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. Last Updated: 07/27/2016


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Putin Says Gas Consortium Deal in Sight

Prime Minister Vladimir Putin said Friday that he believed a deal could be reached soon with European firms to restart gas supplies to Europe cut off in mid-winter over a pricing dispute between Russia and Ukraine.

Schroder, Shokhin Join TNK Board

Two powerful figures with close ties to the Russian government — former German Chancellor Gerhard Schroder and big business lobbyist Alexander Shokhin — will serve as independent directors at TNK-BP, BP announced Thursday.

Ruble Collapse Brings 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.

Ruble Hits Post-1998 Trough

Russia's ruble tumbled to a record low against the dollar after the Central Bank accelerated the devaluation of the currency in an effort to stem the drain on foreign-exchange reserves.

Carmakers Brace for Uncertain 2009

After several years of stellar growth, the market for foreign cars in Russia is starting to crash, but a host of economic factors have made it hard to say how bad 2009 will be, industry experts said Thursday.

Budanov Granted Parole From Prison

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.

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