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. Last Updated: 07/27/2016


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Kazakhstan Suggests a New Currency

Kazakh President Nursultan Nazarbayev on Wednesday proposed a common currency for five former Soviet republics, a slap in the face for Russia, which has been promoting the ruble for the role.

Family Values Take Over Empty Billboards

As advertisers tighten their purse strings, the Moscow metro is filling an increasing number of billboards with social messages.

Severstal Posts Q4 Losses of $1.2Bln

Severstal, Russia's largest steelmaker, posted a fourth-quarter net loss of $1.2 billion after writing down $411 million of inventories and taking an impairment charge of $1.5 billion on assets.

RZD Gets Equipment for Sochi Link

Russian Railways on Wednesday received its first delivery of equipment for a 260 billion ruble ($7.4 billion) transportation link between Sochi and Krasnaya Polyana, considered the hardest part of the 2014 Olympics preparations.

Council of Europe Sees No Sanctions

Russia's membership in the Council of Europe is not threatened by sanctions, despite Moscow's continued refusal to ratify two key human rights protocols, two of the council's top politicians said Wednesday.

Crackdown Sought on Alcohol Sales to Minors

The youngest State Duma deputy, Robert Shlegel of United Russia, is proposing a bill that would make selling alcohol to minors a criminal offense, punishable by up to one year in prison.

Illegal Vodka Set to Account for Half of All Sales

When the going gets tough, the tough get drinking -- bottle after bottle of illicit vodka.

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