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. Last Updated: 07/27/2016

05/10/2010

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Show of Unity Rings Hollow on Victory Day

Many world leaders sidestepped Sunday's Victory Day parade, and Georgia did not receive an invitation. But troops from NATO countries marched on Red Square for the first time.

Putin Throws Weight Behind Rival Black Sea Base

Prime Minister Vladimir Putin has toured the construction site for Russia's own naval base in the Black Sea on a trip emphasizing the government's commitment to finish the $3 billion project.

Volatility, Greece Cause Market Nosedive

Russian markets made their steepest drop since October, diving deeper into a correction after investors abandoned emerging markets.

5 NGOs to Dole Out $33M in State Grants

The order from President Dmitry Medvedev names the same organizations that did the job last year and that experts say are close to the state and the ruling United Russia party.

Banya Season Starts With the Water Shut-Off

Muscovites are preparing for cold showers — or hot banyas — as the authorities begin shutting off hot water throughout the city Tuesday, an annual summer ritual.

Exiled Oil Boss Gutseriyev Returns to Russia

Reuters
The rehabilitation of Mikhail Gutseriyev appears to be linked to the role the billionaire might play in calming tensions in the North Caucasus.

Clock Ticking After Twin Mine Blasts Kill 32

Twin weekend explosions at a Kemerovo region mine, the country's biggest producer of coal for the steel industry, killed at least 32 miners and rescuers and injured 71 others, officials said Monday.

Military Says Pirates Are Freed

AP
The pirates seized by a Russian warship off the coast of Somalia have been released because of "imperfections" in international law, the Defense Ministry said Friday. The claim sparked skepticism — and even suspicion that the pirates might have been killed.

Construction Starts on Replica of Wrecked Georgian Monument

AP
Top leaders of Georgia's opposition joined Prime Minister Vladimir Putin to lay the cornerstone for a replica in Moscow, half a year after Georgia blew up a huge memorial honoring the Red Army's fight in World War II.

Pirate Gets 5 Years in Arctic Sea Case

The Moscow Times
An Estonian-born man was convicted of piracy and handed a five-year sentence by the Moscow City Court over the purported highjacking of the Russian-staffed Arctic Sea freighter last summer, Interfax reported.

Bomb Kills 2 Near Base in Dagestan

AP
A bomb exploded as a car was passing near a military base on Sunday, killing two people, and a soldier was killed in a separate blast in the same city where a bombing exactly eight years ago killed scores.

Kremlin Links Iran With U.S. Trade Ban

Reuters
A senior Kremlin official said Russia expects the United States to lift bans on trade with state arms exporter Rosoboronexport and three other Russian firms if Russia backs new sanctions against Iran.

Medvedev Gives Poland Long-Sought Katyn Files

AP
President Dmitry Medvedev on Saturday turned over scores of volumes from an investigation into the Katyn massacre to his Polish counterpart.

Residential Developer PIK Says Demand Is Helping its Recovery

Reuters
Residential developer PIK said Friday that improving demand for housing was driving its recovery in 2010 from a market collapse that had kept it in the red for a second straight year in 2009.

RGI Plans $1.3Bln Investment in Middle-Class Housing

Reuters
Developer RGI International plans to invest $1.3 billion in its economy-class residential project in Moscow as market distress is forcing it to broaden beyond the high-end property segment.

OGK-5 Says Q1 Profit Rose on Increased Power Demand

Reuters
Power producer OGK-5 said Friday that its first-quarter net profit more than doubled to 2.5 billion rubles ($86 million) as demand for power picked up on the back of a broad economic recovery.
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