In anticipation of the winter Olympics, Russian federal forces have launched a major crackdown on Islamic insurgents this summer. But many families in the North Caucasus say they have become random targets, which in turns leads to more young radicals.
News Highlights
Aeroflot ‘should invest in Russia rather than Manchester United’
Aeroflot, Russia’s national airline, should invest in the country rather than Manchester United, according to the deputy prime minister.
Russia should use own electronics in defense industry: deputy PM
Russia’s defense industry is cutting down on its use of foreign electronics as a result of leaks by ex-U.S. spy agency contractor Edward Snowden, a Russian government official said on Monday.
Investigators Probe ‘Extremist’ Article’s Call For Attacks on Chechens
Investigators in Russia’s central Urals region have opened a criminal case after a newspaper article called on people in a provincial town to attack ethnic Chechen residents, following a high-profile murder there.
Russian Construction Official Suspected of $1 Mln Fraud
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.
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.
U.S. Is Overpaying for Russian Helicopters, Group Says
The Pentagon is paying inflated prices to buy controversial Russian helicopters for Afghanistan, an advocacy group critical of the deal said Monday ahead of a Senate vote.
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.