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. Last Updated: 07/27/2016

03/23/2009

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Prokhorov Ups RusAl Stake to 18.5%

Mikhail Prokhorov's Onexim Group has agreed to increase its stake in United Company RusAl to 18.5 percent as part of a restructuring of $2.8 billion owed by the aluminum giant, the companies said in a joint statement Sunday.

New U.S. Airline Cleared to Fly to Petersburg

The chief executive of Baltia Air Lines says the global economic crisis will give the airline a competitive edge.

Murmansk's Governor Resigns

Murmansk Governor Yury Yevdokimov resigned abruptly Saturday after enduring a week of harsh criticism from United Russia over the loss of the Murmansk mayoral election to an independent candidate.

Yakunin Slams Freight Car Maker

Russian Railways chief executive Vladimir Yakunin on Friday lashed out at Uralvagonzavod for its quality control standards, a day after Russia's largest maker of rail freight cars accused the state railway monopoly of buying fewer units than stipulated in a supply contract.

Stocks Jump on U.S. Spending, Energy Prices

The U.S. Federal Reserve's decision on Wednesday to pump an additional $1 trillion into the financial system boosted prices for stocks and commodities around the world, and Russia was no exception.

At Least 17 Slain in Dagestani Battle

Combined Reports
Three days of intense fighting between police and insurgents in a wooded area of Dagestan ended Saturday with five officers and about a dozen militants left dead, officials said.

No IMF Reforms Seen at G20

Reuters
The summit of leaders from the G20 group of industrial and developing countries is unlikely to bring significant progress on the reform of the International Monetary Fund, First Deputy Prime Minister Igor Shuvalov said Friday.

Bolshoi's Restored 'Coppelia' Is Museum Piece

Special to The Moscow Times
Restoration of the original choreography, decor and costumes of ballet productions created in pre-Revolutionary times has become quite the fashion in Russia during recent years.

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