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. Last Updated: 07/27/2016

05/28/2010

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Embattled Tycoon to Invest $800M in Sochi

Telman Ismailov, the tycoon who fell from favor after building a $1.5 billion hotel in Turkey, will invest $800 million into two Sochi hotels, Russia's Olympic construction firm has said.

'Reset' Delegation Visits Vladimir Prison

Key advisers to Presidents Dmitry Medvedev and Barack Obama continued their work on U.S.-Russian relations by visiting a well-known Russian jail. Earlier in the week, Russia's human rights ombudsman handed Medvedev information on prisons.

British Council Won't Take Part in Nashi Camp

The British Council, the cultural arm of the British Embassy, said Thursday that it had turned down a proposal by the Federal Youth Agency to participate in a summer camp of pro-Kremlin youth.

2 War Veterans Relive Historic Day on Elbe

A U.S. sergeant came to Moscow to raise a toast with a Soviet colonel to a historic day in 1945 when their nations' armies met on Germany's Elbe River to crush the Nazi forces. It was a celebration more than six decades in the making.

Russia Inks Deal to Extend Waterway Lease for Finland

Russia signed a deal Thursday extending a Finnish lease on a key waterway for another 50 years, allowing Helsinki to import timber and export paper and pulp.

Russia May Allow U.S. Poultry Shipments to Resume Soon

The United States may be able to start shipping poultry in a month, a spokesman for Russia's veterinary watchdog said Thursday, calling the breakthrough a reward for Moscow's hard line in its negotiations with Washington.

For Russia's Entrepreneurs, Inheritance Is Open Question

Most Russian entrepreneurs have not thought seriously about what to do with their businesses when they retire, but they do know what educations they want for their heirs, a survey reported.

Gays Vow to Defy Ban on Parade

The Moscow Times
Gay activists vowed to stage a pride parade Saturday in central Moscow, despite a court ruling upholding a City Hall ban on the gathering. At least 100 Russians, as well as European and U.S. activists, are expected to take part.

Uralkali's Owner Wants to Unload Company

Combined Reports
Billionaire Dmitry Rybolovlev is in talks to sell control of Uralkali, his $7 billion potash miner, sparking a share rally on hopes that the move would ease political risks around the company.

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