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. Last Updated: 07/27/2016

03/28/2012

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World Bank Finds Economic Comeback Weak

Russia's recovery from the 2008 crisis is weak relative to its international peers and slower than after the financial crash of 1998, the World Bank said Wednesday as it lowered its 2012 growth forecast.

Woman Gets $2,000 In Crash Settlement

A Moscow court approved a $2,000 settlement Tuesday between an insurance company and the only crew member to survive a 2011 plane crash in Karelia.

Sources Say McDonald's Russia Will Now Franchise

McDonald's is looking for Russian business partners for the first time in its 20-year presence in the country, as it hopes to expand into Siberia.

Protectionism Prior to WTO, Within Reason

Government measures to protect its procurement from international competition have merited the description of being not too harsh.

Mobile Internet Use Climbing

More and more Russians are using a smartphone or unwired laptop to connect to the Internet, and competition for those customers is heating up between the biggest wireless companies, recent research shows.

Moscow Jewelry Store Clerks Claim Hypnosis After $37,000 Heist

Two jewelry store clerks claim they were duped out of 1 million rubles ($37,000) in merchandise by a mysterious woman who hypnotized them into believing that worthless scraps of paper were actually 5,000 ruble notes.

Romney: Russia Is America's 'No. 1 Foe'

U.S presidential hopeful Mitt Romney is taking his turn as political pot-stirrer, singling out Russia as America's main antagonist on the international stage.

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