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. Last Updated: 07/27/2016


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Sberbank Denies Link to 'Profit Town' Pyramid Scheme

The Moscow Times
State banking giant Sberbank said Wednesday that a series of online pyramid schemes using its logo and dealing exclusively with its clients are operating in the Urals area.

Moscow to Become 2nd City With 2 Rolls-Royce Dealerships

The Moscow Times
As a sign of prosperity in Russia's capital, luxury car producer Rolls-Royce Motor Cars has announced it will open a second dealership in Moscow, a status symbol until now only enjoyed by New York City.

Nationalist Group Seeks to Patrol Violent Hotspots

The Moscow Times
A nationalist political organization that cooperates closely with United Russia said it is looking to assemble armed patrols to prevent interethnic conflicts.

Further Steps Taken in Executive Income Disclosure

The government's desire to make information from the income declarations of employees of state banks and companies public has some of those employees up in arms.

Foreign Ministry 'Outraged' U.S. Senate Panel Passed Magnitsky Act

Combined Reports
A senior Foreign Ministry official expressed outrage on Wednesday over the U.S. Senate's approval of a bill that would penalize Russian officials for human rights abuses, and warned Americans that adoption of the sanctions would strain U.S.-Russian relations.

Gazprom Could Cede Marketing Rights Under Revised Shtokman

Gazprom is expected to give up some or all of its rights to market the gas from the giant Shtokman gas field under a new shareholder agreement likely to be signed by the end of the year.

Mongolia Votes, as Resources Bring Wealth and Challenges

Despite resurgent nationalism and an imminent election in mineral-rich Mongolia, the country's leaders are still keen on keeping foreign investment flowing in.

Suspected Killers of Judge Detained After Fight With FSB

The Moscow Times
Federal Security Service officers have detained two men accused of murdering a Moscow judge, following an operation in which the suspects put up armed resistance.

Russia to Rethink Daylight-Saving Time

The Moscow Times
The State Duma will take up discussion of a bill in September to undo a law signed by then-President Dmitry Medvedev to observe daylight-saving time year-round, the Duma's health committee head said Wednesday.

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