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. Last Updated: 07/27/2016

11/27/2008

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Bailout To Cost Trillion Rubles

The government will spend 1 trillion rubles next year from its financial safety cushion, the Reserve Fund, as a result of the global economic crisis, Finance Minister Alexei Kudrin said Wednesday.

Mayor of North Ossetia Capital Shot Dead

The mayor of the North Ossetian capital, Vladikavkaz, was gunned down in an apparent sniper attack Wednesday morning, just weeks after a female suicide bomber blew herself up in the southern city.

Casinos Say Moving a Gamble

A government initiative to relocate the gambling industry to four zones scattered across Russia is looking increasingly like a long shot, with infrastructure development lagging badly and investors fearing that a move to the regions would leave them picking up the bill.

Politkovskaya Judge Staying on Case

The judge presiding over the trial of three men charged in the murder of journalist Anna Politkovskaya refused to recuse himself from the case on Wednesday after prosecutors accused him of bias for reversing his decision to close the proceedings to the public.

Firms Plan To Lay Off 200,000

Reuters
Russian companies plan to slash up to 200,000 jobs in the next two months because of the economic slowdown, Alexei Vovchenko, deputy head of the Federal Labor and Employment Service, said Wednesday.

Medvedev Calls for First BRIC Summit

Reuters
President Dmitry Medvedev and his Brazilian counterpart Luiz Inacio Lula da Silva called Wednesday for the first summit of major emerging- market countries, known as BRICs, in Russia next year.

Splendor of Rural Russia on Show at Tretyakov

Even as the frost and winds of winter begin to swirl into the city, inside the Tretyakov Gallery all is blue sky and sunbeams. One entire hall of the museum is filled with children running in fields and peasants collecting potatoes and hay, some of the central images of the works of artist Valentin Sidorov, whose depictions of Russian rural life will warm exhibitgoers until Dec. 14.

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