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. Last Updated: 07/27/2016


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Ad Agency Nixes Billboards Satirizing Crisis

A radio station's advertising campaign needling officials and lampooning the government's anti-crisis measures has been largely shelved after an advertising firm deemed the content "too offensive and provocative."

MOL Suspects OMV Was Surgut Front

Combined Reports
OMV's sale of its stake in MOL to Surgutneftegaz earlier this week raises the suspicion that the Austrian oil and gas company was always just a front for the Russian group, Hungarian refiner MOL said Wednesday. Posted 3:24 p.m.

Sverdlovsk Governor Stands Up for RusAl

The Sverdlovsk region government said Tuesday that it sent a letter to Prime Minister Vladimir Putin asking him to help United Company RusAl by lowering electricity rates, a request dismissed by electricity sector experts and regulators as unfair and illogical.

Khodorkovsky Wants Putin to Testify in Court

Former Yukos CEO Mikhail Khodorkovsky called on the court Tuesday to summon Prime Minister Vladimir Putin to testify at his second trial and jokingly invited prosecutors to join him in the glass-and-steel defendant's cage.

Medvedev Takes On 'The Beast'

The Moscow Times
President Dmitry Medvedev is to arrive in London for the G20 summit on Wednesday in a specially designed ZiL limousine that one Kremlin official said dwarfs U.S. President Barack Obama's $300,000 armor-plated limousine.

OECD Sees GDP Shrinking 5.6%

Combined Reports
The Organization for Economic Cooperation and Development on Tuesday gave the most pessimistic outlook for the Russian economy to date, saying it would shrink by 5.6 percent, despite new upbeat comments by government officials.

Alstom Buys 1/4 of Train Firm

Combined Reports
French engineering giant Alstom said Tuesday that it agreed to acquire a 25 percent stake in the parent company of train maker Transmashholding for an undisclosed total amount.

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