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Financial crisis in Cyprus

Alexander Lukashenko

© RIA Novosti. Wladimir Astapkowitsch

© REUTERS Vasily Fedosenko

EU Sanctions Saved Belarus from Cyprus Losses – Lukashenko

16:57 19/04/2013

Sanctions imposed by the European Union on Belarus over its human rights record saved Belarusian businessmen from taking a Cyprus deposit "haircut," President Alexander Lukashenko said on Friday.

Online Retail Giant Amazon Comes to Russia
15:16 19/04/2013
The world’s biggest online retailer Amazon is opening a representative office in Russia, Forbes magazine reported on Friday, citing unnamed sources.
BRICS States to Work in Groups on Development Bank - Storchak
05:56 19/04/2013
Finance ministers of the BRICS countries agreed to set up delegations that would work out the main principles for the establishment of a development bank by this fall, Russian Deputy Finance Minister Sergei Storchak said.
Former US Governor to Chair Credit Bank of Moscow
21:49 18/04/2013
Former two-term Colorado Governor Bill Owens will take over as chairman of the privately owned Credit Bank of Moscow’s supervisory board as it prepares to go public.
Famous Conductor Gergiev Invests in Turkey Meat
18:32 18/04/2013
Valery Gergiev, a world-famous Russian conductor and artistic director of St. Petersburg’s Mariinsky Theater, said on Thursday he has invested in one of Russia's largest turkey meat producers to “support” the company.
Gazprom to Drill Vietnam Offshore Gas in June
16:33 18/04/2013
Russian energy giant Gazprom plans to start gas production off Vietnam’s coast in June, Gazprom Deputy CEO Vitaly Markelov said on Thursday.
Russia to Stick With An-70 Aircraft Project - Ambassador
16:04 18/04/2013
Russia will stick with its original agreement with Ukraine to jointly build the Antonov An-70 propfan tactical transport aircraft, Russian Ambassador to Ukraine Mikhail Zurabov said on Thursday, despite tensions between the two sides over the project's progress.
Russia Can Break Oil Dependence This Century – Kudrin
14:58 18/04/2013
Russia will be able to break free from its dependence on oil exports if it switches to a new model of economic development in the 21st century and creates conditions conducive to business, former Finance Minister Alexei Kudrin said on Thursday.
New Wealthy Russians Join Forbes Rich List
13:37 18/04/2013
Moscow’s chief obstetrician, a deputy to Russia’s voucher privatization architect Anatoly Chubais and the rector of a university where President Vladimir Putin defended his thesis are among the lucky ones who have joined Forbes’ 2013 Wealthiest Russian Businessmen List published on Thursday.
Main News of April 17
00:40 18/04/2013
Medvedev Offers Prize for Plan to Diversify Economy
17:15 17/04/2013
Prime Minister Dmitry Medvedev said on Wednesday he would offer a state prize for anyone who could find a method of ridding the Russian economy of its dependence on raw materials in the next few years.
Russia to Use Pension Pot to Fund Transport - Medvedev
14:33 17/04/2013
The Russian government intends to spend 440 billion rubles ($13.9 billion) on major infrastructure projects in 2013, including money from the country’s pension fund, Prime Minister Dmitry Medvedev said on Wednesday.1
Russian Tycoon Buys Onassis’ Island
19:17 15/04/2013
A Russian billionaire bought a piece of romantic history for his family late last week, when he purchased the island where Aristotle Onassis wedded Jacqueline Kennedy in 1968, Greek media reported.1
Mechel, China’s Baosteel to Team Up for Mining Resources Projects
18:37 15/04/2013
Russian steel and coking coal producer Mechel and China’s metals firm Baosteel Resources Int. Co. Ltd. have signed a memorandum to implement joint mining resources projects, Mechel said on Monday.
Rosneft, Pirelli to Open Flagship Tire Store in Russia
17:36 15/04/2013
Russian oil giant Rosneft and Italian tire maker Pirelli have agreed to open a Pirelli tire store at a Rosneft filling station in the Black Sea resort of Sochi, Rosneft said on Monday.
Alrosa to Launch Diamond Trade on Shanghai Bourse
16:24 15/04/2013
Russia’s largest diamond miner has signed a letter of intent with the Shanghai Diamond Exchange to sell rough and polished diamonds at auctions held by the Chinese bourse, Alrosa said on Monday.
Mechel Reports $1.1 Bln Net Loss in Q4
13:59 15/04/2013
Russian steel and coking coal producer Mechel posted a $1.114 billion US GAAP net loss for October-December 2012, down from a $54.911 million net profit in the third quarter of last year, the company said on Monday.
Norilsk Nickel’s 2012 Net Profit Down 41% to $2.14 Bln
12:21 15/04/2013
Russian metals giant Norilsk Nickel's 2012 IFRS net profit fell 41 percent on the previous year to $2.143 billion, the company said on Monday, citing unfavorable market conditions.
High-Tech Body Scanner Gives Shoppers a Custom Fit
00:41 13/04/2013
Imagine being able to try on 10 different pairs of jeans in 10 seconds. Now, imagine they all fit. Perfectly. And come in the exact shade and style you prefer.
Recession Imminent Warns Russian Economy Minister
18:22 12/04/2013
The Russian economy could slip into recession this coming fall unless measures to stimulate growth are urgently implemented, Economy Minister Andrei Belousov said on Friday.1

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Grozny, the capital of Chechnya, in 1996

For Boston Suspects, Was Chechnya’s Violent Past a Motive?

As investigators hunt for evidence about the Boston bombing suspects, some of their questions – like the American public’s – will focus on Russia’s restive North Caucasus, including the war-scarred republic of Chechnya, a region that has produced a number of violent militant groups, but none that has been linked to terror attacks against the West.

European Court Issues Startling Ruling on Abuse in Chechnya

European Court Issues Startling Ruling on Abuse in Chechnya

The European Court of Human Rights has handed down a ruling that rights activists called unprecedented in its implication of Chechen law enforcement officials in a kidnapping case.

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Obama Talks With Putin, Lauds Anti-Terror Effort on Boston Attack

President Barack Obama spoke Friday with President Vladimir Putin and praised US-Russian anti-terrorism cooperation in the wake of the twin bomb attack this week at the Boston Marathon, the White House said.

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Russian Troops in Abkhazia to Get Air-Conditioned APCs

Russian troops stationed at a military base in Abkhazia will receive up to 40 upgraded armored personnel carriers (APCs) featuring improved ballistic protection and air conditioning, the press service of the Southern Military District said on Friday.

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