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. Last Updated: 07/27/2016


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Crisis May Spawn Attacks

The Moscow Times
Fascist and skinhead groups will use the economic crisis as an excuse for xenophobia and racist violence, even though no increase in attacks has been detected, according to a report released Wednesday.

LUKoil Gets $1.3Bln Unsecured Loan

LUKoil on Tuesday said it received a three-year, 1 billion euro ($1.3 billion) loan from Gazprombank, which offered the oil giant a relatively attractive 8 percent rate on the unsecured credit.

As Sales Vanish, Designer Labels Close Shop

Stella McCartney, Kookai, Diesel and other luxury brands are being replaced with lower priced imports like Gap and H&M.

Metals Merger Won't Pass Antitrust Barrier

But an anti-monopoly service official says a more modest tie-up between Norilsk and Metalloinvest might get approval.

Debt Restructuring Plan Denied

Finance Minister Alexei Kudrin denies a report that the country is looking to restructure $400 billion in corporate debt.

Gazprom Pledges No Delay on Shtokman

Combined Reports
Gazprom may delay some projects in response to weaker demand for gas and a tougher financial climate, but it expects to proceed with the giant Shtokman gas field early next year.

Migrants Said to Face Serious Abuses

Migrant construction workers are routinely exploited by employers and harassed by the police, and the economic crisis will probably make their lives worse, Human Rights Watch said in a report released Tuesday.

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