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. Last Updated: 07/27/2016

02/10/2009

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Debt Restructuring Plan Denied

By Gleb Bryanski and Oksana Kobzeva / Reuters
Russia denied seeking to restructure as much as $400 billion in companies' foreign debts on Tuesday after a Japanese newspaper said a local banking lobby group had asked the government to help negotiate with creditors.

Internet-Saavy Medvedev No Tsar of Blogosphere

By Natalya Krainova
President Dmitry Medvedev may be the most powerful man in the country, but it appears to be an entirely different story in the Russian blogosphere.

MMK Ready to Repay Mechel

Magnitogorsk Iron and Steel Works, or MMK, said Monday that it was ready to pay its 801 million ruble ($22 million) debt to Mechel, signaling an end to a major dispute that has helped cripple the economy.

As Oil Sinks, Hopes of Philanthropy Sink Too

LUKoil is one of Russia's biggest philanthropic donors, directing money to the Bolshoi Theater, a military academy and a group of reed weavers as corporate philanthropy has taken off over the past decade.

Kremlin Think Tank Paints a Dark Picture

An influential government think tank criticized key aspects of the state's response to the crisis Monday and said small business could lead the way to reviving the economy.

Stock Manipulators To Get Prison Time

The Presidium on Monday approved a bill that would criminalize the manipulation of stock prices, a lucrative past-time of the well-connected and a major hurdle in Moscow's drive to become a global financial center.

U.S. Base Eviction Clears First Hurdle

The Associated Press
A Kyrgyz parliament committee approved a plan on Monday to close the U.S. air base near the capital, bringing the eviction of U.S. forces from an important Afghan staging point a step closer.

Kiev Turns to Moscow for $5Bln Loan

Reuters
Ukraine's government has asked Russia about securing a $5 billion loan to help cover its budget deficit, Russia's Finance Ministry said Monday, drawing immediate criticism from Ukrainian President Viktor Yushchenko.

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