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. Last Updated: 07/27/2016

02/18/2011

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Investigators Tie Baturina to $440M

About 13 billion rubles ($440 million) illegally obtained from the Bank of Moscow was discovered in the personal account of Yelena Baturina, the billionaire wife of ex-Mayor Yury Luzhkov, investigators said Thursday.

New Migration Rules to Be Eased

New registration rules for expatriates are intended to reduce bureaucracy, and the government is working on more reforms to bring conditions for foreign employees in the country in line with Europe, the Federal Migration Service said Thursday.

Criminal Punishment Sought for Businesses

Russia may introduce criminal punishment for legal entities, Investigative Committee head Alexander Bastrykin said Thursday, claiming that it is needed to lure foreign investors — though experts believe it will work the other way around.

State to Buy Fuel on Commodity Bourses

Government ministries should start purchasing fuel on commodity exchanges, Prime Minister Vladimir Putin said Thursday, as a measure to prevent price increases and protect consumers' interests.

High End Living on London's High Street

London has been well known as a destination of choice for wealthy Russians for many years, but the demand for luxury properties shows no sign of falling, and analysts predict that 2011 may see Russian companies raise up to $30 billion in London.

Oil at $100 Per Barrel Has Pros, Cons

Urals crude oil traded at above $100 a barrel for the second day in a row Thursday for the first time since the economic recovery boosted demand, and a barrel of Russia's main blend of crude sold for $101.11, climbing over the psychologically important barrier.

Investigators Say IzhAvto Owners Stole Assets

By Alexei Nikolsky / Vedomosti
The Interior Ministry's Investigative Committee is searching for the principal owner of Sok Group, Yury Kachmazov, and several executives from Sok and IzhAvto over the theft of 6.7 billion rubles ($230 million) in assets from the factory, which was bankrupted in September 2009.

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