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. Last Updated: 07/27/2016


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Obama, Medvedev Seek a New Start

Presidents Barack Obama and Dmitry Medvedev announced at their much-anticipated first meeting Wednesday in London that Washington and Moscow would negotiate a new nuclear arms reduction treaty by year-end.

Small Investors Feel Duped by 'People's IPOs'

Two years ago, Moscow-based IT manager Vladimir Sinyakov put some 40 percent of his savings into shares of previously state-owned VTB Bank.

MOL Suspects OMV Was a 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.

Magnit to Aggressively Expand

Regional food retailer Magnit reported better-than-expected 2008 results for net income and revenue on Wednesday, and it pledged to carry its aggressive expansion plan into 2009.

Dubai Frees Retired Russian Navy Officer

Dubai police on Wednesday released a retired Russian naval officer detained on suspicion of involvement in the murder of Chechen strongman Sulim Yamadayev over the weekend in the emirate, the suspect's brother said.

Pipeline Blast Stops Gas to Balkans

Russian gas supplies to the Balkans were restored at 90 percent of normal flows after a sharp drop early Wednesday caused by a blast on a 30-year-old pipeline in a separatist region of Moldova.

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