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. Last Updated: 07/27/2016


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Putin Slams Officials Over Election Promises

President Vladimir Putin slammed government officials Tuesday for failing to implement the decrees containing his election promises, with the regional development minister and the labor and social services minister coming under fire.

Sberbank Launches $5Bln Stock Sale

A 15-month guessing game for investors ended Monday as the Central Bank announced it was launching the long-awaited sale of a $5 billion stake in state-owned financial mammoth Sberbank.

Russia Puts Renewed Hope in Repatriation Program

President Vladimir Putin has revised the state's repatriation program, simplifying the process for former compatriots to move back to Russia and bring relatives along with them. But analysts doubt that the changes will significantly alter migration flows.

Bureaucrats Smile in Special Economic Zone

Even customs officers received praise Monday when foreign investors heaped accolades on the Alabuga special economic zone.

Wealthy Pessimistic on Business Climate, Corruption

Russia’s super-rich think that the country’s business climate is deteriorating and that corruption is currently more of an acute problem than in recent years, according to a survey released Tuesday by Swiss banking giant UBS and Campden Research.

MMM Founder Mavrodi Creates Political Party

The creator of the MMM financial pyramids, Sergei Mavrodi, has created a political party with the bizarre and grandiose goal of causing a "world financial apocalypse."

Azeri Ax Killer's Pardon Raises War Fears

The Associated Press
Shortly before dawn, an Azerbaijani taking an English course in Hungary crept into the room of a fellow student from arch-enemy Armenia.

Investors Flock to Sberbank Stake Sale

Combined Reports
The Central Bank's sale of a $5 billion stake in Sberbank drew strong demand from investors around the world, attracted by the lender's dominant position in a growing domestic market and potential to expand across emerging European economies.

Natives of 'Russian America' Salute Shared Past

An unofficial delegation of U.S. history buffs and Native Americans have marked the 200th anniversary of the founding of Fort Ross, once Russia's southernmost North American colony, with a friendship tour of Russia that included a search for artifacts and long-lost relatives.

Kadyrov Laughs Off Allegations That He Made Hit List

Chechen leader Ramzan Kadyrov has once again denied being involved in killings of his critics, complaining that he is the victim of a campaign to tarnish his name.

Country to Play Up Cultural Showcase

The Moscow Times
Russia will try to boost the number of tourists coming to the country on cultural trips.

Investment Planned to Boost Rail Passenger Growth

Russian Railways will invest in a massive overhaul of its passenger services in the next 15 years as it battles to stave off increasing competition from airlines on long-distance routes.

St. Pete Volunteers Form Program To Ease Visa Regulations

"The Russian passport is a curse!"
This bitter exclamation is well-known to just about any Russian who has spent several hours waiting — in all sorts of weather — in seemingly endless, slow-moving lines outside consulates of European countries, carrying thick stacks of documents ranging from bank statements to letters from employers to property ownership deeds.

Top 10 Power Women in Russia

For the past 20 years, Russia has produced a new generation of entrepreneurs and businesspeople, and these women have reached the top. Who are the top 10 women in business in Russia?

German Student Beaten With Bottle for Refusing Vodka

The Moscow Times
Irkutsk police detained three youths suspected of striking a German language student over the head with a bottle and stealing his wallet after he refused to drink vodka with them in a park.
The Central Bank announced Monday that it would sell a $5 billion stake in Sberbank mostly via the London Stock Exchange for about $3 a share.

Issue 4973

The Central Bank announced Monday that it would sell a $5 billion stake in Sberbank mostly via the London Stock Exchange for about $3 a share.

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