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. Last Updated: 07/27/2016

06/20/2008

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Everyone Pays, Few Want To Stop

People living in Russia pay $319 billion a year in bribes, according to Indem, a Moscow-based research center that tracks corruption. That amounts to about $2,250 for each of the country's 142 million citizens.

The Politics of Double Exposure

While it remains unclear whether Dmitry Medvedev or Vladimir Putin is more powerful, many government officials have reached a compromise — at least on what to hang on their walls.

Spanking Case Resurfaces 8 Years Later

Prosecutors say Yulia Privedennaya is guilty of organizing an illegal armed formation, beating minors and holding them hostage.

TNK-BP Sending Mixed Messages

In a brand-new office on the 14th floor of a central Moscow high-rise, the Russian shareholders who own half of embattled oil firm TNK-BP are waging a war.

EU Trade Chief Says Spat Won't Hurt Summit

A political dispute between Moscow and Vilnius is not going to hurt preparations for a Russia-EU summit next week, the bloc's trade chief said Thursday, stressing that business ties were best equipped to bring the sides together.

FSK Will Boost Number of Power Lines by 58%

Federal Grid said Thursday that it would boost its number of power lines by 58 percent over the next decade and eliminate a transmission deficit in Moscow by year’s end.

Free-Market Approach to State Inertia

The number of federal programs that the government is trying to implement is mind-boggling.

End of The eXile Era

So farewell, The eXile. An era has ended, and we shall not see its like again.

Moving Is Like Putting Out 3 Moscow Fires

For the expat community, summer is the time of moving in and moving out. If you are not moving, it's a great time to snap up some moving sale bargains. If you are moving, it's a great time to buy a case or two of vodka.

Russia Fans See Symbolism in Win

Alibekh Zhukenov joined in with everyone else at the Kruzhka location on Nikolskaya Ulitsa on Wednesday night in a bar-wide celebration of the Russia's 2-0 victory over Sweden in the group stage of the Euro 2008 football championship game.

Quarterfinal Lineup Is Confirmed

Reuters
Russia's deserved 2-0 win over Sweden sent it through to a quarterfinal meeting with coach Guus Hiddink's native Netherlands and completed the lineup for the last eight.

General Warns Georgia

AP, Reuters
A general on Thursday warned that Russian peacekeepers in Georgia's breakaway Abkhazia province will not maintain restraint if they continue to face ""provocations.""

Medvedev, King Tout Football

The Moscow Times
Visiting Spanish King Juan Carlos and President Dmitry Medvedev congratulated each other on their national teams' success in football, saying ties in other areas should be equally successful.

Food Prices Growing Faster Than Europe's

Food prices have risen 11.6 percent in the country since the start of the year, compared with 3.1 percent in Europe, the State Statistics Service said Thursday.

Aeroflot's Profits to Fall Despite Revenue Climb

Reuters, Bloomberg
Aeroflot said Thursday that its revenues this year would rise 30 percent, but profits would fall on the back of high jet fuel prices.

News in Brief

Yashin Pulls Out of RaceYeltsin Videos ConfiscatedBlimp Hunts ImmigrantsHouse Cement-Bombed

OGK-3 Can List

Bloomberg
OGK-3, a power unit owned by Norilsk Nickel, has received permission to list its shares outside the country, Interfax reported Thursday.

Business in Brief

RTS Futures Contracts LeapReserves Hit $551.5BlnRolls-Royce Opens OfficeNo Steel Tax Expected$600M for Golf CoursesRosneft to Fix PlantMechel May Raise $2Bln
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