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. Last Updated: 07/27/2016

10/20/2008

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Russia in No Rush For Crisis Summit

The Kremlin signaled Sunday that it was in no hurry to confirm its participation in an international summit called by U.S. and EU leaders to tackle the global financial crisis over the weekend.

State Will Start Buying Shares This Week

Finance Minister Alexei Kudrin announced Friday that the state would invest $6.7 billion from the National Welfare Fund into ""secure, high-yield"" Russian securities, just after sending stocks tumbling with a prediction that the market's troubles would continue.

State Looks for New Ways to Aid Airlines

Sechin calls for long-term contracts between oil companies and airlines that exclude the middleman.

VEB Takes Over Troubled Globex

Reuters
The state will put $2 billion into Globex, raising its total bank rescue package to more than $5.5 billion.

Carlyle Sues NLMK Over $3.4Bln Deal

Reuters
The Carlyle Group is suing steelmaker NLMK to force it to complete a $3.5 billion deal to buy U.S. tubular steel maker John Maneely, one of Russia's biggest merger deals this year.

Court Cuts Tax Bill For British Council

Talks are continuing, however, on a dispute over the council's legal status.

U.S., Russia to Meet Over Arms Control

Reuters
The countries will discuss extending the START agreement in November.

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