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. Last Updated: 07/27/2016


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UN's Ban Wants Russia to Show Leniency Over Greenpeace Protest

United Nations Secretary-General Ban Ki-moon appealed to Russia on Thursday to show leniency toward 30 people arrested during a Greenpeace protest against Arctic oil drilling, saying environmentalists played an important role in society.

Astrakhan Lawmaker Stabbed at Moscow Hostel

A Just Russia deputy Oleg Shein was hospitalized Thursday after being stabbed at a Moscow hostel in an incident that opposition politicians are saying was "an attempt to get rid of a competitor."

Central Bank Considering Wider Crackdown on Financial Institutions

The Moscow Times
The Central Bank could revoke the licenses of other financial organizations following the shutdown of Master Bank.

Accused Fraudster Pleads Not Guilty in U.S.

RIA Novosti
A Russian national accused of setting up an online fraud ring that used stolen credit card details to defraud U.S. retailers of millions of dollars has pleaded not guilty in a Pittsburgh court, according to U.S. media reports.

Sberbank Takes Over Payments of Shut-Down Master Bank

Sberbank can take over payments that had been handled by Master Bank — a major processor of credit card payments and operator of cash machines that was shut down by the Central Bank — Sberbank said Thursday.

State Hampering Private Investment in Space Industry

RIA Novosti
Current state restrictions hinder the private sector from financing the development of the country's space industry, a senior space official said Thursday.

VEB Could Receive $6Bln Additional Capital From Welfare Fund

The Moscow Times
The government may provide 200 billion rubles ($6 billion) in additional capital to state-owned Vneshekonombank from the National Welfare Fund, the country's oil revenue financed sovereign wealth fund, conceived as a backstop for the Russia's pension system.

Russneft Owner Buys Stake in British Oil Firm Exillon Energy

The Moscow Times
Chief executive and principal owner of oil companies Russneft and Neftisa Mikhail Gutseriyev has bought a 15-percent stake in London-based oil producer Exillon Energy.

Medvedev Calls for Larger Airlines

RIA Novosti
Prime Minister Dmitry Medvedev called Thursday for Russian airlines to be enlarged in a bid to ensure the proper maintenance of their aircraft and the safety of their operations.

U.S. Artist Warns Visa Denials Represent Growing Trend

American composer Richard Cameron-Wolfe has come to Russia more than 11 times since 1989 with no hindrances, but in early October he was unexpectedly denied a visa in what he says represents a worrying trend.

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