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Putin faces wave of protests as opposition calls for new Russian elections
Friday, 09 December 2011 20:10

More than 35,000 demonstrators expected to attend Moscow rally as anger grows over corruption and lack of democracy in Russia

Vladimir Putin is set to face the biggest show of opposition yet to his strongman rule with tens of thousands of Russians promising to take to the streets on Saturday in a popular wave of discontent unseen since he came to...

Russian expats protest amid wave of anger – and hope
Friday, 09 December 2011 18:38

Vladimir Putin's path back to the presidency has roused the global Russian diaspora into political action

As thousands of Russians descended on a park in central Moscow this week to protest against disputed elections won by Vladimir Putin's United Russia party, Alexey Kovalev began to feel something. "I could feel the buzz I felt in 1991 when I was...

Green light for energy efficient battery production in Siberia
Friday, 09 December 2011 14:49

image from http://www.liotech.ru

Liotech, the joint venture between China's Thunder Sky and Rusnano has opened the world's largest lithium-ion battery factory.

The plant will produce batteries for all kinds of uses including ultra high capacity for electric vehicles.

"This facility is one of the best in the world in terms of equipment and prod...

Megafon wins auction for Ural rival
Friday, 09 December 2011 14:42

RIA Novosti / Vitaly Belousov

Russian mobile operator Megafon has bought Ugratel, the largest telecommunication company in the Ural region, for $80 million.

The three largest mobile operators MTS, Beeline and Megafon and land-line provider Rostelecom all bid for Ugratel at an auction in Saint-Petersburg.

Ugratel has about 13% of the local market.


Smaller Russian banks struggle for additional capital
Friday, 09 December 2011 14:03

RIA Novosti / Alexey Kudenko

New Central Bank requirements for a minimum of capital could put dozens smaller Russian banks out of business. They have less than a month left to bring their capital up to mandatory 180 million rubles by January 1, 2012

­According to Bank of Russia’s data, 69 of 151 banks could have their licenses revoked if they fa...

VTB: Russia gearing up for external pressure
Friday, 09 December 2011 11:03

While the EU struggles with the debt crisis which has almost spiralled out of control Russia is trying to distance itself by expanding export opportunities. Herbert Moos CFO of VTB says Russia will do well to learn from the EU experience.

Russian Duty Free Shops could run dry
Friday, 09 December 2011 10:29

RIA Novosti / Aleksey Nikolskyi

Travelers flying from Russian airports may have to go 'cold turkey' as new regulations will force duty free shops to stop selling alcohol.

­The new rules being introduced by the Russian Alcohol Market regulator require all shops selling alcohol to have separate stock rooms. Duty Free operators say their shop ...

European observers never observed elections before
Friday, 09 December 2011 09:00
Who would have thought that the Russian elections is a way to improve the financial situation not only of the domestic political strategists, but also of many foreign unemployed, retirees, secretaries and sales agents? These are the people who formed the corps of the observers from the OSCE ODIHR at the parliamentary elections in Russia on Dec. 4...
The ECB key rate down to 1%
Thursday, 08 December 2011 15:34

Demonstrators form a human chain around the financial district including the European Central Bank (ECB) in Frankfurt am Main, Germany (AFP Photo / Daniel Roland)

The European Central Bank has cut its key interest rate by a quarter percentage point to 1% to help the eurozone economy out of its debt pit.

Bank President Mario Draghi...

Bashneft net profit jumps by over 50% in 9M 2011
Thursday, 08 December 2011 13:46

image from http://www.bashneft.ru

Russian oil producer Bashneft has seen a 52,7% rise in net profit for the first nine months of the year after boosts in exports and oil prices.

­Bashneft reported a $1,309 million net profit in the period January to September 2011 comparing to $857 million in 2010 with EBITDA increased 31.6% to $2,368 million. ...

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