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. Last Updated: 07/27/2016


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Aeroflot Apologizes for Pilot Incident

Aeroflot acknowledged on Wednesday that it mishandled an incident where a pilot was removed from a plane after passengers accused him of drunkenness, and the airline offered an apology to passengers.

Kyrgyzstan Starts Moves to Close U.S. Airbase

Kyrgyzstan began moves on Wednesday to close a U.S. military air base in the former Soviet republic that is vital for supplying U.S.-led troops fighting in Afghanistan.

Gref Against Reliance on State Orders

Sberbank chairman German Gref said Wednesday that government orders with businesses would not be enough to get them through the economic crisis and that such orders cannot replace private demand.

Developer Plugs Apartments, Cheaper Mortgages

Mirax Group chairman and co-owner Sergei Polonsky said Wednesday that supporting demand for apartments, including through cheaper mortgages, could lead Russia out of the economic crisis.

Siemens Forms Nuclear Partnership

Siemens and Rosatom will work together to strengthen their positions on the nuclear market, the companies said Tuesday, fueling speculation that Europe's largest engineering company could create a joint venture with Atomenergoprom, an affiliate of Russia's state nuclear corporation.

Bulgaria Wants New Deal for Gas Supply

Bulgaria demands a new gas agreement with Russia to secure guarantees against any further cutoff in supplies and to remove intermediaries, state gas monopoly Bulgargaz said Tuesday.

Belarus Signs New Air Defense Deal

The Associated Press
Russia and Belarus agreed to form a joint air defense system, the Kremlin said Tuesday, strengthening military cooperation between the two uneasy allies.

Oil Funds Will Cover Shortfalls for 3 Years

Faced with the prospect that Russia's proverbial rainy day could run into months and years, the Finance Ministry said Tuesday that its accumulated oil wealth would be adequate to cover potential budget deficits through 2011.

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