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. Last Updated: 07/27/2016

08/18/2008

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Kremlin Agrees to Troop Withdrawal

Staff Writers
Amid doubts over whether Russia would honor a peace deal it had signed a day earlier, President Dmitry Medvedev said Sunday that Russian troops would start to pull out of Georgia proper on Monday.

Western Leaders Pump Up Rhetoric

Staff Writers
Western diplomatic efforts to resolve a crisis between Russia and Georgia took on a sharper edge over the weekend, as Russian soldiers remained deployed in Georgia despite the signing of a truce.

Court Hits Telenor for $2.8Bln

A Siberian court in the wee hours of Saturday morning ordered Norway’s telecoms company Telenor to pay $2.8 billion to VimpelCom in a ruling that highlighted the unusual judicial practices that may beset foreign investors.

Numbers Cast Doubt On Genocide Claims

Days after the fighting ended in South Ossetia, a huge question mark is hanging over the number of civilians who actually died.

Kudrin Proposes Tax Hike, Funds Reform

Reuters
The Finance Ministry on Sunday unveiled a draft fiscal strategy to 2023, proposing to raise social security taxes from 2010 and reform the $162 billion oil wealth funds to back up the pension system.

Markets Endure Trio Of Troubling Events

Russian markets endured a turbulent week, as stocks of major companies faced a triple assault amid worries over fighting in Georgia, anti-monopoly measures against Mechel and the seemingly never-ending TNK-BP saga.

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