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. Last Updated: 07/27/2016

07/16/2009

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Rights Activist Abducted and Killed

Natalya Estemirova, a prominent human rights activist who documented abductions and murders in the North Caucasus, was snatched off a Grozny street Wednesday morning and found dead hours later along an Ingush highway.

GDP Beats Forecast but Bad Debts Loom

The economy contracted by a less-than-expected 10.1 percent in the first half of 2009, the Economic Development Ministry said Wednesday, but an OECD report warned of tough times ahead if Russia doesn’t deal with bad debt.

Opel on Medvedev’s Agenda in Germany

President Dmitry Medvedev and German Chancellor Angela Merkel have a long list of business to discuss when they meet in Munich on Thursday, but perhaps none is so pressing as a Russian-backed bid for control of Opel.

Banks ‘Agree’ to Cap Interest Rates at 18%

The Central Bank and lenders have “reached an agreement” that beginning next month, no new deposits will be offered at interest rates above 18 percent, deputy chairman Gennady Melikyan said Wednesday.

Central Bank Official Foresees Growth in Lending

Vedomosti
Bank assets rose and bad debts grew at a slower rate in June for the first time in five months, leading a top Central Bank official to forecast a growth in lending.

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