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There's no stopping South Stream
Wednesday, 28 December 2011 14:33

Turkey has given the green light to South Stream –a set of pipelines carrying Russian gas to Southern Europe - to cross its territory. Yet there’s still uncertainty if Russia- Ukraine gas talks would affect the project.

The pipeline is intended to carry 63 billion cubic meters of gas annually from Southern Russia to Europe, bypassing the transit...

Siberia to separate from Russia to become a part of USA
Wednesday, 28 December 2011 12:43
The idea to separate Siberia and annex the territory to the USA has been engrossing the minds of Siberian separatists for a long time. Surprisingly, or maybe not, they find the support from across the ocean. Siberia may become a part of the US just like it happened to California and Alaska even though they were Russian colonies in the 19th...
Ex-Finance Minister flourishes a brush for charity
Wednesday, 28 December 2011 12:27

Former Finance Minister Alexei Kudrin (RIA Novosti / Vladimir Astapkovich)

Russia’s former Finance Minister Alexey Kudrin has been proving there is more to life than balance sheets. He’s sold his first painting at auction for 100,000 euro – the money will go to charity.

­Mr Kudrin went to art classes as a child, and a couple of years ago decided to ...

Russian IPO Rollercoaster
Wednesday, 28 December 2011 11:00

Russia´s IPO ambitious plans were pretty much damaged by the world economic unrest in 2H 2011

After a good start Russian IPOs were disrupted by the economic turmoil in the second half of 2011 as many investors preferred to sit and wait for better times.

In 2011 domestically companies earned an estimated $10 billion from IPOs, says...

Exodus from Egypt
Wednesday, 28 December 2011 10:42

Tourists walk on the beach near the site in the Red Sea resort of Sharm el-Sheikh (AFP Photo / KHALED DESOUKI)

Leading Russian tourism organisations are voicing their concerns over the possible introduction of Islamic law into Egypt that would restrict alcohol and how women dress, and say it is likely to scare away Russian tourists.

­Some of the ...

Market Buzz: The holiday doldrums
Wednesday, 28 December 2011 06:40

Employees of the ATON Investment Company (RIA Novosti / Grigory Sysoev)

Russian stocks are expected to gain in Wednesday trading, after the unexpected fall on Tuesday.

Russian indices closed in the red on Tuesday, with MICEX losing 0.28% to reach 1,386.14 and RTS falling 1.12% to 1,397.65.

Markets in this country are still suffering losses from...

Putin ejects Kremlin 'puppet master' after protests
Tuesday, 27 December 2011 22:20

Vladislav Surkov, the architect of Russia's tightly controlled political system, has become one its most senior victims

Facing a swelling wave of public anger over fraud-tainted elections, prime minister Vladimir Putin has rejected demands for a rerun of the vote, while the Kremlin has reassigned the architect of his tightly controlled political...

Letters: Sell-off death toll
Tuesday, 27 December 2011 22:00

Professors Earle and Gehlbach (Letters, 27 December) continue their criticisms of our Lancet paper that showed an association between the depth and speed of mass privatisation in the former Soviet Union and mortality. Unfortunately, they fail to note that we have comprehensively responded to these criticisms in the Lancet, noting how they approach...

Russian mortgage rocks
Tuesday, 27 December 2011 15:33

Russian mortgage market could reach its record high in 2011

Russians have become more open to mortgages, as their volume grew almost 80% year on year in 2011, experts say.

The mortgage market has been dynamically recovering in 2011 and, according to expert estimates, should reach its record high of 681 billion roubles this year. Sberbank, Russia’s b...

Putin not afraid of presidential vote in 2012
Tuesday, 27 December 2011 15:21
Former Finance Minister Alexei Kudrin said that Vladimir Putin was not afraid of the presidential election in March. Putin is ready to do everything so that the election is conducted honestly. Putin stated the authorities do not intend to annul the election results to the State Duma, which took place on December 4. According to him, it's...
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