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. Last Updated: 07/27/2016


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EU Warns of Legal Action Over Gas

In a sign that no resolution is in sight, President Medvedev proposes that a gas summit be held in Moscow this weekend.

Ruble Collapse Pulls Wages Back to Earth

The days of spectacular wage growth that made Moscow an international employment destination have come to an end, economists say, with layoffs throughout the economy letting employers bring salaries back in line with productivity growth.

Budanov Granted Early Release

Former army Colonel Yury Budanov, convicted in July 2005 for the murder of a Chechen woman, was released on parole Thursday morning, sparking outrage among the victim's family and senior Chechen officials.

Ruble Sees 15th Cut As Outflows Balloon

Combined Reports
The Central Bank staged the third mini-devaluation of the ruble in four days on Wednesday, continuing a path of controlled currency weakening to adjust to low oil prices and a worsening economic outlook.

Inquiry Sought Into Killed Duma Envoy

Conservationists have asked prosecutors to investigate whether the Kremlin's envoy to the State Duma was participating in an illegal hunt of endangered animals when the helicopter he was riding in crashed last week in the Altai region, killing him and six others.

Chavez Unveils Gold Mining Venture

Venrus, a joint venture of Rusoro Mining and the Venezuelan government, was formed to mine Las Cristinas, a deposit containing an estimated 35.2 million ounces of gold, Venezuelan President Hugo Chavez said.

Kiev Must Pay the Price For Victimizing the EU

The crisis between Russia and Ukraine that threatens gas supplies to Europe each year was caused by Ukraine's refusal to pay Russia what it owes and the attempts by Kiev to escape its responsibilities.

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