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. Last Updated: 07/27/2016


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Sarkozy Returning To Clarify Cease-Fire

Staff Writers
French President Nicolas Sarkozy is visiting Moscow on Monday to urge President Dmitry Medvedev to pull Russian troops out of Georgian territory surrounding South Ossetia and Abkhazia, in accordance with a cease-fire agreement signed last month.

Markets Suffer in 'Triple-Whammy' Week

A combination of global financial woes, falling commodities prices and bad political news sends the MICEX to a two-year low.

Cheney Fires Broadside at Moscow

The Associated Press
U.S. Vice President Dick Cheney said Saturday that Russia's actions in the conflict with Georgia were an ""affront to civilized standards"" and called on Western nations to stand united against any effort by Moscow to use its place as an energy supplier to intimidate its neighbors.

Bush Set to Back Out Of Nuclear Agreement

Combined Reports
Secretary of State Condoleezza Rice says the time 'isn't right' for the deal.

MTS Considers Offer For Stake in Yevroset

Mobile TeleSystems confirmed on Friday that it was interested in buying a stake in mobile phone retailer Yevroset, which last week had its office raided and two of its employees detained over smuggling and kidnapping allegations.

State Declares AiRUnion Crisis 'Over'

Combined Reports
Government officials said Friday that the country would create a state-controlled airline holding company as big as Aeroflot to rescue the cash-strapped AiRUnion airline alliance.

Russian Roulette for Investors

When Russian troops moved into Georgia, foreign investors moved out and the Russian market plummeted. When U.S. troops moved into Iraq, foreign investors hesitated but the U.S. market barely blipped. Is this a double standard?

Catching On With the Swinging Upper Class

When asked by Leonid Brezhnev how to attract investment into the Soviet Union, billionaire entrepreneur Armand Hammer told him to provide limousines and golf courses for U.S. businessmen.

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