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. Last Updated: 07/27/2016

09/09/2008

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Medvedev Agrees to Withdrawal Plan

Staff Writers
Russia has agreed to remove its troops from “buffer zones” in Georgia within 10 days of the deployment of additional EU monitors.

News Outdoor Offices Searched

Investigators also stage a raid of the city government’s advertising committee.

Fannie and Freddie Bailout Buoys Markets

The U.S. government’s bailout of mortgage giants Fannie Mae and Freddie Mac was good news across the board for Russian markets on Monday, lifting stocks, commodities and the ruble.

Direct Oil Offer Made To Czechs

The Associated Press
Russia offered the Czech Republic direct deliveries of oil in an unprecedented move aiming to improve its business image in the West, government officials said Monday.

Norilsk May Spin Off Just OGK-3

Reuters
The management committee of miner Norilsk Nickel has decided to recommend that its board spin off just one power generator, OGK-3, and sell its remaining electricity assets, Norilsk said Monday.

Banks Left Wanting At Auction

Bloomberg
Russian banks on Monday sought more money than was on offer at an auction of unspent budget funds aimed at supporting liquidity in the industry after investors continued pulling money out of the country’s markets last week.

New East-West Proxy Wars

Yes, there is a crisis between Russia and the West. Yes, Moscow is engaged in a battle with Washington and Brussels over which side can make the most inflammatory statement about the other.

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