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. Last Updated: 07/27/2016


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Power Industry Faces Tighter Control

As the power industry recovers from the shock of last week’s disaster at the Sayano-Shushenskaya hydropower plant, the government was told to develop regulations to keep price volatility in check.

South Ossetia Turns One With Photo Exhibit

The separatist region’s leader warns that Georgia is rearming at a ceremony attended by top lawmakers and other officials.

Watchdog Threatens Crackdown on Oil Giants

Anti-monopoly chief Igor Artemyev promised an imminent crackdown on the country’s oil producers if they continue their tactics of collusion, saying rules going into effect Sunday would give him expanded powers to punish violations.

Foreign Investment Declines 45% in H1

Foreign direct investment plummeted an annual 45 percent, the most on record, to $6.1 billion in the first six months of the year as the economy contracted at a record pace, the State Statistics Service said Friday.

Oil Rises to 10-Month High as Dollar Falls and Revival Looms

Oil rose nearly $1 toward $74 a barrel to settle at a 10-month high on Friday as data in the United States promised economic recovery and a potential revival in energy demand.

Suspected Hijackers Appear in Court

The eight suspected hijackers of the Arctic Sea cargo ship that went missing in the Atlantic Ocean appeared in a Moscow court on Friday to be formally charged with piracy and kidnapping.

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