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. Last Updated: 07/27/2016


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Medvedev Will Tempt Fate in 2012

President Dmitry Medvedev on Tuesday followed Prime Minister Vladimir Putin's lead in saying that he did not exclude the possibility that he would run for the job again.

Chaika Says Owners Liable for Wages

Wage arrears are regulated by the country’s Criminal Code, which outlines punishments for guilty executives ranging from a fine to prohibition from certain posts for several years to imprisonment, depending on the gravity of the violation.

Toy Car Production Could Come to Tolyatti

The proposal — which comes as the state is looking for ways to cope with failing in factories to prevent social unrest — could help diversify Tolyatti's economy away from reliance on the auto giant.

Hermitage Lawyer Sent Back to Jail

Prosecutors accuse Sergei Magnitsky, a partner with the Firestone Duncan auditing firm, of being directly involved in developing and executing a scheme in which the Britain-based Hermitage fund evaded 100 million rubles in taxes in 2002.

Telenor Doesn’t Expect To Win Appeal of Fine

In February, little-known company Farimex demanded that Telenor pay a fine for blocking VimpelCom's expansion in Ukraine a few years ago, and the Norway-based telecoms firm has been appealing ever since.

Watchdog Dismisses IKEA Case, Maintains Firm’s Guilt

The Moscow Times
The Federal Anti-Monopoly Service was unable to uncover any agreements between IKEA and insurance companies and decided to dismiss the case, it said in a statement.

Guinea-RusAl Dispute Sends Warning Sign to Miners

Resources firms with operations in Guinea will be unsettled by a court decision to rescind a deal with RusAl, but even a jumpy Guinean administration is unlikely to throw out the economically vital miners.

Venezuela Looks to Russia for Help on Nuclear Energy

The Associated Press
Hugo Chavez wants to join the nuclear energy club and is looking to Russia for help in getting started.

Chechnya Suicide Bombing Injures 6

Combined Reports
A suicide bomber, strapped with an explosives belt, blew up explosives next to a police car in downtown Grozny on Wednesday morning.

In Lithuania, Lukashenko Stresses Ties with Russia

The Associated Press
On his first trip to neighboring Lithuania in 11 years, the Belarusian president said Wednesday that he was not about to change his ways, nor give up close ties with Russia, just to gain favor with Europe.

Bank of NY, Government to Sign Settlement

The Associated Press
Finance Minister Alexei Kudrin says terms have been reached for an out-of-court settlement of a $22.5 billion Russian government lawsuit against Bank of New York Mellon and that the agreement is to be signed soon.

Shuvalov Says Economy Won't Recover Fully Before 2012

The Associated Press
Deputy Prime Minister Shuvalov told the State Duma on Wednesday that despite upbeat forecasts, no one in the government thinks the crisis is over.
President Medvedev walking through Red Square as he arrives for a meeting with members of the Valdai group in the GUM department store Tuesday.

Issue 4233

President Medvedev walking through Red Square as he arrives for a meeting with members of the Valdai group in the GUM department store Tuesday.

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