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. Last Updated: 07/27/2016

07/03/2008

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BP to Pull 88 Foreign Staff From TNK-BP

BP has decided to withdraw 88 foreign employees assigned to its troubled joint venture TNK-BP, the company said Wednesday, in recognition that the Russian-British firm’s escalating shareholder dispute shows no signs of nearing a resolution.

Kremlin to Cede Power to Fight Graft

President Dmitry Medvedev said Wednesday that Moscow had to cede some of its powers to regional governments if it is to be successful in rooting out the corruption he described as having become a “way of life” in the country.

Mystery Shrouds Shchekochikhin's Death

Staff Writers
Five years on, the circumstances surrounding the death of Yury Shchekochikhin, a liberal State Duma deputy and one of the country’s most fearless investigative journalists, remain an enigma.

Oil Tax Cuts Passed In Key 2nd Reading

Bloomberg
The State Duma approved tax cuts for oil producers to encourage exploration and development in a crucial second reading Wednesday.

Oil Output Has First H1 Fall in Decade

Reuters
National oil output edged up 0.3 percent in June from the previous month, but was down almost 1 percent in the first half of the year, casting further doubts over the government's goal to sustain growth this year.

PIK Buys $640M of Land in Rostov

Bloomberg
PIK Group said Wednesday that it bought land in the Rostov region to build a 15 billion ruble ($640 million) residential and commercial complex as it expands outside Moscow.

Why the Kremlin Is So Scared of Ukraine

Russia and the West are losing each other yet again. The magnetic attraction and repulsion between the two has been going on for centuries. Indeed, historians have counted as many as 25 of these cycles since the reign of Tsar Ivan III.

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