Install

Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

12/04/2008

Free access archive

Sibir Dives on Investor Bailout

An announcement by Sibir Energy on Wednesday that it was taking on an additional $340 million worth of distressed assets owned by major shareholder Shalva Chigirinsky sent the company’s shares plummeting, losing more than half of their value on the London Stock Exchange.

Chubais Offers Cheap Nanotech Loans

The Nanotechnology Corporation, or Rosnano, will offer loans of up to 10 years with interest rates starting at 8 percent, Chubais announced at the opening of the First International Forum on Nanotechnology.

Restaurants Roll Out Anti-Crisis Menus

The managers at Riva, an upscale restaurant overlooking the Moscow River, have been busy of late deleting some of the more expensive items from their menu as well as more affordable items like borshch, the salad bar and sandwiches.

Merger Will Spawn No. 2 Private Lender

Moscow-based MDM Bank and the regional Ursa Bank, Russia’s 13th- and 15th-largest banks, respectively, will merge to become the country’s second-largest privately owned bank, they said in a joint statement released Wednesday.

Kyoto Carbon Emission Credits Not For Sale

Bloomberg
The country will refuse to sell carbon-emissions credits to other nations, removing from the market the biggest single pool of licenses to release greenhouse gases under the Kyoto global-warming treaty, a government official said.

Russia Gloats Over Veto of NATO Plan

Combined Reports
Russia's ambassador to NATO said Wednesday that the alliance's decision to rule out near-term membership for Ukraine and Georgia shows that the U.S.-led military bloc is shying away from interfering with Russia's sphere of influence.

Former Tycoon Avoids the Crisis by Raising Sheep

The Associated Press
The financial crisis has cost some tycoons their fortunes, but one of Russia's first multimillionaires says he hasn't lost a kopek.

Most Read

advertising
Moscow Directory