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. Last Updated: 07/27/2016

06/20/2012

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Outlet Malls Springing Up in Moscow

Russians are not ones to pass by a good sale — even if the conditions for such discount shopping require nearly inhuman resilience and patience.

RusAl in $850M Finance Deal With Chinese Bank to Build Siberian Factory

United Company RusAl and the Export-Import Bank of China have signed a cooperation agreement on a RusAl greenfield project in Eastern Siberia worth up to $850 million.

$40Bln for Domestic Economy, $10Bln for IMF Planned

Combined Reports
Russia has earmarked as much as $40 billion for this year and next to bolster its economy in the event the eurozone crisis spreads and is also renewing a plan to permit the government to recapitalize the nation’s banking system.

Academic Jailed for Selling Technology to China Set Free

The Moscow Times
Prison authorities freed an academic convicted of selling sensitive technologies to China, just a few months after activists appealed to the presidential human rights council on his behalf.

SPIEF 2012: Anatoly Karachinsky on Russia's Business Climate

The Moscow Times
Ahead of this year's forum, the founder and president of leading Russian IT services provider IBS Group speaks about the need to improve business competition by decreasing the number of state-owned companies.

Zyuganov Discharged From Heart Clinic

The Moscow Times
Communist Party leader Gennady Zyuganov will lead the party's upcoming plenary session after being discharged from a Moscow cardiology clinic at the start of the week.

2nd-Largest Social Network Starting English Version

The Moscow Times
Russia's second-largest social network Odnoklassniki is starting an English version of its site, the company said.

City Pushing Large-Scale Expansion of Free Wi-Fi

The Moscow Times
Free Wi-Fi will increasingly penetrate the city, reaching every third city park by the end of this year, complementing plans to expand other Wi-Fi projects, a city official said.


Commerzbank Completes Promsvyazbank Stake Sale

The Moscow Times
Commerzbank completed a deal to sell 14.4 percent of its shares in Promsvyazbank to the Ananyev brothers, Vedomosti reported Tuesday.

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