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. Last Updated: 07/27/2016

05/29/2012

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Exxon Pours Concrete for Phase 3 of Sakhalin-1

The bottom half of what will be Russia’s biggest ice-resistant drilling platform looked like a gigantic upside-down table.

Hague, Lavrov Smooth Over Syria

British Foreign Secretary William Hague on Monday became the first senior Western official to hold talks with the new Russian government, in what analysts labeled an initiative to prevent further deterioration of relations.

TNK-BP Head Quits as Shareholder Crisis Flares

Reuters
Billionaire Mikhail Fridman resigned Monday as chief executive of TNK-BP, plunging the country's No. 3 oil firm deeper into crisis and challenging co-owner BP's grip on the business.

Rogozin Orders Investigation of Plane Builders

Deputy Prime Minister Dmitry Rogozin has ordered prosecutors to investigate the "illegal" privatization of property assets belonging to the Yakovlev and Tupolev aviation firms.

Land Sale by Defense Ministry Brings Court Case

A firm with ties to the Defense Ministry has landed in hot water over the sale of real estate in a prime neighborhood in the southern city of Samara, with a federal agency saying the price tag was far too low.

Groups Propose Path for Bike Tours

Need to get to St. Petersburg but don't like the Sapsan or Russian airlines? Try a bike.

Latest RenCap Firings Unlikely to Be the Last

The Moscow Times
Analysts warned Monday that privately owned investment bank Renaissance Capital would be forced into more redundancies, after it fired a second tranche of employees last week in the same month that it announced its biggest loss for 10 years.

Filmmakers Worried About State's Hand

New Culture Minister Vladimir Medinsky named United Russia's former chief ideologue as his deputy in charge of cinematography, sparking worries that he is adopting a propagandistic approach to film production.

Durov Gets New Powers at Vkontakte, Nixes IPO

Reuters
Social network Vkontakte says it won’t risk going ahead with its planned initial public offering, fearing a repeat of the botched Facebook float.

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