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. Last Updated: 07/27/2016

10/13/2008

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Chechen Turnout High After Quake

A magnitude 5.6 earthquake killed 13 people and injured 100 others Saturday afternoon in Chechnya, one day before parliamentary elections in the republic.

State Bank Set to Put Money in Markets

Prime Minister Vladimir Putin announced Friday that the state-owned Development Bank would this week start pumping 175 billion rubles ($6.7 billion) into Russian stock markets, which have plummeted more than 60 percent since their highs in May.

Kudrin Says Pension Fund Next Up for Stocks

The government plans to invest some money from the Pension Fund in the Russian stock market, amid a major outflow of foreign capital, Finance Minister Alexei Kudrin said Sunday.

Deripaska Unloads Stake in Hochtief

Combined Reports
Billionaire Oleg Deripaska has sold his 9.99 percent stake in German construction giant Hochtief, his company said, as the credit crunch batters Russia’s richest man.

Lender Loses License Over Liquidity Woes

The Central Bank on Friday withdrew the operating license of Eurasia-Center Bank, citing the lender's liquidity problems and violations of banking regulations.

Police Held For Theft at Crash Site

Two policemen in Perm have been apprehended on suspicion of stealing valuables from the victims of the Aeroflot Nord airliner that went down in the Urals city last month, killing all 88 people on board, the Investigative Committee said Friday.

Navy Launches New Strategic Missile

Reuters
President Dmitry Medvedev was on hand for the test firing of two different strategic missiles over the weekend in the Northwest Federal District, where he vowed to commission a new generation of weapons for the armed forces.

Putin's Zaporozhets Steals the Show at Avtoville

A tiny 36-year-old car with vinyl seats and an interior that reeks of petrol attracts far more attention than the Cadillacs and Rolls-Royces at Avtoville, a glossy new car museum that opened in August.

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