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. Last Updated: 07/27/2016


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Telecoms Thrive on Mergers and Mobile Data

Billionaire George Soros once called his $1.8 billion purchase of 25 percent of Svyazinvest, Russia's largest telecommunications holding, "the worst investment of [his] life," having sold the stake for $625 million in 2004 to Lev Blavatnik's Access Industries.

Britain, Russia to Reach Out Via Hotline

At the start of an official two-day visit to Britain, Foreign Minister Sergei Lavrov announced Tuesday that a new hotline would be installed between London and the Kremlin in an effort to improve strained relations between the two countries.

Sberbank Gives Out Biggest Bonuses Ever

The Moscow Times
Sberbank doubled its bonuses to senior executives to  $34 million for last year, when it posted a record profit. The country's largest lender will pay that much to 14 executives on its management board after profit increased eightfold.

WWF Unveils Eco Office Plans

The World Wildlife Fund plans to turn its central Moscow headquarters into a showcase for "green construction" in a bid to spark interest in green building. The revamped house is designed to be 11 times more energy efficient than a typical office building.

Suicide Bombers Strike in Caucasus

Warnings about continuing attacks similar to last month's Domodedovo Airport blast came true this week as a wave of suicide bombings swept through the North Caucasus, even as police reported the situation was "under control."

Russia May Deploy Rockets on Southern Kurils

Russia will send new air defense systems, possibly including S-400 rockets, to islands at the center of a territorial dispute with Japan, RIA-Novosti reported Tuesday, citing a General Staff source.

Leaks See NATO Not Impressed by Military

The Associated Press
NATO was not impressed by Russia's military performance after two large maneuvers in 2009 because its forces relied on aging equipment, lacked transport and suffered from manpower shortages, according to a leaked U.S. diplomatic cable.

Police Deny Protection of Illegal Casinos

There are no Moscow police protecting illegal casinos, Andrei Andreyev, head of the Main Directorate of the Interior Ministry, announced Tuesday.

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