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. Last Updated: 07/27/2016

06/03/2008

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Kudrin Wants Fewer Strategic Sectors

Staff Writers
Prime Minister Vladimir Putin praised a new law restricting foreign investment in strategic sectors at a government meeting on Monday, but a senior Cabinet member said the legislation was too strict and might ultimately be relaxed.

Detsky Mir Refit Has Some Perturbed

The landmark children’s store Detsky Mir will close July 1 for a massive, two-year refit, which is expected to cost $200 million. While the arched facade will remain, the interior will be gutted and replaced with a six-story glass atrium containing a food court and cinemas.

Tsar’s Bubbly Tipple Enjoys Sparkling Revival

In a small North Caucasus village, Boris Titov’s investor group is importing wine know-how from Champagne, France.

Polyus Shares Jump On Prokhorov Offer

Shares of Polyus, the country’s leading gold producer, jumped  11 percent, or 163 rubles, on the MICEX exchange Monday after Onexim Group, Mikhail Prokhorov’s holding company, offered to boost his stake in the company by 6.54 percent.

American Airlines Starts Moscow Route

Bloomberg
American Airlines will start flying to Moscow on Tuesday, ending Delta Air Lines’ monopoly among U.S. carriers and seeking to tap into Russia’s growing economy.

Russia for Racists

In Russia, if you have dark hair and a slightly swarthy complexion, you are likely to be in danger. Sadly, the country’s leaders have tolerated, if not encouraged, fear of foreigners and assaults on those whose appearance differs from the average Russian.

Taking It to The Streets

As the number of cyclists in Moscow grows, some enthusiasts are lobbying the city for better bicycling conditions.

UN Criticizes Sochi Olympic Plans

Reuters
It says the planned bobsled venue poses an environmental threat to endangered flora and fauna.

Green Monkey Smugglers Nabbed

Reuters
Authorities in southern Russia found eight monkeys of an internationally protected species in wooden crates and arrested those trying to smuggle them past a road checkpoint, the Federal Customs Service said on Monday.

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