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. Last Updated: 07/27/2016


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Ranks of Russian Billionaires Shrink by Half

The number of Russian billionaires has fallen by half since last year, according to an annual ranking by Finans magazine, and the missing names read like a brief history of the financial turmoil over the past six months.

Shmatko Fears 8% Fall in Oil Output

Prime Minister Vladimir Putin agreed on Thursday to consider more incentives to reverse declining oil output, as the energy minister delivered the grimmest outlook yet for the industry.

Russia Tower May Find a New Home

The Russia Tower, a proposed 612-meter skyscraper being developed by Shalva Chigirinsky, will "most likely" not be built in Moscow's up-and-coming business district Moskva-City, Alexander Kovalov, the project developer's assistant, said Thursday.

Senior Cop Calls for Alcohol Ban on Flights

Following a series of tipsy brawls and hijack attempts by air travelers, a senior Interior Ministry official Friday called for a complete alcohol ban on flights.

Oil Tycoons Blamed for Dirty Air

Luzhkov says the oil industry and federal government are preventing Moscow from reducing automobile emissions.

Authorities Rethink Dagestani Appointment

The Moscow Times
Federal authorities have backed down on their decision to select Vladimir Radchenko as Dagestan's new tax chief after ethnic tensions over the appointment prompted street protests, a tax official said Thursday.

Norilsk Says Mining Giant Just Idea so Far

Norilsk Nickel is not in ""concrete discussions"" about creating a mining giant in which the Kremlin would own a stake, although ideas have been proposed by shareholders, the company's chief executive said.

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