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. Last Updated: 07/27/2016


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Chavez Invites In Russian Oil Firms

Venezuelan President Hugo Chavez agreed Friday to give broad access to his country’s oil riches to five Russian companies, Russian Energy Minister Sergei Shmatko said.

Top Job Changes Hands at MICEX

Central Bank Deputy Chairman Konstantin Korishchenko has been tapped to head the MICEX Group in the first major reshuffle since recent financial turmoil wiped out more than half the value of shares on the country’s leading stock exchange.

Future of SPS Uncertain After Leader Resigns

Staff Writers
Union of Right Forces leader Nikita Belykh said Friday that he was resigning over proposals by senior party officials to cooperate with the Kremlin, and that the party’s leadership will decide this week whether to disband the party altogether.

Downgrade, U.S. Bailout Weigh on Markets

Negative ratings from Moody's spark a fall on the indexes as investors await a U.S. financial bailout.

Deripaska Will Appeal To Move London Suit

Oleg Deripaska, the majority owner of United Company RusAl, will this week seek to have London's High Court dismiss a multibillion-dollar lawsuit filed by former associate Michael Cherney, a person close to Deripaska's Basic Element holding said Friday.

Lavrov Seeks Revival Of Global Coalition

The Associated Press
Foreign Minister Sergei Lavrov called on Saturday for a revival of the global coalition that brought the world together to fight terrorism after Sept. 11, 2001, but started unraveling after the U.S.-led invasion of Iraq and what he called the subsequent domination of world affairs by a single power — a veiled reference to the United States.

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