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. Last Updated: 07/27/2016

05/27/2009

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Rosatom Clinches Milestone U.S. Deal

Rosatom announced a landmark deal Tuesday to supply U.S. companies with enriched uranium fuel, in what is the first commercial nuclear energy contract between Russian and U.S. corporations.

DST Pays $200M For 2% of Facebook

Facebook announced Tuesday that it had sold a nearly 2 percent stake to Moscow-based Digital Sky Technologies in a deal that values the social networking site at $10 billion.

Big Stakes but Little Sway With Pyongyang

Shortly after North Korea tested a powerful nuclear bomb on Monday, the Primorye region deployed a team of meteorologists to check radiation levels in the air. They had good reason to be nervous: The underground test was carried out less than 100 kilometers from the Russian region's border with North Korea.

Internet Advertising Poised to Grow

Russia’s once-booming advertising market will contract by at least 10 percent this year, but Internet advertising remains unaffected and looks poised to grow, ad executives said Tuesday.

Cops Will Have to Declare Income to Bosses
By Natalya Krainova / The Moscow TimesTaking a cue from President Dmitry Medvedev's transparency drive, a senior Interior Ministry official said Wednesday that rank-and-file police officers — widely seen as the country's most corrupt public servants — will be required to show their tax declarations to their bosses.

Refusal to Pay Back Friend Sparks Probe

In a landmark case, a Kirov man faces criminal charges for refusing to repay a loan that he took from an acquaintance, authorities said Tuesday. While there have been a handful of criminal cases in recent years against borrowers refusing to pay back loans to banks, the investigation of the Kirov man, whose full name has not been released, is the first such case involving a delinquent loan from an individual lender, Kirov region court marshals said.

Small, Big Businesses Petition Government

Despite the billions of rubles the government has earmarked to support private businesses, Russian entrepreneurs said Tuesday that they were still unsatisfied.

Francophone Slant to Chekhov Theater Festival

If it works once, it’s worth repeating. That is a motto that might describe the 8th Chekhov International Theater Festival in Moscow — although only in part.

Safina Steamrolls Compatriot to Advance at French Open

Reuters
World tennis No. 1 Dinara Safina was not expecting a pat on the back from her coach despite demolishing fellow Russian Vitalia Diatchenko 6-1, 6-1 to storm into the third round of the French Open on Wednesday.

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