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. Last Updated: 07/27/2016

01/26/2009

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Sberbank Profits Less Than Stellar

Sberbank said Monday that its third-quarter profit rose a modest 6 percent to 23.2 billion rubles ($704 million) after losses on trading, pushing the bank's shares back slightly after they gained more than 10 percent ahead of the announcement.

VEB Takes Over Hungary's Malev

Vneshekonombank will take over Hungary’s flag carrier Malev within days, officials said over the weekend, marking the state-owned bank’s second major foreign acquisition this month and providing a boost to Aeroflot, which might run the airline.

Chichvarkin Sought in Criminal Investigation

Former Yevroset chairman Yevgeny Chichvarkin, who left the country in December and has not returned, is being sought by investigators in connection with allegations of smuggling, kidnapping and extortion.

Car Imports Plunge By 95% in Far East

The Moscow Times
The number of cars imported through Vladivostok has dropped nearly 95 percent since a controversial tariffs increase came into effect earlier this month, a customs official said Friday.

Press Review Blog: Monday, January 26

By Irina Gaidarova
A digest of what the Russian-language press is reporting on Monday, Jan. 26, 2009.

Raising Fears, Kiev Seeks New Gas Talks

Reuters
Ukraine needs new talks to improve the terms of last week's gas agreement with Russia, a senior aide to President Viktor Yushchenko said Friday, raising fears of new gas supply disruptions to Europe.

Crisis-Proof Industries Off to a Poor Start

In most Western recessions, there is a crisis-proof triumvirate: booze, cigarettes and Hollywood.

3 Candidates Picked to Become Next Patriarch

Combined Reports
A local council will consider the candidacies of Metropolitans Kirill, Kliment and Filament on Tuesday.

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