Cyprus, Hong Kong, the Cook Islands, Switzerland, Latvia, and other ‘offshores’ is where over $45.5 billion of Russian wealth ended up in the first half of 2013, according to new figures from the Russian Central Bank. The figure is up more than a third year-on-year, which last year reached 1 trillion roubles, Izvestia reports.
Russia’s lower house of parliament last week approved an amnesty which could free thousands of entrepreneurs jailed for business crimes.
Investigators arrived at the offices of opposition leader Alexei Navalny‘s Foundation to Fight Corruption and began seizing documents Tuesday evening, a spokeswoman for the organization said on Twitter.
Russia will launch two Glonass navigation satellites later this year to make up for the loss of three satellites in the recent Proton rocket explosion after launch from the Baikonur space center in Kazakhstan, a senior space industry official said.
The head of state-owned energy giant Rosneft has called for a large reduction in the tax burden on the oil industry, Vedomosti reported Monday, in a move that could increase friction with the government.
A journalist in Russia’s North Caucasus was shot dead on Tuesday after repeated threats and an attempt on his life. Akhmednabi Akhmednabiyev, an editor at a local weekly newspaper critical of authorities and contributor to leading online source Caucasian Knot, was gunned down in his car Tuesday morning by unknown attackers…
The EU has told the WTO it held that Russia was illegally protecting its carmakers with a recycling fee levied on imported cars, and had given up waiting for Moscow to change the law.
The Russian prosecutor general says some 215 NGO’s are bypassing a recent law on foreign funding by not registering themselves as foreign agents.
Russia said on Monday that remarks by the new leader of the opposition Syrian National Coalition have raised questions about his dedication to a political solution of the conflict, and urged the group to commit to attending a peace conference.
Russia’s lower house of parliament has stripped compliance measures from proposed tax incentives for “tight” oil production, a parliamentary official said. Energy companies have warned that the measures, which will now be reviewed by the upper chamber, would drive up production costs and deter investment.
