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. Last Updated: 07/27/2016


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Gone Are the Days of Farsighted Advertisers

Swedbank, the Swedish banking giant, rolled out a 35 million ruble ($1 million) brand awareness campaign last fall to herald its entry into the Russian retail market.

Klepach Sees Inflation Down as GDP Drops

Inflation will likely slow this month and the economy will continue to shrink in year-on-year terms for the next two quarters, Deputy Economic Development Minister Andrei Klepach said Monday.

Putin Wary of Ukrainian Gas Deal

Combined Reports
Prime Minister Vladimir Putin threatened to review ties with the European Union over gas supplies should Russian interests be ignored and called a plan presented by Kiev on Monday "ill-considered and unprofessional."

RenCap: Prokhorov Offers RBC a Bailout

Combined Reports
Billionaire Mikhail Prokhorov, Russia's richest man, has offered to bail out indebted financial news provider RBC, investment bank Renaissance Capital said Monday, boosting the media firm's stock more than 30 percent.

Nemtsov Is Attacked After Critical Report

The Associated Press
Boris Nemtsov, the Kremlin critic running for Sochi mayor, said he was doused with ammonia Monday in an attack that he blamed on the government.

Medvedev Says Sochi Games Will Be Funded

President Dmitry Medvedev on Monday brushed aside concerns that a deepening economic crisis could scupper billions of dollars in state funding for the country's 2014 Winter Olympics.

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