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. Last Updated: 07/27/2016


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Jobless Rate Climbs To 10%

The unemployment rate hit 10 percent last month and will continue to grow, but at a much slower pace, for the rest of the year, the Economic Development Ministry said Monday.

Moscow Cop Kills 3 in Rampage

An off-duty police officer went on a shooting spree in a Moscow supermarket early Monday, killing three people and wounding six, after quarreling with his wife on his birthday.

Sberbank's Q4 Earnings Down 80%

Sberbank saw its fourth-quarter earnings tumble 80 percent to 7.5 billion rubles ($224 million), largely in line with analyst projections, driven mainly by increased provisions for nonperforming loans.

Leading Doctor Urges Calm on Swine Flu

Combined Reports
Russia's top respiratory doctor called for calm on Monday as health officials began screening all air passengers arriving from the Americas for symptoms of swine flu, which has killed at least 80 people in Mexico and spread as far as New Zealand.

Pakhomov Sweeps 77% of Sochi Vote

United Russia's candidate and acting Mayor Anatoly Pakhomov was declared the winner of Sochi's mayoral election Monday, leaving the opposition crying foul in the country's most high-profile vote this year.

Russia to Take Out $16.9Bln In Local Loans

The Moscow Times
Russia will borrow 560 billion rubles ($16.9 billion) on the local debt market this year as the country faces a 2009 budget deficit that could rise above its planned 8 percent limit, Finance Minister Alexei Kudrin said Sunday in Washington.

Deripaska Returns His Stake in Strabag

Combined Reports
Strabag's biggest shareholders will agree this week to take over Oleg Deripaska's 25 percent stake in Central Europe's biggest construction company.

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