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. Last Updated: 07/27/2016

03/19/2013

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Russian Lenders Face Billions in Losses Due to Cypriot Levy

The proposal by the Cypriot authorities to introduce a levy on the country's bank deposits as part of a plan to bail out its economy drew harsh criticism from Moscow on Monday, with the largest Russian lenders facing multibillion-dollar losses as a result of the measure.

Missile Defense Is a Nice Problem to Have

Washington's decision to scrap the last phase of the planned NATO missile shield for Europe elicited expectations that U.S.-Russian relations might improve by removing a major stumbling block that had irked Moscow.

What the Papers Say, Mar. 18, 2013

BBC Monitoring
A roundup of today's Russian-language newspapers

Editor and Deputy Trade Blows Over 'Insulting' Article

A highly public spat between a prominent lawmaker and a well-connected newspaperman about "political prostitution" and threats against journalists reached new heights on Monday, with both turning to the government to punish the other.

Orthodox Activists Storm Darwin Museum, Plant 'God Created World' Flag

The Moscow Times
Orthodox activists have stormed Moscow's Darwin Museum , tossing leaflets with creationist slogans into the lobby and planting a "God Created the World!" flag on the roof.

Morgan Stanley Reduces Russia's Growth Forecast

Morgan Stanley joined the ranks of those predicting a sluggish period for the Russian economy Monday as it cut its 2013 growth forecast to below 3 percent.

Moscow Region Seeks Estate Investors

Moscow region acting Governor Andrei Vorobyov has proposed that investors renovate abandoned centuries-old country estates in exchange for future cheap rent.

Government Watchdog Slams YouTube Over Lawsuit

The Moscow Times
The government's consumer watchdog, frustrated over a Google lawsuit, complained Monday that Google and its YouTube site are more concerned with free access to information than with protecting users from harmful content.

Russian Navy to Be Permanently Present in Mediterranean

The Moscow Times
The Russian Navy will keep a permanent squadron of five to six ships in the Mediterranean Sea in order to protect its interests in the area, Russian Navy Chief Admiral Viktor Chirkov told the Zvezda television channel.

Rostelecom CEO Replacement Is Set, Report Says

The Moscow Times
Alexander Provotorov, the CEO of Rostelecom, is set to lose his position as head of the country's biggest telecommunications company after the Communications and Press Ministry proposed Sergei Kalugin as his replacement, the Prime news agency reported Friday.

Tax Breaks for Shale, Offshore Oil Seen on Jan.1

Reuters
Russian tax breaks for shale and offshore oil, to unlock millions of barrels, will come into force on Jan. 1, 2014, a Finance Ministry official said Monday.

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