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. Last Updated: 07/27/2016


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Surprise Pick for Agriculture Minister

President Dmitry Medvedev appointed Yelena Skrynnik, the little-known head of equipment leasing company Rosagroleasing, as agriculture minister Thursday in a surprise decision praised by industry insiders.

Putin Offers Miners a Crash Course on Crisis

He touts state efforts and puts a limit on the Central Bank's refinancing rate.

Court Seizes Telenor Stake in VimpelCom

A Siberan court seized Russian mobile assets of Norway's Telenor, escalating the Western company's long stand-off with billionaire Mikhail Fridman and weakening Moscow stocks on Thursday.

Forbes Finds 55 New Russian Ex-Billionaires

By Mikhail Overchenko / Vedomosti
The majority of Russia's billionaires couldn't cope with the financial crisis, which wiped 55 names from the country's tally in the 2009 Forbes rich list.

Nemtsov in Bid to Be Next Mayor of Sochi

Opposition leader Boris Nemtsov submitted documents Thursday to run for mayor of Sochi, the Black Sea resort that will host the 2014 Winter Olympics.

Government Will Buy Nesting Dolls

The state will place about 1 billion rubles ($28.4 million) in orders for crafts such as nesting dolls and hand-painted dishes and could reduce taxes to support craft makers whose sales have plummeted, the Industry and Trade Ministry said Thursday.

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