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. Last Updated: 07/27/2016

04/18/2008

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Vainshtok Resigns as Olympics Chief

Staff Writers
Semyon Vainshtok, the head of the Olimpstroi state corporation responsible for preparing Sochi for the 2014 Olympics, resigned abruptly Thursday, amid accusations of mismanagement and cost overruns.

$4.5Bln Debt Deal Crowns Libya Trip

The raft of deals agreed on during President Vladimir Putin’s visit also includes a $3.5 billion rail contract.

Iron Felix to Metals Magnate for Dynamo

The team started by Dzerzhinsky, and linked to the secret services throughout its history, attempts a revival.

Weak Interest Shown in Auction for Funds

Bloomberg
The country's biggest banks borrowed less than analysts expected in a special auction held by the Finance Ministry on Thursday to inject money into the banking system.

Ministers See Inflation Hitting 10%

Reuters
The Economic Development and Trade Ministry on Thursday raised its inflation forecast for 2008 to 9 to 10 percent from the previously predicted 8 to 9.5 percent, ministry documents obtained by Reuters showed.

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