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. Last Updated: 07/27/2016

09/23/2008

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Prokhorov Acquires Half of RenCap

Billionaire Mikhail Prokhorov on Monday agreed to pay $500 million for half of investment bank Renaissance Capital in the first major restructuring in the Russian banking sector since the outbreak of the global liquidity crisis.

Mamut Takes On Yevroset And Debt

The owners of Yevroset, the country’s largest mobile phone retailer, said Monday that they had reached an agreement on the company’s sale to ANN, the investment vehicle of billionaire Alexander Mamut.

Smiling Medvedev Shows Support for Mechel

In a sign of easing tensions, the president takes part in the opening of a $250 million plant in Kazakhstan.

Chubais to Oversee State Nanotech Firm

Two months after dismantling UES, Chubais is to lead the government’s next big project.

Markets Tick Up in Sign of Stability

Russian markets enjoyed a modest rise Monday, continuing the positive trend set by Friday’s record jump and taking a time out from the cycle of volatile movements in recent weeks.

12 Minors Jailed for Hate Crimes

The Moscow City Court on Monday sentenced 12 minors to prison sentences ranging from three to nine years for a series of racially motivated crimes last year, including the murder of a Sakha native that was filmed with a cell phone.

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