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. Last Updated: 07/27/2016


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Putin to End Rule On Cash Registers

The government will ease life for small businesses by simplifying their taxes and ditching a requirement that they must all use cash registers, Prime Minister Vladimir Putin said Wednesday.

TNK-BP Bids for Minority Sibir Stake

TNK-BP began a blitz bid Wednesday to buy a minority stake in smaller rival Sibir Energy, offering an impressive £4.30 per share, 2 1/2 times more than its last closing price.

U.S. Owner of Siberian Pizza Chain Detained

Eric Shogren is accused of failing to pay taxes of more than 9 million rubles. His wife links his problems to the financial crisis.

Gazprom Neft Buys Italy Assets

Combined Reports
Gazprom Neft extended a Russian push into European refining and marketing on Wednesday by buying Italian oil operations from U.S. oil major Chevron.

Ingosstrakh Notes Skyrocketing Fraud

The insurer estimates that 80 percent of arson claims are fraudulent.

Police Stage Murder Of Pregnant Rector

Three employees of St. Petersburg's State Polar Academy -- including a top administrator -- have been arrested on suspicion of plotting to kill the academy's rector after undercover police in the northern capital staged her murder.

Arms Dealer May Not Fill All Orders

The Moscow Times
State-owned arms exporter Rosoboronexport may not be able to fill all of its international orders this year, Alexander Brindikov, chairman of the company's board of advisers, said Wednesday.

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