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. Last Updated: 07/27/2016

For the Record

The government seeks to raise as much as $2.6 billion a year in fees and taxes by leasing as many as 6,500 ponds and lakes to private fishing operators, Rossiiskaya Gazeta said Wednesday.

Sistema-Hals acquired the Pekin hotel complex in central Moscow from Intourist, saying Wednesday, without disclosing financial details of the transaction, that it plans to turn the three-star hotel into a five-star property.