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. Last Updated: 07/27/2016


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State Rolls Out Small Business Plan

Economic Development Minister Elvira Nabiullina rolled out a three-year development program worth 740 billion rubles ($23 billion) for small and medium-sized businesses at the state Presidium meeting on Monday in an ambitious reflection of the government's unprecedented interest in this long-neglected sector of the economy.

U.S. Diplomat Flies In for Key Nuclear Talks

Crucial disarmament talks kick off in Moscow on Tuesday when U.S. Assistant Secretary of State Rose Gottemoeller meets with Foreign Ministry officials to discuss replacing the 1991 Strategic Arms Reduction Treaty, or START I.

Moscow Touts Its Work on Eurovision

As workers were busy removing posters and billboards for the Eurovision Song Contest, Moscow’s deputy mayor on Monday praised the city’s organization of the glitzy event, saying it was conducted “at the highest level.”

Output Data Boosts Fears of Instability

Industrial output fell by a record 16.9 percent year on year in April, far more than was expected, boosting economists' fears that Russia is entering a new phase of the financial crisis.

State Moves to Boost Affordable Housing

More and more Russians have the means and desire to purchase their own homes, but in order for that to happen the government needs to boost demand and increase access to affordable housing, the Regional Development Ministry said.

State Firm Heads Told To Declare Incomes

The Moscow Times
President Dmitry Medvedev has signed five decrees expanding the number of officials who will have to declare their incomes and property and detailing the disclosure procedures, the Kremlin press service said Monday.

Iraq Rejects $8Bln Nabucco Deal

The Iraqi government on Monday rejected an $8 billion Kurdish plan to fill the Nabucco pipeline with gas for Europe, a major setback to a project designed to reduce the continent's reliance on Russian energy.

Euro's Share In Reserves Overtakes U.S. Dollar

The euro's share in Russia's forex reserves, the world's third-largest, overtook that of the dollar last year as the country pressed on with a gradual diversification, the Central Bank's annual report showed.

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