one group conspicuous by its absence has been young collectors.

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