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. Last Updated: 07/27/2016


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Kremlin Fires 4 Governors, Gordeyev

President Dmitry Medvedev dismissed four governors and demoted Agriculture Minister Alexei Gordeyev in an unprecedented shuffle Monday that analysts said smacked more of a publicity stunt than an anti-crisis measure.

4 Industries Hiring New Workers in the Crisis

Stanislav Shevchenko, head of the antivirus division at Kaspersky Labs, is a busy man these days.

January's Industrial Output Falls by 20%

Industrial output contracted by a fifth in January, the biggest monthly fall in the series' seven-year history, according to data on Monday -- including an 80 percent drop in automotive production compared with a year ago.

Prokhorov Tops Finans Rich-List

Russia's most-eligible bachelor, outspoken and controversial billionaire Mikhail Prokhorov, is now the country's richest man with a $14.1 billion fortune, the latest rich-list from popular business magazine Finans showed.

Medvedev Offers Bolivia Helicopters

The Associated Press
Bolivia will receive helicopters from Russia to help fight drugs and assistance to develop energy resources in the poor South American country, President Dmitry Medvedev said Monday.

Kudrin Says Budget Revision Difficult

The government faces a tough choice between scaling down budget spending and anti-crisis measures after the oil price fall wiped out a third of projected revenues, Finance Minister Alexei Kudrin said Monday.

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