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. Last Updated: 07/27/2016


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Oil Exports Poised to Soar 10%, Closing In on Saudi Arabia

Crude oil exports may increase as much as 10 percent, almost catching up with Saudi Arabia's, after customs duties change later this year, a deputy energy minister said Friday.

In Abkhazia, 2 Orthodox Churches Also Seek Recognition

Nestled in the foothills of the Caucasus and overlooking the Black Sea, the Novy Afon monastery's golden-topped cupolas shimmer from afar from between evergreen cypresses, attracting droves of mainly Russian visitors on a hot summer day.

2 United Russia Deputies Jump Ship

In a sign of growing discord in the run-up to parliamentary elections, State Duma Deputy Alexei Lebed left United Russia on Friday and accused the party of crushing dissent among members.

Moody's Sees High Level of Related-Party Lending by Banks

The high level of related-party lending engaged in by Russian and CIS banks is indicative of poor corporate governance and lax underwriting standards — and is a structural weakness of the entire banking sector, according to a report released by Moody's credit rating agency.

Ministry 'Blacklists' Uncooperative Officials

The Moscow Times
The Communications and Press Ministry put together a "blacklist" of officials hindering the progress of the long-awaited system of coordination of government ministries, RBC Daily reported.

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