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.
Russia’s most effective anti-corruption campaigner and opposition leader was found guilty of embezzlement Thursday and sentenced to five years in prison in a verdict that sent shock waves throughout the country.
The head of one of the world’s largest transport companies, state-owned Russian Railways, this week dismissed as unfounded corruption allegations made against him by opposition protest leader Alexei Navalny, Prime news agency reported.
The European Union voiced concern on Thursday at a five-year jail term handed down to Russian opposition leader Alexei Navalny, saying the trial raised serious questions about rule of law in Russia.
Russian opposition leader Alexei Navalny was sentenced to five years in jail for theft on Thursday, an unexpectedly tough punishment which supporters said proved President Vladimir Putin was a dictator ruling by repression.
Russia’s Investigative Committee called the presidential human rights council’s former head in for questioning this week, in what fellow activists link to an ongoing probe into experts who backed releasing jailed oligarch Mikhail Khodorkovsky, Russian media reported Thursday.
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.
According to data from the World Bank, Russia’s economy has jumped ahead of all the European nations, becoming the fifth largest worldwide in terms of GDP. Experts are confident that, in the future, the gap between the Russian Federation and the Old World will widen further.
Opposition politician and anticorruption blogger Aleksei Navalny has gotten all the press during the nearly four months of his trial. But he was not alone in the dock, as he took pains to point out during his closing remarks on July 5.
US-based Internet giant Google is suspected of tax evasion in Russia, a senator in Russia’s upper house of parliament said Thursday.
