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. Last Updated: 07/27/2016

06/23/2011

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VIP Banking Attracts Clients as Dynasties Form

When choosing private banking services, forget pop stars flying in on a private jet for your son's bar mitzvah or beluga caviar being delivered to your doorstep on a whim — such stories have nothing to do with the real thing.

Chaika Vows Shuffle in Shaky New Tenure

Prosecutor General Yury Chaika promised to shake up his staff as he was appointed to a new five-year term by the Federation Council on Wednesday.

Visas, Red Tape Causing Tourism Slump

The flow of tourists to Russia is declining this year, tourism industry representatives announced at a news conference on Wednesday. Tourism experts blamed difficult visa processes and lack of government support for the trend.

Opposition Party Denied Duma Run

The Justice Ministry has refused to register the opposition Party of People's Freedom on the grounds that it had submitted a membership list with dead and underage members.

$1Bln Fund Will Support Smaller Banks

A new fund for investing in private regional banks put together by the Finance Ministry, the International Financial Corporation and Vneshekonombank should reach $1 billion and will speed up consolidation in a sector already being squeezed by competition from large state-controlled lenders.

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