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. Last Updated: 07/27/2016


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Sberbank Workers Embezzle $180M

A group of Sberbank employees has defrauded the company of more than $180 million, which was issued in fraudulent loans from a Moscow branch, the Interior Ministry said Tuesday.

Navy Arrests 8 for Piracy on Mystery Ship

The Navy has seized eight hijackers from the missing cargo ship the Arctic Sea during a top-secret operation involving Russian and NATO forces, officials said Tuesday.

Peres Says Kremlin to Reconsider Missile Sale to Iran

The Associated Press
President Dmitry Medvedev made the pledge to the Israeli president during their talks Tuesday in the Black Sea resort of Sochi, Peres said Wednesday. Posted 4:49 p.m.

24-Karat Bedroom for Interior Ministry

The Interior Ministry is looking to spend 24.4 million rubles ($764,000) on new furniture, including a bedroom suite decorated with pure gold, according to publicly available documents. Posted 2:03 p.m.

Troika Clients Earn Big on Ruble Fall

By Timofei Dzyadko / Vedomosti
As the ruble plummeted last fall, Troika Dialog’s clients received an offer that was hard to refuse — an interest rate of up to 39 percent for letting the investment bank place their cash with French lender BNP Paribas.  

City Starts Razing Cherkizovsky

City authorities on Tuesday began demolishing the sprawling Cherkizovsky Market, which was closed in June over sanitary and safety violations amid a broader crackdown on smuggling.

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