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. Last Updated: 07/27/2016


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Prokhorov Puts His Bets on Debt

Mikhail Prokhorov, Russia’s richest businessman, said a government goal to halve inflation to about 6 percent was realistic, and he criticized the authorities for cutting investment in infrastructure.

Luzhkov Resilient Despite Pressure

Luzhkov has nothing to fear from the upcoming City Duma elections that are expected to return the broad majority for the pro-Kremlin United Russia party, which he helped create back in 2001.

Dzhabrailov Quits as Senator 2 Years Early

Chechen President Ramzan Kadyrov’s spokesman confirmed that the initiative to leave the Federation Council came from Dzhabrailov, rather than from the Chechen authorities.

Luzhkov, City Duma Make Pre-Vote Pitch

Mayor Yury Luzhkov arrived at the City Duma to praise United Russia deputies for cooperating with City Hall and warn the opposition factions not to quarrel with the ruling party.

Kremlin Aide Won’t Apologize to Nashi

United Russia and Liberal Democratic Party deputies piled on Ella Pamfilova, demanding that she apologize for offending veterans and defending Alexander Podrabinek.

Billionaire Eyes Heating Reform

Prokhorov, who controls 25 power stations in the European part of Russia, told The Moscow Times that urgent changes in the state’s approach toward the sector were needed.

Ukraine, Gazprom at Odds Over 2010 Gas Imports

Under a deal ending last year's dispute with Russia, Kiev agreed to import 42 billion cubic meters of gas this year, but Ukraine has been caught in the middle of a deep economic recession and requires far less gas.

Russia, Germany Prepare for Showdown at Luzhniki

Combined Reports
As both teams size each other up, the sold-out match has gripped the Russian public, with tickets changing hands for several times face value and volunteers handing out thousands of Russian flags to drivers stuck in traffic.

Skartel Looks to Expand Nationwide

By Timofei Dzyadko / Vedomosti
Skartel, which has been providing high-speed wireless Internet service since this summer, expects to become a nationwide operator covering 180 cities in Russia within three years.

Central Bank Spends Big to Restrain Ruble

The Central Bank has administered a series of such moves over the past couple of weeks, widening the interventions corridor for each $700 million in purchases.

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