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. Last Updated: 07/27/2016


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AvtoVAZ Woes Cast Cloud Over City

A crisis is brewing in Tolyatti as financial troubles at its biggest employer threaten the local economy.

Top Doctor Recommends Anti-Crisis Diet

People should ditch kolbasa and fizzy drinks and turn back to homely foods such as kefir and cabbage to beat the crisis, Russia's chief doctor said in a new report.

Putin Sees 'No Catastrophe' for Economy on Horizon

Combined Reports
Prime Minister Vladimir Putin on Friday sought to calm fears about the country's sharp slide into recession, saying this year will bring "no catastrophe" to the economy.

Canadian Jets Met Russian Plane Before Obama Visit

Associated Press
Canada's defense minister said fighter jets were scrambled to intercept a Russian bomber in the Arctic on the eve of U.S. President Barack Obama's visit to Ottawa last week.

Nabiullina Says Plan To Cut VAT in Doubt

The Economic Development Ministry may abandon its proposal to slash the value-added tax as budget revenues dwindle, Minister Elvira Nabiullina said Thursday.

Defense Firms Get $56Bln

Combined Reports
A government commission has approved a total of $56 billion in loans to help prop up struggling defense firms, Finance Minister Alexei Kudrin said Thursday at a Cabinet meeting.

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