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. Last Updated: 07/27/2016

02/02/2009

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Olympic Sponsors Pledge $460M

Rostelecom and MegaFon signed a record $460 million sponsorship deal for the 2014 Sochi Olympics as Prime Minister Vladimir Putin reassured visiting Olympic officials that preparations remained on track for the games.

Thousands Rally Over Economy

Anti-government demonstrators decry Medvedev and Putin, and United Russia stages pro-government rallies.

State to Spend Big Chunk of Stabilization Fund

A significant portion of the government’s $215 billion stabilization fund will be spent to cover a budget deficit this year, Finance Minister Alexei Kudrin told the State Duma on Friday.

Aluminum's 'Happy Times' End

Bloomberg
Deripaska predicts that aluminum will average $1,600 per ton in the next seven years, contradicting a forecast by Vekselberg.

Central Bank Promises to Defend Sinking Ruble

Reuters
The bank raises interest rates on some operations to fight inflation and stabilize the currency’s exchange rate.

Gold Union Says Output Rose 13.3%

Reuters
Russia boosted 2008 gold output 13.3 percent to 184.49 tons (5.93 million ounces), reversing five years of decline, after several of its biggest miners raised production, the main industry lobby said Friday.

23 Die in Komi Nursing Home Fire

Combined Reports
A nursing home fire in the Komi region in northwestern Russia has killed at least 23 people, and officials said local authorities were slow to report the blaze.

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