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. Last Updated: 07/27/2016

08/26/2008

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Lawmakers Recognize Rebel Regions

The parliament on Monday called on President Dmitry Medvedev to recognize the independence of Georgia's breakaway regions of South Ossetia and Abkhazia.

Putin Eyes Retreat On WTO Accords

Prime Minister Vladimir Putin said Monday that Russia should abandon some of the commitments it made during World Trade Organization accession talks.

Resolution, Oil Prices Push Markets Lower

Bloomberg
Russian stocks fell to their lowest since 2006 on concerns that the recognition of two breakaway Georgian regions will renew tensions in the area, while lower oil prices may curb the earnings of energy companies.

Seaweed Feeds Arkhangelsk Plant

Consider this as a summer job: Your accommodation is a rusty shack on the coast of the White Sea and your equipment a long scythe for reaching down into the water to cut off kelp leaves and drag them into a rickety rowboat.

TNK-BP Executive Quits After 5 Years

Embattled oil firm TNK-BP announced Monday that its executive vice president for downstream, Anthony Considine, had resigned after five years with the company.

RusHydro Looking for Recovery in Share Price

RusHydro, the world's second-biggest hydropower generator, could be set to receive a boost from its debut on the MSCI Emerging Markets Index on Friday, as investors may see the electricity producer as a cheap buy among Russian stocks suffering from political risk perceptions.

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