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. Last Updated: 07/27/2016

10/22/2008

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Freed Storchak Ready to Tackle Crisis

Deputy Finance Minister Sergei Storchak walked out of jail Tuesday evening and declared that he was ready to help the government tackle the financial crisis.

Norilsk Open to Offers for U.S. Asset

Norilsk Nickel is open to receiving offers to buy its only North American asset and is revising its investment program for next year because of pressure from the economic crisis, chief financial officer Oleg Lobanov said Tuesday.

Grocers Look to Gobble Up Smaller Rivals

Staff Writers
Financial institutions and over-leveraged oligarchs may have been the first casualties of the global credit crunch, but a torrent of bad news for the country’s grocers suggests that another wave of consolidation is on the way.

Gazprom, Iran, Qatar in 'Gas Troika'

Reuters
World gas powers Russia, Iran and Qatar moved on Tuesday to strengthen cooperation, and Tehran said there was consensus to set up an OPEC-style group, which is likely to worry Western consumers.

New Airline Will Be Aeroflot Alternative

Russian Technologies chief Sergei Chemezov said Tuesday that a new airline his company is creating with the Moscow city government would one day serve as an alternative to Aeroflot.

Kudrin Says Reserves Must Be Used Wisely

Reuters
The country must be cautious in using its foreign exchange reserves, which have already fallen by one-tenth in the last few months, and the emphasis should be put on supporting the ruble, Finance Minister Alexei Kudrin said Tuesday.

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