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. Last Updated: 07/27/2016


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PepsiCo to Invest $250M in Azov

PepsiCo is setting up a $250 million ecosystem of farming and production in the southern city of Azov, opening a new potato chip plant and laying the cornerstone for a beverage plant in close cooperation with Rostov regional authorities.

Putin Bristles Over Leaked U.S. Cables

Prime Minister Vladimir Putin assailed Washington for comments in diplomatic cables released by the WikiLeaks group, raising fresh doubts about the revelations' effect on U.S.-Russian relations.

Kudrin Says Russia Safe on State Debt

Finance Minister Alexei Kudrin said Russia has "passed through the complex time" of the financial crisis and is now "protected from a sovereign debt crisis" like those in some European states.

U.S. Businesses Seek Gains in WTO Entry

With Russia's accession to the World Trade Organization looking likely sometime next year, companies are now starting to contemplate the opportunities that could form on a level global playing field.

Siemens Plans Medical Pilot Projects at Skolkovo

Siemens will most likely do its initial projects at the Skolkovo technology hub in the areas of bio or nuclear medicine, and could show results by late 2011, Siemens Russia vice president Martin Gitsels told The Moscow Times on Thursday.

$165M Plan for Renewable Energy

The World Bank announced the start of a multimillion-dollar greenfield program of consulting and investment in Russian renewable energy that should unleash a “tsunami” of additional projects and funding.

Majority Are Weary of Graft, Survey Says

A majority of Russians are weary of rampant corruption, with 52 percent ready to report graft, according to a just-released annual corruption report by Transparency International.

Black Box Missing After Crash

Investigators said Thursday that an inquiry into the weekend crash of a Tu-154 jet at Moscow's Domodedovo Airport has been hampered by a missing flight recorder, and they denied that it had been stolen from the crash site.

Kremlin Approves Khimki Highway

The Kremlin has approved an unpopular plan to build a highway through the centuries-old Khimki forest north of Moscow, Vedomosti reported Thursday, saying it was the Kremlin's final decision.

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