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. Last Updated: 07/27/2016


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Bank of Moscow Gets Record Bailout

In the largest bailout in modern Russian history, Bank of Moscow, the country's fifth-largest bank, will receive up to $14 billion in state-backed loans after the discovery that almost a third of the bank's assets are "problematic," the Central Bank said.

Medvedev Turns Forum Words Into Deeds

In a flurry of activity aimed at attracting foreign investors, President Dmitry Medvedev signed a decree Friday that will lift restrictions on domestic companies wanting to list securities abroad and ordered the creation of a central securities depositary by Sept. 1.

Putin Visits His ‘Cinderella’ in Buryatia

The Moscow Times
Prime Minister Vladimir Putin has met for a second time with a girl from Buryatia who asked him for a fairytale dress in 2008, this time to have a cup of tea with her and present her with a laptop.

Senator Disputes Top Dogs’ Immunity

A sweeping effort to instill the rule of law may result in the creation of a new agency whose sole task would be to investigate the wrongdoings of top officials — including former presidents and prime ministers.

Schneider Opens 3rd Local Plant

French electric services firm Schneider Electric has opened a third Russian factory in a bid to keep up with increasing demand for "smart-grid" technologies in Russia and the CIS.

Still in Hot Water, Prosecutors Fight Back

The Prosecutor General's Office has launched a counteroffensive in its turf war against the Investigative Committee, demanding that a criminal case against a main whistleblower in the scandal be reopened.

France Unveils 5-Year Visas With Russia

The Moscow Times
France and Russia announced Friday that they would introduce five-year multiple-entry visas by the end of this year, Interfax reported.

Former Cop Gets 14 Years for Raping 27 Women

The Moscow Times
A Moscow court on Friday sentenced a former traffic police officer to 14 years in prison for raping 27 women.

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