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. Last Updated: 07/27/2016

12/09/2008

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Aleksanyan Is Ordered Freed on Bail

The Moscow City Court ruled Monday that former Yukos vice president Vasily Aleksanyan, who is suffering from lymphatic cancer, tuberculosis and AIDS, will be freed on bail of 50 million rubles ($1.78 million).

Bank of Moscow to Ask for a Bailout

Bank of Moscow said Monday that it had asked Vneshekonombank for more than $1 billion in loans and would lay off 10 percent of its staff.

Chubais Says Nanothieves a Big Headache

In a sign the government might be taking nanomania a bit too seriously, Nanotechnology Corporation chief Anatoly Chubais rolled out plans last week for a war on nanothieves — companies who inaccurately use the “nano” prefix to hawk wares ranging from breast implants to concrete.

Net Exports Grow to $183Bln

Combined Reports
The country's trade surplus grew to $182.8 billion in the first 10 months as the world's biggest oil and gas exporter benefited from energy sales, the Federal Customs Service said.

S&P Cuts Russia For First Time Since '98

Reuters
Standard & Poor's on Monday became the first ratings agency to downgrade Russia in a decade, while data showed that the Central Bank had spent $30 billion in currency market interventions last month. S&P said it was keeping a negative outlook on Russia's new BBB foreign currency rating and BBB+ long-term ruble rating.

State Bans Imports of Irish Pork

Combined Reports
The government has announced a ban on the import of Irish pork and pork products over fears of dioxin contamination, the country's top public health official said on Monday .

Patriarch's Funeral to Jam the Streets

City traffic came to a standstill Monday as streets around the Christ the Savior Cathedral were closed while people paid their respects to Russian Orthodox Patriarch Alexy II, who died Friday. Tuesday will be worse, when more streets will be closed for Alexy's funeral.

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