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. Last Updated: 07/27/2016

10/29/2008

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Putin, Wen Sign Off on Oil Pipeline

The prime ministers also discuss ways that Russia and China can work together to fight the global financial crisis.

Frenkel Convicted in Kozlov Murder

A jury on Tuesday found banker Alexei Frenkel guilty of ordering the 2006 killing of central banker Andrei Kozlov after an eight-month trial mired in scandal.

When Padding Police Statistics Proves Deadly

Of all the horrifying revelations during the trial of serial killer Alexander Pichushkin, perhaps none was more disturbing than the ordeal of Maria Viricheva, one of three people known to have survived attacks by Pichushkin.

Distributors May Face Bankruptcy

The country's electricity distributors are facing bankruptcy early next year because of cash flow problems as consumers delay payments for supplies, Integrated Energy System president Mikhail Slobodin said Tuesday.

Polymetal Will Cut Investment in 2009

Polymetal, the country’s biggest silver miner, will cut investment in exploration and modernization by 30 percent to 40 percent next year because of the financial crisis, chief executive Vitaly Nesis said Tuesday.

Medvedev Shrugs Off U.S. Arms Sanctions

Reuters
U.S. sanctions on state arms exporter Rosoboronexport are shortsighted and will not have a significant impact on its sales, President Dmitry Medvedev said Tuesday.

EU, Russia Hold Icy Talks in St. Petersburg

Reuters
But the two sides agree to resume negotiations on a partnership agreement in France on Nov. 13 and 14.

Halloween in Moscow: Tunes, Treats and Freaks

Muscovites in search of a scintillating spook can celebrate Halloween this Friday night with musical creatures, dancing freaks and even the ghost of a Michael Jackson past.

A Crisis Letter to Expats

Look around at your Russian colleagues, business partners, clients, bosses and employees. Remember how self-assured and optimistic they were just this summer. Remember their grandiose business plans and strategies.

The Biggest Insider Trade in History

The United States calls its own crisis the mortgage meltdown. Banks went on a lending splurge, handing out mortgages to every homeless and unemployed Joe Blow who walked in off the street. Not surprisingly, they defaulted on their loans.

Nationalists Denied Permission to March

City Hall has denied a request by ultranationalists to hold an annual Nov. 4 march, but organizers pledged Tuesday to go ahead with the demonstration despite the ban.

Medvedev's Speech Up in the Air

The Moscow Times
President Dmitry Medvedev appears to have postponed his first state-of-the-nation address indefinitely.

Crisis Called Good Time to Rebrand

Those who rebrand when times are tough will reap the rewards, marketing executives say.

Telenor to Fight Freeze On Shares

Reuters
Norwegian telecoms group Telenor said Tuesday that it would fight a Siberian court's decision to freeze the company's stake in VimpelCom, possibly orchestrated by its estranged Russian partner Altimo.

Candidate Requirements

The first step in formulating a vacancy by a company is defining strict requirements towards the future employee.

Cool Heads and Creativity Key Attributes of Downturn Leaders

If you're in an alligator-infested swamp, you need people who can see the high ground and get you to it, fast. Team behavior is crucial when times are hard. How do you set your leaders up to be heroes in tough times, yet team players too?

Business in Brief

Ford Workers File SuitLUKoil May Invest LessSmall Business CommissionGazprom Pipeline AccessStrategic Deposit ListFor the Record

State Set to Revise Rules on Trading Halts, Brokerages

Reuters
The country aims to pass legislation this year that will give brokerages access to the Central Bank's refinancing tools and set rules for halting stock market trading, a senior official said Tuesday.

Shares Higher After Markets Reopen

Reuters
Blue chips rose sharply Tuesday when trade resumed after a limit-down suspension, with several outperforming their London-listed counterparts as dealers said the government might be propping up local prices.

S7 Said to Offer $377M for Austrian Airline

Bloomberg
S7 is offering to pay the Austrian government 300 million euros ($377 million) for its stake in Austrian Airlines, Wirtschaftsblatt newspaper reported, citing an unidentified S7 spokesman.
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