Natural disasters exhaust Russian economy
Friday, 13 July 2012 09:16
The flooding in Krasnodar region caused horrible damage to the cities of Krymsk, Gelendzhik and Novorossiysk. The flooding is not the first one in the region. In October 2010, a flood caused the damage of 2.5 billion rubles. The consequences of that tragedy were less devastating with 17 people killed, 7,500 people injured, and 1,500 homes flooded...
 
Oleg Deripaska case: litigant 'had criminal links', court told
Thursday, 12 July 2012 22:52

Michael Cherney, who claims he is owed $1.2bn, is challenged over supposed friendship with Russian oligarch

Michael Cherney, the businessman suing Russian billionaire Oleg Deripaska for $1.2bn (£770m), is a criminal who regularly met with organised crime bosses and extorted millions of pounds in protection money, a courthas heard.

Deripaska, the...

 
Chess impresario hopes to bring back the Fischer v Spassky glory days
Thursday, 12 July 2012 19:30

Andrew Paulson, who has won the world championship media and marketing rights for the next 10 years, has big plans

Most things in chess need to be seen through the prism of Reykjavík 1972, when American Bobby Fischer played against Boris Spassky of the Soviet Union in a title match which gripped the world. It was front-page news for weeks, and the...

 
Should Russia take Syria's side or follow 'American democracy?'
Thursday, 12 July 2012 17:25
The conflict between the regime of Bashar al-Assad and the Syrian opposition has been developing on the "ready-to-go scenario" of the "Arab Spring." Russia has to decide again whether it is willing to play a role in this drama and on whose side. The balance of power and the outcome of events in case of non-intervention is clear on Libya's example...
 
Alexander Lebedev launches new project against Russian corruption
Wednesday, 11 July 2012 20:35

Oligarch to present Vladimir Putin with debit card, in move that comes as Kremlin tightens screw on internet dissenters

Russian oligarch Alexander Lebedev has always sung his own tune. Now the billionaire media magnate has jumped into the ring with anti-Putin activist and blogger Alexey Navalny, just as the Kremlin tightens the screws on dissenting...

 
Russia adopts stringent internet controls amid censorship concerns
Wednesday, 11 July 2012 20:33

New act will place Russia behind a 'great firewall' similar to China's, critics say

The Russian parliament on Wednesday unanimously adopted a controversial bill that boosts government control over the internet, despite a campaign warning that it will lead to widespread censorship.

The bill must now be signed by Vladimir Putin, Russia's president,...

 
Russian warships in Syria: Any guesses?
Wednesday, 11 July 2012 19:19
The departure of a large group of ships of the Russian Navy to the coast of Syria is pursuing two well-defined goals, experts believe. The first one of them is to reinforce Russia's stance on Syria with real arguments. The West believes that the mission is being carried out to cover up the delivery of arms to the troops of Bashar al-Assad...
 
Lebedev joins Russian anti-corruption fight with new debit card
Wednesday, 11 July 2012 18:01

Oligarch's bank to support crime-fighting fund set up by arch enemy of Russian president Vladimir Putin

No one knows how much money Vladimir Putin has, or how many credit cards. But if the oligarch Alexander Lebedev has his way, the powerful Russian leader will be the first holder of a brand new card designed to fight the country's notorious...

 
Diamond denies misleading the inquiry on Libor case
Wednesday, 11 July 2012 10:37
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Barclays bank former Chief Executive Bob Diamond arrives at Portcullis House to attend a Treasury select committee hearing in Westminster, London July 4, 2012 (Reuters/Luke MacGregor)

Barclay’s former head Bob Diamond has denied accusations by UK lawmakers of misleading a parliamentary inquiry over the role of the Financial Services Authority in t...

 
Market Buzz: Pessimism over global growth
Wednesday, 11 July 2012 07:53
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Traders work on the floor of the New York Stock Exchange on July 6, 2012 in New York City (Spencer Platt/Getty Images/AFP)

Russian markets are likely to open lower Wednesday amid negative sentiment on Asian and US floors.

­Russian stocks closed in the black Tuesday on positive news from Europe with energy shares among best performers. The MICEX ...

 
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