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. Last Updated: 07/27/2016

06/22/2009

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Putin Signs Anti-Crisis Plan, Part 2

The government’s first anti-crisis plan contained a staggering 55 points. Its second, signed by Prime Minister Vladimir Putin on Friday, has just seven.

Court Marshals Order Sale of Telenor Stake

The Federal Court Marshals Service on Friday ordered the state to auction off Telenor’s 26.6 percent stake in VimpelCom, a move that the Norwegian telecoms company said made the possibility of losing the shares “quite realistic.”

Rosneft Boosts Powers of Board of Directors

State-controlled Rosneft drastically expanded the powers of its board of directors at its annual shareholders meeting Friday as it announced plans to increase output and develop a major new field.

State Plans to Limit Bank Bailout Funds

Reuters
The government plans to cut off recapitalization funds to all but its biggest banks, leaving the thousand or so outside the top 60 with no access to state funds under a new bill.

LUKoil to Buy Stake in Dutch Refinery

Reuters
LUKoil will buy a stake in a Dutch refinery from France's Total, gaining a foothold in northwest Europe and blocking a bid by the largest U.S refiner, Valero, to enter the region.

Medvedev Offers to Cut Nukes

Reuters
Russia is ready to drastically cut its nuclear stockpiles in a new arms pact with the United States if Washington meets Moscow's concerns over missile defense, President Dmitry Medvedev said Saturday.

New Rules, New Art At MMOMA Show

The exhibition “The Future Depends On You. New Rules,” provides the visitor with a comprehensive look at the Russian contemporary art scene with over eighty artworks — including paintings, videos, photographs and installations — in place on the third floor of the Moscow Museum of Modern Art.

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