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. Last Updated: 07/27/2016


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Putin Orders Banks to Lend $13Bln

He also considers raising taxes next year on natural gas extraction, tobacco, alcohol and gasoline to plug a budget deficit.

Clock Ticking Down on the Gambling Ban

About 4,500 people dropped in on the EELEX International gaming industry exhibition last year. This month, the annual event attracted more than 10,200 — all eager to come to grips with an industry that will be banished to four far-flung regions of Russia from midnight.

Gazprom Gets Priority for Azeri Gas

Gazprom and Socar signed a deal Monday giving the Russian company first rights to Azeri gas previously seen as reserved for the Nabucco pipeline, capping President Dmitry Medvedev's ""short but intensive"" visit to Baku.

VTB Plans Layoffs As Bad Loans Swell

VTB Group may lay off as many as 1,000 employees at its retail banking operations as overdue loans threaten to reach 8 percent of its portfolio, executives said Monday at the annual shareholders meeting.

'Europe's Last Pagans' Worship in Marii-El Grove

More than 50 worshippers gathered in a sacred grove on a hot June afternoon outside the village of Marisola.

Israel Bans Flights, Citing Security

and Alexander Rose
Israel said Monday that it was barring flights from southern Russia over poor security at airports, including the ones that serve Sochi and Rostov-on-Don.

Mitvol Accepts Job As Moscow Prefect

The former environmental inspector says the mayor will officially announce his appointment to the city's northern district Tuesday.

High Mortality Among Men Undercuts Moscow's Pro-Birth Policies

Extremely high mortality rates among Russian men of child-bearing age, rates far higher than those in other developed countries and largely the result of alcohol consumption and drug abuse, are undercutting not only Moscow's efforts to solve the country's demographic problems with pro-birth policies but also its hopes to modernize the Russian economy.

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