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. Last Updated: 07/27/2016


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Greenpeace Activists Face Piracy Charges for Arctic Protest

At least 25 Greenpeace activists, most of them foreigners, face up to 15 years in prison on what many consider dubious piracy charges over a stunt last Wednesday that saw two of them climb a Gazprom-owned oil rig in Arctic waters to protest its drilling plans.

International Business, North Korean Style

Russia has opened an upgraded rail link with North Korea, a first step to re-animate the Trans-Korean Mainline, which could once again unite the two countries, but the question remains as to whether these changes can transform the Communist state that is still living the past.

Soggy September Breaks 130-Year-Old Rainfall Record

The Moscow Times
Moscow residents may not have gotten the typical "Indian summer" this September, but they were able to get an idea of what life is like in a rainforest, just not the tropical variety.

Russia Hopeful UN Syria Deal Is Near

Russia hopes the UN Security Council will approve a resolution this week to support a deal for Syria to abandon its chemical arms, but talks with the U.S. have been rocky, a senior Russian diplomat said on Tuesday.

Gazprom Says it Will not Take Chinese Loans For Pipeline Construction

The Moscow Times
On Tuesday, Gazprom announced that it does not intend to take loans from Chinese partners in order to meet the demands of a recently signed contract to increase gas pipeline deliveries to China to 38 billion cubic meters a year beginning in 2018.

Rosatom Plans to Build Finnish Nuclear Plant

RIA Novosti
Rosatom plans to become the main contractor in a project to build a nuclear power plant in Finland, Russian presidential aide Yury Ushakov told journalists.

Owners of Pharmacy Chain 36.6 Plan to Sell Stake

The main owners of indebted Russian drugstore company Pharmacy Chain 36.6 plan to sell down their stakes, Kommersant reported Tuesday.

IMF Cuts Russia Growth Forecast

The government should resist pressure for higher spending and aim to rebuild its financial buffers, the International Monetary Fund said Tuesday, cutting its forecast for economic growth this year.

Finance Minister Warns Against Austerity Measures

The government should avoid deeper austerity measures at a time of slowing economic growth, Finance Minister Anton Siluanov said Tuesday.

Amendments May Restrict Scope of Public Private Partnerships

Amendments to the draft Federal Law On Basics of Public Private Partnership to be considered by the State Duma this fall may limit private investors' opportunities when co-investing with the government.

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