Izhmash Gets $390M Order

July 22, 2013

Izhmash arms factory, manufacturer of the legendary Kalashnikov assault rifle, has won a 13 billion ruble ($390 million) Defense Ministry tender for antitank missiles, the company said Monday, in one of its “largest state orders in recent years.”

Central Bank to Limit Shady Transactions

The Central Bank is trying to limit Russian banks depositing money with their foreign counterparts by reclassifying the transactions as high-risk, which would make them more expensive and less attractive, Kommersant reported Friday.

Central Banker Declares Homes in U.S., Mexico

A senior Central Bank official has declared ownership of six apartments in Mexico and a home in the United States, possibly leaving him open to criticism as President Vladimir Putin campaigns to curtail holdings of foreign assets.