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. Last Updated: 07/27/2016

09/30/2008

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$90Bln Gas Deal Signed With Seoul

Moscow and Seoul on Monday signed a deal to send Siberian gas to South Korea, an estimated $90 billion project that both nations said would help prop up the North Korean economy.

Putin Promises $50Bln For Banks

Combined Reports
The government will provide a further $50 billion to increase liquidity in the banking system and fight the “contagion” that has spread from the United States, Prime Minister Vladimir Putin said Monday.

Ordinary People Could Feel Bankers' Pain

Although lenders insist their consumer business is going strong, the threat that the global financial crisis could hurt them remains.

$390M Polyus Offer To Get KazakhGold

Polyus Gold has made its first major foreign expansion move, offering $390 million in cash and shares for a 50.1 percent stake in KazakhGold, the Kazakh company said Monday.

Stocks Drop Sharply After Bank Bailouts

Bloomberg
The MICEX Index experienced its largest drop since regulators closed local exchanges Sept. 16, sinking 5.5 percent to 1,019 points as bank stocks led the way down on concern that more European banks will fail with repercussions for borrowing rates and liquidity in the country.

Gorbachev, Lebedev to Form Party

The Moscow Times
Billionaire banker Alexander Lebedev said Monday that he plans to create a new democratic party -- independent from the Kremlin -- with former Soviet leader Mikhail Gorbachev.

U.S. Economists Say Kremlin Blocking Oil

The Russian government deliberately engineered the recent slowdown in oil production by imposing high taxes on the industry, two eminent U.S. economists contend in a new book.

Kenna's Ethereal Shots Get Moscow Exposure

5{ is one of the great landscape photographers, and his work can be seen in dozens of museum collections all over the world. Currently, 40 works by Kenna are on display in Moscow at the Pobeda Gallery in the Winzavod Center of Contemporary Art.

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