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. Last Updated: 07/27/2016

03/17/2009

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Medvedev Attacks 'Selfish' Banks

President Dmitry Medvedev on Monday moved to defend struggling producers from private lenders that resist rescheduling payments, saying it was not a time for “corporate selfishness.”

Fewer Russians Want Domestic Autos

Russians increasingly prefer foreign cars to domestic ones, a study released Tuesday found, indicating that government measures to encourage demand for domestic autos have yet to kick in.

Frantic Debtors Turn to Anti-Debt Collectors

Gennady Titov, 37, a white-collar office worker, is used to surviving on bank loans and until recently made his repayments on time.

PIK Construction Down 50 Percent

PIK Group, one of the country's largest real estate developers, said Tuesday that it finished only 813,000 square meters of housing in 2008, almost 50 percent less than the 1.54 million square meters it completed a year earlier.

At G20, Kremlin to Pitch New Currency

The Kremlin published its priorities Monday for an upcoming meeting of the G20, calling for the creation of a supranational reserve currency to be issued by international institutions as part of a reform of the global financial system.

United Russia Loses Murmansk Election

In a surprise upset, independent candidate Sergei Subbotin trounced his United Russia rival for Murmansk mayor in weekend elections, prompting a threat by United Russia to challenge the vote.

Mironov Pushes Australia on Uranium Exports

Reuters
Federation Council Speaker Sergei Mironov on Tuesday urged Australia to clear the way for uranium exports to Russia to help meet its growing demand for nuclear energy.

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