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. Last Updated: 07/27/2016

07/31/2012

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Pussy Riot Trial Opens to Packed Courtroom

The Moscow Times
Hundreds packed into a Moscow courtroom Monday for the start of the trial of three members of punk band Pussy Riot, whose detention for a provocative performance in Moscow's main cathedral has become a cause celebre in the West and split society in Russia.

Spanish Fuss Poses Olympic-Sized Test for Bosco

As Spain's leading athletes go in and out of the Olympic Village during this summer's games, they probably have a whole raft of questions on their minds.

Dollar Fluctuations Felt on High-End Residential Market in Q2

The Moscow Times
Three consulting companies released the results Monday of their survey of premium-class housing in Moscow in the second quarter, showing a slight decline in both the size of the market and the average price for real estate in that segment.

What the Papers Say, July 30, 2012

BBC Monitoring
A roundup of today's Russian-language newspapers

IBS Reports Robust Sales

The Moscow Times
Software developer and IT services company IBS Group earned close to $820 million in revenue for fiscal year 2012 as Russian businesses added information-technology infrastructure and clients worldwide demanded tailored software.

Miel Unit Goes Bankrupt

Vedomosti
Miel-ZS, an affiliate of property developer Miel, has been declared bankrupt.

Putin Promises Stronger Nuclear Navy

Reuters
President Vladimir Putin oversaw the start of construction of one of Russia's newest generation submarines on Monday and vowed to boost nuclear naval forces to safeguard the country's position as a leading sea power.

As Language Bill Passes, Opposition Warns of Split in Ukraine

Reuters
Opposition politicians walked out of Ukraine's parliament in protest Monday after warning that a law making Russian the official language in parts of the country would set citizens at each other's throats.

Possible Rosneft Financing Fires Bankers' Imagination

Reuters
Questions about how to raise up to $30 billion to finance the purchase by Rosneft of BP's 50 percent share in TNK-BP started in earnest last week when Rosneft emerged as the main bidder after announcing that it had started talks with BP on July 24.

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