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. Last Updated: 07/27/2016

06/14/2013

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Prokhorov to Skip Mayoral Election

Citing problems with transferring his foreign assets to Russia, billionaire businessman Mikhail Prokhorov announced Thursday that he would not run for mayor of Moscow, removing perhaps the strongest potential opponent to acting Mayor Sergei Sobyanin from the September vote.

Putin Says Government Faces Falling Revenues

In the coming years, the government will get less revenue than was expected before, and the budget plan for 2014-2016 has to be planned accordingly, President Vladimir Putin said on Thursday while presenting the budget plan to senior government officials and lawmakers.

Activists Protest 'Cruel' Animal Rights Bill

Dozens of opponents of an animal rights bill called "cruel" by activists gathered at the public reception office of the State Duma on Thursday to petition Duma Speaker Sergei Naryshkin to revise the legislation.

Activists Fear Repercussions of 'Blasphemy Bill'

The bill protecting "believers' feelings," which rights activists and analysts have called a "step back" for Russia, a legal "Pandora's Box" and a return to the Dark Ages, looks set to take effect in July after sailing through the State Duma with a unanimous vote on Wednesday.

Navalny Ordered to Return to Kirov

The Moscow Times
Opposition leader Alexei Navalny is to be forcibly brought back to Kirov at prosecutors' request for the continuation of the embezzlement case against him, a news report said Thursday.

Political Feud Rattling Investors in Georgia

Reuters
A political tug of war in Georgia is unsettling business and hurting the economy in the former Soviet state that has won the most international praise for its market-friendly reforms.

Lenta Picks Banks for Possible IPO

Reuters
Hypermarket chain Lenta, part-owned by U.S. private equity firm TPG and VTB Capital, has selected banks for a possible initial public offering (IPO) next year, two sources familiar with the situation said.

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