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. Last Updated: 07/27/2016

08/03/2009

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Banks Loom Large at Moskva-City

Sberbank and VTB own or hold mortgages on nearly every building going up in the Moskva-City business district, an unexpected outcome of the financial crisis that has forced the state banks to add the risky portfolio of real estate to their traditional business of lending.

Lukashenko Holds Out on Joint Task Force

But the Kremlin secures another regional security initiative: a bigger military force in Kyrgyzstan.

AvtoVAZ Workers Prepare for Protest

AvtoVAZ workers are set to begin protests this week after the carmaking giant halted production for a month on Friday because of overflowing inventories and flagging demand.

EU, Ukraine, Banks Agree on Gas Deal

Combined Reports
The European Union, Ukraine and international lenders reached a deal Friday on gas sector reforms that would pave the way for $1.7 billion in loans to support gas deliveries to Western Europe.

Putin Sees No Threat to Lake Baikal

Reuters
Prime Minister Vladimir Putin said Friday that he may reopen a paper mill after inspecting the bed of Lake Baikal and being told by scientists that the mill does not harm the environment.

State Weapons Firm Executive Shot Dead

A manager of Almaz-Antei is killed at close range in the third contract killing in Moscow
in three days.

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