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. Last Updated: 07/27/2016

05/26/2010

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Medvedev Pitches Russia as Financial Haven

The president suggested to visiting U.S. fund managers that Russia offers an alternative to the stricter financial regulations found in other countries.

Alrosa Ponders 'People's IPO' to Pay Off Debt

State-run diamond miner Alrosa said Tuesday that it might become a "people's company" by raising funds through a share issue to the public.

14 Russian Tourists Killed in Turkish Bus Crash

A bus carrying Russian tourists tumbled off a bridge in southern Turkey on Tuesday, killing at least two Turks and 14 Russian sightseers.

No Penalties for Lawmakers Who Missed Income Deadline

According to the State Duma's web site, 14 United Russia deputies, four Communists and five members of the Liberal Democratic Party have failed to release income declarations despite a May 14 deadline.

New Plans Outlined to Attract Foreign Capital

The government has outlined a plan to lure foreign money by eliminating stumbling blocks for investors, such as red tape and tax problems. But an Economic Development Ministry official speaking at a Tuesday conference didn't offer specifics.

Global Fears Gut Stocks As Slump Looms

Russian stocks plunged nearly 6 percent on Tuesday, as investors sought to unload high-risk assets amid fears that the euro zone's escalating debt crisis could crimp the global economic recovery.

Court Rejects Vedomosti Suit Against Gryzlov

The Moscow Times
A Moscow court threw out a defamation lawsuit filed by Vedomosti against Duma Speaker Boris Gryzlov for accusing the newspaper of siding with terrorists responsible for the Moscow metro bombings on March 29.

Mafia Targeting Miners' Widows 'a Hoax'

The Moscow Times
A story about mafia extorting money from widows of miners killed in the Raspadskaya mine disaster is a fabrication, police said Tuesday, without specifying possible reasons for the hoax.

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