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. Last Updated: 07/27/2016

05/14/2009

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Ruble Roars Back to 4-Month High

The ruble is up 12 percent from a low of 36.34 to the U.S. dollar in February.

After Putin, Amur Steelmaker Mulls Layoffs

Amurmetal, the only steelmaker in Russia’s Far East, is considering laying off up to 1,600 people, or 25 percent of its staff, until September, Amurmetal Group chief executive Sergei Khokhlov said Wednesday.

Kremlin Sees Threats In Economy, Energy

Russia’s security is threatened by economic instability, potential wars over energy resources and foreign spies, the Kremlin said in a key policy paper released Wednesday.

City Hall Accused of Animal Cruelty

Animal rights groups say dogcatchers poisoned and strangled dogs as they sought to clean up the streets ahead of Eurovision.

Metro Passenger Traffic Falls at Steepest Rate Since WWII
ReutersThe number of passengers using the Moscow metro has fallen at the steepest rate since World War II as the economic crisis drives up unemployment, its chief said Wednesday.

Su-35 Crash During Taxi Tests Blamed on Engine Malfunction

The Moscow Times
A next-generation Su-35 fighter crashed during recent runway tests because of an engine malfunction, the aircraft's maker said Wednesday.

PIK Reports $1.1Bln Loss on Impairments

Reuters
Indebted developer PIK Group swung to a $1.1 billion net loss in 2008 after taking a $967 million asset impairment charge and expects another tough year for Russian real estate as consumer confidence falls.

Levinsky's New Take on 'Krechinsky's Wedding'

Director Alexei Levinsky shows a new side to Alexander Sukhovo-Kobylin's dark and disturbing comedy.

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