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. Last Updated: 07/27/2016

07/13/2009

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Leaders Say G8 Losing Its Currency

Against a growing chorus to expand the Group of Eight, President Dmitry Medvedev spoke on Friday in favor of keeping the G8 format as a useful tool for international policymaking.

Historical Web Site Shut Over ‘Mein Kampf’

A popular web site used by historians to explore the often-murky Soviet past has been blocked for publishing Adolf Hitler’s “Mein Kampf,” in what appears to be a case of selective justice.

Central Bank Lowers Rate, Defends Ruble

Reuters
The Central Bank cut interest rates Friday for the fourth time in more than three months as part of a campaign to encourage commercial banks to kick-start the economy by offering affordable loans.

Mechel Has Q1 Loss of $691M

Reuters
Mechel became the country’s fourth coking coal and steel sector player to post a first-quarter loss as weak demand and forex losses weighed on its bottom line, though it said Friday that a debt refinancing deal was imminent.

Markets Seek Balance After Fall

The second half of 2009 continued in a dramatic and downward fashion last week, with Russian equities shedding more than 10 percent, the ruble taking a beating, and oil prices retreating.

Market Closure Stirs Fears of Crime

The closure of Moscow’s sprawling Cherkizovsky Market, which left tens of thousand of people jobless, might lead to an increase in crimes by migrants, a nationwide organization for migrants said Friday, calling on authorities to provide financial support to the jobless migrants.

Vinyl Devotees Keep Records Hot

Huddled around boxes of albums of the best soft rock from the last thirty years, a dozen middle-aged men and women talk and chat outside the Gorbushka market on a Sunday afternoon.

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