Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

For the Record

Norilsk Nickel's board elected as chairman Andrei Bugrov, a member of Interros Holding's executive board and a member of Norilsk's board since 2002, replacing Alexander Voloshin, chief executive Vladimir Strzhalkovsky said Tuesday.

Finance Minister Alexei Kudrin urged the government Tuesday to cap annual spending increases at 4 percent, adding that policymakers must avoid "paternalism" in running the economy.