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. Last Updated: 07/27/2016


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Army Wants to Buy French Warship

Russia’s top general also said Wednesday that the military has deployed advanced air defense systems on the border with North Korea and will press ahead in developing the beleaguered Bulava missile.

Putin Slams U.S. on Anniversary of Recognizing Rebel Regions

Prime Minister Vladimir Putin on Wednesday marked the first anniversary of Russia’s recognition of South Ossetia and Abkhazia by saying more governments will eventually defy U.S. “pressure” and establish diplomatic ties with the tiny separatist regions.

Investors Will Block Naftogaz Debt Deal

A group of Russian investors, including the former head of a Gazprom affiliate, plans to block any attempt by Ukrainian gas utility Naftogaz to restructure a $500 million bond that matures next month.

X5 Reports 87% Rise in Q2 Net Profit

Food retailer X5 reported an 87 percent increase in second-quarter net profit on Thursday, including a steep currency gain, while margins fell after it cut prices to lure customers. Posted 12:42 p.m.

Gazprom Profit Falls 61%, Tops Forecasts

Gazprom saw net profit fall in the first quarter, when it paid more for Central Asian gas and incurred foreign exchange losses, but is expected to bounce back in the rest of 2009.

Car Exhibition Attracts a Meager Crowd

Last year’s Moscow Car Show was hailed as an up-and-coming international event and a symbol of Russia’s surging market.

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