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. Last Updated: 07/27/2016


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Surprise Tax Inflows Prompt 3% Hike in Federal Spending

The government has decided to increase spending by 3 percent this year because of the recovering economy and high-price oil. Spending will swell by roughly $10.3 billion, making for the second consecutive year that revenues have beat expectations.

Children Encouraged to Pray for Putin

Even as Prime Minister Vladimir Putin denied that he has a personality cult, news broke that St. Petersburg children were being encouraged to pray that God bless Putin and shield him from "demoniacal temptation."

Police Make First Arrest in 'Rambo' Attacks

Primorye police detained a suspect in their hunt for a gang of "Russian Rambos" who have staged attacks against police in a self-described war on police corruption. More than 150 police officers have been deployed to capture the gang.

Russia to Drive Regional Recovery

Russia's economic rebound will be among the main drivers of economic recovery in Europe and Central Asia this year, the World Bank said. The region will see a 4.1 percent recovery in its real GDP, with Russia and Turkey accounting for 62 percent of that.

Dvorkovich, Chess Robot Go 1-1

Arkady Dvorkovich managed a technical win versus the machine, but both robot and presidential adviser had complications. The publicity match came amid Dvorkovich's controversial support for the head of the chess world governing body.

Stalin-Era Grave Yields Tons of Bones

Nearly 500 skeletons, many with head gunshot wounds, have been unearthed in a mass grave probably dating back to purges under Soviet dictator Josef Stalin in the 1930s, Vladivostok authorities said.
At least 3.5 tons of bones were extracted from the site.

Iran Sanctions Won't Bar Missile Deal With Iran

The Associated Press
The Foreign Ministry said new UN sanctions do not forbid the delivery of S-300 air-defense missiles to Iran. Israel and the United States have urged Russia not to supply the missile systems, which would vastly increase Iran's defenses.

Pugachyov to Sell Shipbuilders to State

By Anatoly Tyomkin / Vedomosti
Senator Sergei Pugachyov's United Industrial Corporation will sell two shipbuilders to the state-run United Shipbuilding Corporation to raise funds for Mezhprombank.

RenCap Sees Spotty Summer Recovery

The Moscow Times
Russia's economic recovery will be unstable throughout the summer, disrupted in part by economic turmoil in Europe, Renaissance Capital said in a report.

Captured Leader Betrays Militants, Media Say

The Moscow Times
Ingush rebel leader Ali Taziyev appears to be cooperating with authorities after being seized by the Federal Secret Service this week, Kommersant reported.

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