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. Last Updated: 07/27/2016


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OECD Outlines Steps to Accession

Russia should improve its business climate and further modernize its economy to  the standards of the Organization for Economic Cooperation and Development, as a number of problems still hamper the country's accession to the group.

Markets Flustered by Return of Politics

Moscow's bourses continued last week's slide Monday, reaching their lowest levels since October after relief that the weekend's popular protests against Duma election results did not end in violence and escalation.

State TV Puts Neutral Spin on Duma Vote Protests

Much to the surprise of observers and regular Russian television viewers, state-run channels gave substantial coverage to Saturday's anti-government rallies in Moscow and other cities — even if they still managed to present the protests as insignificant, apolitical events.

Observation Wheel Could Tower Over Moscow

While $300 million has been pledged by investors, the design completed and a construction firm selected, the creation of what could be the world's largest observation wheel is stalled by the absence of City Hall's approval.

Prokhorov Will Run Against Putin

Mikhail Prokhorov, the billionaire and failed State Duma hopeful, said Monday that he would attempt a political comeback by running against Vladimir Putin for president next year.

Thousands at Pro-Kremlin Rally

The Moscow Times
Two days after a record protest rally in Moscow, the ruling United Russia party staged its own demonstration in the capital, but insisted that it was not a reaction to the opposition's event.

Kudrin to Create Liberal Party

Former Finance Minister Alexei Kudrin said he is ready to take part in the creation of a liberal political party and has consulted ousted Right Cause leader Mikhail Prokhorov on the issue.

Vologda Governor Steps Down

The Moscow Times
The governor of the Vologda region announced on Twitter on Monday that he has offered his resignation to President Dmitry Medvedev due to "low public confidence" following United Russia's poor showing in the recent regional legislative elections.

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