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. Last Updated: 07/27/2016

04/25/2008

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Moscow Electricity Supplier Rebuked

Unified Energy System on Thursday lashed out at Gazprom-owned Mosenergo, Moscow’s main electricity supplier, accusing it of failing to build new capacity to meet burgeoning demand.

Prokhorov Sells 25% in Norilsk to RusAl

Months of negotiations and rumors came to an end Thursday as Oleg Deripaska’s United Company RusAl closed a deal to buy a stake of 25 percent plus one share in Norilsk Nickel, the world’s biggest producer of the metal.

British Car Dealer to Buy Musa

Inchcape car dealership group, the world’s largest automobile retailer, said Thursday that it would buy Russia’s Musa Motors Group, paying up to $700 million in a move to strengthen its foothold in one of the world’s fastest-growing car markets.

A Just Russia Looks to Spring Cleaning

A Just Russia is to hold its third annual congress Friday at the Kremlin, where the party is expected to expel thousands of members who were not aware that they were members and to tweak the colors scheme of its logo.

City Hall Rains on Gay Pride Parade

Gay rights activist Nikolai Alexeyev lashed out at City Hall on Thursday after Mayor Yury Luzhkov's office assailed his proposal for a gay pride parade during the holidays at the start of May.

Fukuda to Build Ties Before G8

Talks between Japan and Russia this weekend will likely focus on preparations for the upcoming Group of Eight summit, the possible sale of carbon credits by Russian companies and a decades-old dispute over the Kuril Islands, officials from both countries said Thursday.

TNK-BP Oligarchs Dismiss Talk of Sale

The Russian shareholders who own half of embattled oil major TNK-BP issued a rare statement Thursday strongly denying any intention to sell their stakes in the British-Russian venture.

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