Police searched the offices of a high-ranking Russian construction official suspected of a 30 million ruble ($920,000) fraud, the Interior Ministry reported on Tuesday.
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Central Bank Lending Auction Injects $10Bln into Banking System
The Central Bank drew modest demand at a one-year lending auction earlier this week, boosting expectations of impending cuts in main policy rates to shore up the slowing economy.
Former Kremlin ideologue Surkov calls Putin “white knight”
Former Deputy Prime Minister Vladislav Surkov says he’s still getting by on odd jobs in his first major interview published since he resigned from his post in May.
Russian Navy Day Festivities to Nix Unchristian Characters
Neptune, the Roman god of the sea, will reportedly no longer be appearing at Russian Navy Day celebrations because the Orthodox Church, the strongest religion in the country, has protested against pagan characters at such events.
Rosneft Posts 1H Results
Rosneft reported 35 billion rubles ($1.07 billion) in second-quarter net income, beating analyst expectations of 31.3 billion rubles in its first fully integrated results after its buyout of TNK-BP.
Moscow Region’s Top Prosecutor Quits
The Moscow region’s chief prosecutor, Alexander Anikin, submitted a letter of resignation on Monday over conflicts between supervisory agencies caused by his handling of a high-profile case involving illegal casinos.
Vladimir Putin pike stunt ‘a bit fishy’
There was a time when Vladimir Putin’s macho antics inspired pride among Russians, but many are finding it hard to believe the president’s latest stunt – catching a huge pike in Siberia.
Some 15,000 Foreigners Denied Entry to Russia in 6 Months
Almost 15,000 foreign nationals have been denied entry to Russia for various reasons in the first half of this year, three times more than in the same period last year, the Federal Migration Service (FMS) said Monday.
Half of Russia’s Regions to Miss Construction Targets
Half of Russia’s regions are won’t meet targets for housing construction due to a lack of building materials, a news report said Monday.
Gazprom Takes Over Kyrgyz National Gas Network for $1
Gazprom has paid $1 to take over Kyrgyzstan’s natural gas network and pledged to invest billions of rubles to upgrade its gas infrastructure and ensure stable supply, Russian and Kyrgyz government officials said.