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. Last Updated: 07/27/2016

04/03/2009

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Alfa and BasEl Step Back Into Ring

Just two weeks after being pried apart by President Dmitry Medvedev, Alfa Group and Basic Element stepped back into the ring with a round of interviews, publicly making their cases in a fight over credit and collateral.

Ballerina Volochkova Out of Sochi Election

Celebrity ballerina Anastasia Volochkova has been denied in her bid to register as a candidate for mayor of Sochi because she forgot to put her date of birth on a bank deposit slip when submitting the required entry fee, the ballerina said Friday.

Medvedev Warns Against NATO Expansion

The Associated Press
President Dmitry Medvedev said that NATO has a worthy role to play, but he warned against further eastward expansion by the alliance before its summit in France and Germany on Friday.

Klepach Says Q1 GDP Decreased 7%

Combined Reports
Deputy Economic Development Minister Andrei Klepach said Thursday that Russia's economy shrank by 7 percent in the first quarter, Itar-Tass reported, marking a staggering downturn after eight years of oil-fueled growth.

Limousine Hoax Fools a Few Reporters

The Moscow Times
A Moscow Times article describing President Dmitry Medvedev's new armor-plated limousine with caterpillar tracks and ""more curtains"" than U.S. President Barack Obama's limo was an April Fool's joke.

VTB to Open Unit As Arrears Increase

VTB Group on Thursday announced their expansion into yet another financial field, saying it will begin buying up struggling firms' accounts receivable as payment arrears across the country skyrocket.

G20 Cool on Super Currency Idea

Combined Reports
President Dmitry Medvedev got a lukewarm response to his proposal for a new international reserve currency at a G20 summit Thursday, with world leaders focusing on the more immediate need to secure money to bail out the global economy.

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