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. Last Updated: 07/27/2016

11/12/2008

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Constitutional Changes Go to Duma

Medvedev makes good on his state-of-the-nation vow to extend presidential terms to six years.

Investors Tell State To Seize The Day

Corporate governance is on a wish list of reforms that foreign investors said the government should tackle as Russia is buffeted by the global financial crisis.

Central Bank Allows the Ruble to Weaken

Reuters
The Central Bank spent an estimated $7 billion on Tuesday on establishing a new limit for the ruble after allowing it to weaken beyond a key level it had defended in recent months.

Tax Overhaul Could Help Oil Producers

A proposed overhaul of the way oil companies are taxed, including more frequent calculations of export duties and a possible replacement of the mineral extraction tax, would help meet calls for assistance from producers.

Markets Plunge on Ruble Fears

Reuters
The country's main stock exchange slammed shut the trading floor doors to halt plunging prices Tuesday, with Russian assets under pressure as the Central Bank ceded ground on the ruble and oil prices fell.

Prosecutors Want Barriers in Metro

The City Prosecutor's Office is seeking a court order to make the metro install safety fences in subway stations.

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