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. Last Updated: 07/27/2016


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EU Report: Georgian Attack Started War

The Associated Press
The report on the five-day war in August 2008 lay blame on both sides but cited Georgia as starting the conflict with its night shelling in South Ossetia — an act it said was not justifiable under international law.

Central Bank Makes Surprise Cut in Key Rates

A Central Bank deputy chairman justified the 50 basis point cut by saying stalling credit growth and falling industrial output are placing economic recovery in jeopardy.

Georgia Feud Erupts In Council of Europe

Russian lawmakers reacted with anger and indignation over motions passed by human rights watchdog the Council of Europe that accused Moscow of continued aggression in Georgia.

Threats Send Rights Activist Into Hiding

Alexander Podrabinek went into hiding on Monday, saying he has received death threats after writing an article critical of a group of military veterans who had lobbied to change the name of a Moscow restaurant.

State to Resettle Some Single-Industry Towns

By Alexandra Terentyeva / Vedomosti
Concerned that the situation in 17 single-industry towns could collapse at any time, the government will help resettle residents in such cities that are depressed and diversify the industries of those classified as progressing.

Ministry Puts 4-Year Cost For Olympics at $33Bln

By Maxim Tovkailo / Vedomosti
Expenses for the 2014 Sochi Olympics appear to have increased sixfold from a previous estimate.

Moscow Planners Told To Draw In More Banyas

Mayor Luzhkov said Tuesday that Moscow’s development plan for the next 15 years needs “more work,” citing in particular city residents' complaints about the lack of social facilities such as clinics, pools and banyas.

Ukraine's Naftogaz Seeks Debt Restructuring

The Associated Press
The debt-laden company, a crucial link for supplies of Russian natural gas to Europe, is seeking to restructure $1.65 billion in foreign debt coming due this year.

Putin Calls for Less State Intervention

While it is necessary that the government not withdraw its stimulus and that it continue to support faltering firms, the state needs to start focusing on reducing its influence in the economy, the prime minister said Tuesday.

Human Error Blamed for Midair Jet Collision

The Moscow Times
Two planes in the Russian Knights flying team collided Aug. 16 at a rehearsal for the air show above the Moscow region town of Zhukovsky.

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