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. Last Updated: 07/27/2016


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Luzhkov, a Market and a $2Bln Haul

Last September, a police raid on Moscow’s sprawling Cherkizovsky Market resulted in the confiscation of 6,000 containers of purportedly pirated and smuggled goods from China worth $2 billion — the biggest haul of contraband in Russia’s history.

Medvedev Looks to Harness Young IT Talent

An IT company’s sterile white offices are not the typical venue for a Kremlin meeting. But they seemed quite fitting for the launch of President Dmitry Medvedev’s newest commission Thursday.

Mechel Makes Play for Coke Market

The company reopens three coke batteries outside Moscow in an attempt to snap up greater market share.

Carrefour Opens First Russian Store

French retail giant Carrefour opened its first Russian store Thursday, hoping to become a leading player despite a late arrival on the domestic market.

Oil Tax Plan Would Ease Burden on New Fields

By Kirill Khripunov / Vedomosti
The majority of new oil projects in Russia will not be profitable even with oil prices at $150 per barrel, according to an Energy Ministry proposal on how to reduce taxes at undeveloped fields.

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