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. Last Updated: 07/27/2016

02/05/2013

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Heaviest Snowfall in a Century Hits Moscow

The heaviest snowfall in a century brought Moscow and the surrounding region to a near standstill and left hundreds of people without power, officials said Tuesday.

Central Bank Might Raise Interest Rates

Reuters
The Central Bank confirmed on Tuesday that it might raise interest rates briefly if inflation threatens to get out of hand, but its first monetary policy report shed little new light on its likely strategy this year.

United Russia's Liberal Platform Seen as Ploy

Analysts denounce the ruling party’s establishment of a liberal platform as a ploy to lure new members and denounce critics.

Former Lithuanian Foreign Minister Named EU Envoy

The European Union has picked former Lithuanian Foreign Minister Vygaudas Usackas to head its delegation to Russia.

Russian Railways Sells 25% Stake in Commuter Rail Company

The Moscow Times
Russian Railways closed a deal to sell 25 percent of the nation's biggest commuter-train operator to the Moscow Passenger Co., which is owned by private transportation and logistics firm Transgoup.

Belykh Faces Ouster by Regional Lawmakers

Nikita Belykh, the liberal governor of the Kirov region and a former opposition leader, is facing a new wave of pressure from opponents after 19 regional lawmakers announced their intent to put forward a no-confidence vote against him.

Rate Cuts Unlikely as Inflation Jumps Above 7%

Reuters
A jump in the inflation rate above 7 percent in January means the Central Bank will be in no rush to cut interest rates despite growing political pressure to do so.

No Fuel Suitable for Mistral Available in Russia

The Moscow Times
Russia doesn't produce the type of fuel required for the French-made Mistral helicopter carrier ships, said Deputy Prime Minister Dmitry Rogozin, who oversees the military-industrial sector.

Minister Seeks Extra $1.4Bln in Farm Subsidies

Agriculture Minister Nikolai Fyodorov on Tuesday asked for an additional $1.4 billion in farming subsidies this year, as grain prices are growing and WTO commitments are taking effect.

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