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. Last Updated: 07/27/2016


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Lawmakers Approve Bill to Merge Top Courts

The State Duma on Tuesday approved in the first reading a bill seeking to merge the Supreme Arbitration Court into the Supreme Court, as the former warned that the move could signal the end of the entire arbitration court system.

Moscow Strives to Make Itself a Global Financial Center

Moscow is going full-out to transform itself into an international financial center, building business centers and overhauling its regulations to present an open face to investors, but the city's hopes are undermined by the lack of a skilled workforce to do the job, foreign financial advisors said Tuesday.    

Russia Demands Polish Apology Over Embassy Violence

Russia demanded an apology from Poland on Tuesday after far-right rioters threw firecrackers at the Russian embassy in Warsaw, reviving tension between countries that have long been at odds.

First Generation With Wealth Shape Philanthropy Culture

The first Russians to dispose of free wealth in nearly a century are putting down the institutional roots of philanthropy, but donations trail behind the sums shelled out by donors in the U.S., Britain and China.

Navalny and Brother's Assets Seized

The Moscow Times
A Basmanny District Court spokesman said Tuesday that opposition leader Alexei Navalny's assets were to be seized in connection to the theft and money laundering case against him.

Pussy Riot's Tolokonnikova Transferred to New Prison

RIA Novosti
Anti-Kremlin rocker Nadezhda Tolokonnikova has been transferred to a penal colony in her native Krasnoyarsk region due to her complaints about her previous facility, Russia's human rights ombudsman said Tuesday.

Siemens Subsidiary Admits Guilt in Russian Bribery Case

The Associated Press
Swiss prosecutors say a subsidiary of Germany's Siemens has acknowledged it failed to prevent bribes being paid to a Russian gas company and agreed to pay nearly $11 million in fines.

Ukraine Unlikely to Buy More Russian Gas This Year

Ukraine is unlikely to resume Russian gas imports suspended in a pricing row before the end of the year, but has enough in storage and can sustain deliveries to Europe, Kommersant reported Tuesday.

Russia in Line for Top UN Human Rights Body

The Associated Press
Russia, China, Saudi Arabia and Vietnam are among the nations running unopposed for seats on the Human Rights Council, the United Nations' highest rights watchdog body, a prospect that has independent human rights groups crying foul.

For the Record

The Central Bank and the Finance Ministry will "calmly" assess the state of the insurance market and companies in 2014, First Deputy Minister Igor Shuvalov said Tuesday, Interfax Reported.

Websites Selling Alcohol to be Blacklisted

RIA Novosti
The alcohol regulation watchdog will next year be responsible for blocking websites believed to sell counterfeit liquor, the government's legal information website said.

Target Dollar Exchange Rate Shifted

Russia has shifted its target exchange-rate corridor for the ruble by five kopecks, the Central Bank said Tuesday, following market interventions to stem the ruble's volatility against the dollar-euro currency basket.

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