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. Last Updated: 07/27/2016

10/18/2011

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Siemens Unveils $1.37 Billion Investment Plan Over Three Years

Siemens will spend 1 billion euros ($1.37 billion) on projects in Russia over the next three years, company chief Peter Löscher said Monday. This will make it one of the biggest investors in the country.

Putin Says He Could Lose the Election

Prime Minister Vladimir Putin said the public has a chance to vote him out of office in the presidential election in March, and promised a huge reshuffle in the ruling United Russia party.

Activists Raise Jolly Roger Over Legendary Warship

Local activists have claimed responsibility for raising a pirate flag over the Aurora cruiser, a national relic and tourist attraction docked in downtown St. Petersburg.

'Snackifying' Inspires PepsiCo CEO

As Indra Nooyi, chairman and CEO of PepsiCo, ate breakfast on Monday morning, she puzzled over an item in front of her: a bottle of Chudo yogurt. “I looked at this and thought, ‘Is it a beverage or a snack?’” Nooyi said.

Smiles Greet the Status Quo at FIAC

Prime Minister Vladimir Putin impressed a gathering of foreign investors with charm and statistics Monday, at an annual discussion between government officials and foreign chief executives.

Navalny Fined Over Magnitsky Allegations

Anti-corruption blogger Alexei Navalny was convicted on Monday of slander in a lawsuit filed against him by a businessman linked to the death of Hermitage Capital lawyer Sergei Magnitsky.

Russia, CIS Will Grow, EBRD Says

Russia and CIS economies will continue to grow amid a slowdown in Eastern Europe brought on by the euro-zone crisis, according to a report from the European Bank for Reconstruction and Development released Monday.

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