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. Last Updated: 07/27/2016


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Putin Promises More Aid to Abkhazia

Prime Minister Vladimir Putin promised military protection and more financial aid to Abkhazia on Wednesday during a one-day visit to the breakaway republic that infuriated Tbilisi.

An $8Bln Olympic Road With No Direction

For all the fanfare and magnitude of what has been deemed “the most important Olympic project,” no official route for the Krasnodar region road has even been determined.

Regulators Intervene To Bolster the Ruble

The Central Bank waded into the currency market for the second day running on Wednesday to keep the ruble from wilting further amid weak oil prices and disappointing economic data, traders and analysts said.

Surkov Writes Novel About Corruption

Vladislav Surkov, the Kremlin’s powerful first deputy chief of staff, has written a novel about corruption among senior officials under a pen name. Posted 4:40 p.m.

New Airline to Start $8 Flights to 4 Cities

New low-cost airline Avianova will begin flying out of Vnukovo Airport to four Russian cities on Aug. 27, with one-way tickets starting at 250 rubles ($7.70), Avianova director Vladimir Gorbunov said Wednesday.

Bill Gives Priority to Gas Power

The government submitted a bill that would give priority access to the wholesale electricity markets to electricity stations that are fueled by associated gas, the Energy Ministry said Wednesday.

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