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. Last Updated: 07/27/2016


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Gref Warns of a New Banking Crisis

Sberbank CEO German Gref warned that a second wave of the crisis was about to sweep over the banking sector on Wednesday, two days after Prime Minister Vladimir Putin told State Duma members that banks were out of trouble.

Moldova Underscores Failed Russian Policy

The Kremlin should be worried that President Voronin and the opposition have turned to the West, not Russia, to mediate.

Exxon's Budget for Sakhalin-1 Ratified

The government said Wednesday that it approved ExxonMobil's budget and work plans for its Sakhalin-1 project, allowing the company to continue development after a two-month standstill.

Renova Wins in Sulzer Battle

Sulzer shareholders ousted chairman Ulf Berg on Wednesday after he lost the support of billionaire Viktor Vekselberg, the Swiss pump maker's biggest investor.

Bargain Hunters Boost X5 Sales 46%

Bargain hunters at X5 Retail Group's discount stores helped lift sales at Russia's top grocer by 46 percent in ruble terms to 63.09 billion rubles. Posted 5:34 p.m.

Yamadayev Suspect Detained

Investigators said Wednesday that a suspect has been detained in the September slaying of Ruslan Yamadayev, a brother of Sulim Yamadayev, who was killed in Dubai last month.

Support for Auto Industry Not Reflected in Officials' Garages

State officials often talk of supporting Russian carmakers in their anti-crisis meetings, but in their private lives they almost exclusively use luxury, foreign-made cars.

Immigrants Will Be Offered Option to Buy Work Licenses

Migration authorities said Wednesday that they plan to offer monthly work licenses to immigrants hired by private individuals in an attempt to reduce illegal immigration and boost government revenues.

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