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. Last Updated: 07/27/2016


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Moscow Finishes 2nd as City of Billionaires

Forbes has released its global billionaires list, which has steel magnate Vladimir Lisin ranked as the world's 32nd richest person with $15.8 billion.

Russia Pledges to Build 12 Nuclear Reactors in India

Russia will build at least 12 nuclear reactors for power stations in India, the head of its state nuclear corporation said on Friday, as Prime Minister Vladimir Putin visited to India to reaffirm decades-old ties.

Duma Passes Anti-Corruption Bill

The Associated Press
A presidential bill that would allow suspects in economic crimes to be released on bail instead of being jailed won a tentative approval by the State Duma on Friday.

Postal Bank Could Cost up to $10Bln

By Tatyana Voronova / Vedomosti
Vneshekonombank expects that the creation of a postal bank based on Svyaz-Bank and Russian Post will cost $5 billion to $10 billion, Vedomosti has learned.

Azarov Is Close Ally of Yanukovych

Mykola Azarov, who was appointed prime minister on Thursday, is an old ally of new President Viktor Yanukovych and served as a stop-gap acting prime minister during the 2004 Orange Revolution turmoil.

Lithuania Celebrates 20 Years Since Soviet Split

The Associated Press
Lithuania celebrated the 20th anniversary of its declaration of independence from the Soviet Union on Thursday, recalling the seminal events that set the Baltic nation on a path to freedom and helped lead to the collapse of the U.S.S.R.

Ukraine's New Premier Vows to Tackle Economy

Mykola Azarov says he will invite the IMF “as soon as possible” and win approval for a realistic version of the much-delayed 2010 budget.

CSKA Surprises Shareholders With Profitable Forecast

By Alexei Rozhkov / Vedomosti
Russian football teams may start bringing their shareholders something other than losses, with CSKA becoming the first to say it hopes to earn a profit of $168,000 this year.

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