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. Last Updated: 07/27/2016


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Russia's Ambassador Finally Arrives in Kiev

President Dmitry Medvedev refused to send the  newly-appointed ambassador Mikhail Zurabov to Kiev as long as Viktor Yushchenko was president.

Roaring Success of 'Avatar' Puts Focus on 3-D

Movie theaters scramble to upgrade their screens to accommodate demand for the more expensive 3-D experience.

Sales Prices Inch Up For City Apartments

Average prices in the capital, excluding elite housing, rose $14 per square meter last week to $4,079, continuing an upward trend that is being stimulated by lower mortgage rates.

MICEX, 4 Others to Host State Tenders

As of July 1, electronic trading sites run by Sberbank, RTS, MICEX and the Moscow and Tatarstan governments will soon become the only venues where purchases by the federal government can be made, he said.

Ex-Cop Threatens to Jump From Moscow Bridge

The Moscow Times
The former beat cop in the Perovo district in eastern Moscow was fired from the city police force four years ago and evicted from an apartment that the city had provided for the duration of his service on the police force.

117 Hospitalized After Drinking Holy Water

A spokesman for local investigators told The Associated Press on Monday that 117 people, including 48 children, are in the hospital complaining of acute intestinal pain after drinking water from wells around a local church last week.

PIK Founders Face Angry Bank After Failed Restructuring

By Bela Lyauv / Vedomosti
PIK Group's founders Yury Zhukov and Kirill Pisarev may lose control of the company after a bank demanded payment of $276.7 million for a loan and penalties and threatened to begin recovery proceedings against their controlling stake.

Preamble Reached on Nagorno-Karabakh

The presidents of Armenia and Azerbaijan agreed to a preamble for a peace deal on the disputed enclave during talks with President Dmitry Medvedev.

Kudrin: Tax Breaks for East Siberian Oil Fields Hurting Budget

By Maxim Tovkailo / Vedomosti
A tax break won by the oil industry last year that eliminated export duties for 13 fields in eastern Siberia is taking an unexpectedly high toll on budget revenue and has the Finance Ministry alarmed.

Tigipko Pushes for Renewal of Russian Gas Deal

The Ukrainian millionaire said he was ready to serve either presidential candidate as prime minister as long as he had their backing for "unpopular measures" to modernize the struggling economy, but he added that gas agreements signed with Russia a year ago should be looked at again.

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