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. Last Updated: 07/27/2016


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Deputies Balk Over High Cost Of Hotels

The Federal Anti-Monopoly Service said it suspected that Moscow travel agencies were driving up the prices, while local agencies said many other people were refusing to book rooms when they heard they would cost a small fortune.

BNY Mellon Settles $22.5Bln Suit for $14M

The Federal Customs Service has been seeking $22.5 billion from the lender since May 2007, accusing it of helping illegally transfer a total of $7.5 billion out of Russia in the 1990s.

Shuvalov, Ignatyev See Crisis Fading

Now that the financial markets have recovered, the Central Bank will begin to withdraw its collateral-free loan auctions that it instituted in October after liquidity dried up on debt markets, Central Bank Chairman Ignatyev said.

Medvedev Puts Spotlight on Blogger

In January, Medvedev opened his video blog on the Kremlin web site up for comments. He has used the blog to discuss state policy, most notably launching a withering attack on Ukrainian President Viktor Yushchenko in early August.

U.S. Shelves Missile Defense Plans

Czech Prime Minister Jan Fischer said Thursday that President Barack Obama had told him that the United States will not deploy a missile defense system in the Czech Republic and Poland.

Ruble Hits 8-Month High vs. Dollar

The ruble firmed to its strongest since January against the dollar on Thursday, to a rate of 30.33, and was also at its strongest in six weeks against the euro-dollar basket.

NATO Expects to Work Closely With U.S. on Missile Defense

NATO said Thursday that it expected closer cooperation with the United States on developing anti-missile systems, after reports that Washington will shelve plans for a missile defense shield in eastern Europe that has provoked Russian concerns.

Authorities To Release Arctic Sea After Probe

Viktor Matveyev, CEO of Arctic Sea LTD Malta, the ship's owner, railed against the Investigative Committee for holding the vessel for so long and for preventing company representatives from boarding, despite promises to the contrary from both investigators and Maltese officials.

EU Court Adviser Says Alrosa Ruling Should Stand

An adviser to Europe's highest court recommended on Thursday upholding a decision by EU antitrust regulators that forced world number-one diamond producer De Beers to stop buying diamonds from Russia's Alrosa to make for more diamonds on the market.

S. Ossetia Purportedly Burns Scores Of Books

But South Ossetian authorities denied the book burning, and the rector of the university where it purportedly occurred said only "obsolete textbooks" had been discarded and they hadn't been burned.

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