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. Last Updated: 07/27/2016


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Putin Reverses Grain Intervention Strategy

The state will begin unloading grain from its stockpiles August 4 to help relief efforts in drought-stricken regions, Agriculture Minister Yelena Skrynnik said Wednesday, ending two years of stockpiling meant to support prices.

Medvedev Predicts End to Finnish Trade Dispute in 2 Weeks

President Dmitry Medvedev and his Finnish counterpart Tarja Halonen also discussed the rights of Russians living in Finland as they wrapped up a two-day visit in Naantali, a popular tourist town 14 kilometers west of Turku, and the Kremlin leader went swimming in the Gulf of Finland.

Finance Ministry Seeks $33Bln Through Tax Hikes

The Finance Ministry wants to raise the extraction tax on gas by 61 percent next year, followed by hikes of 6 percent and 5.4 percent in 2012 and 2013, respectively, said Ilya Trunin, head of the ministry's tax policy department.

Publisher Fined Record $250M in Copyright Case

A Moscow court has ordered a leading publishing house to pay an unprecedented 7.6 billion rubles ($249.6 million) in damages to a smaller rival for copyright infringement in a lawsuit that lawyers said highlights the shortcomings of Russia's intellectual property rights laws.

U.S. Gay Couples Banned From Adopting Russian Children

Only heterosexual married couples will be permitted to adopt children, as Russia does not recognize same-sex marriages, said Alina Levitskaya, a senior official at the Education and Science Ministry, Interfax reported.

Terror Attack on Power Station Kills 2

The attack in Kabardino-Balkaria, which saw three to five gunmen break into the 25-megawatt station and plant five bombs on the premises, marks a milestone for Islamist militants, who have threatened to attack economic targets across Russia since at least 2009 but never before succeeded.

Parasailing Donkey and Owner Vanish

The Moscow Times
Investigators have failed to find the donkey that parasailed over the Sea of Azov for 30 terrifying minutes last week, RIA-Novosti reported Wednesday.

Russian Inventor Settles Toyota Dispute

By Alisa Fialko / Vedomosti
Soviet emigre Alexei Severinsky reached a settlement Tuesday with Toyota after seeking compensation for the carmaker's use of what he claimed was his design for a hybrid engine.

'Last' Huge Oil Fields to Cost $2Bln

By Oksana Gavshina / Vedomosti
The Energy Ministry is seeking a record price of 60 billion rubles ($2 billion) to develop the Trebs and Titov oil fields, and the government looks determined to get as much as it possibly can from oil companies for the massive deposits.

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