Friday, 18 November 2011 14:34 |
RIA Novosti / Aleksandr Utkin Russia’s second largest bank VTB is reporting a record low net income of 980.8 million roubles for the past ten months. That’s a 98% fall from last year’s net profit of 45.72 billion roubles for the same period. VTB (VneshTorgBank) didn’t comment the results directly but sources close to the bank are saying the Russian A... |
Friday, 18 November 2011 12:28 |
Russian top defense officials say it again: Russian arms are worse than their Western analogues. The latest statement on the subject was made by Nikolai Makarov, the Chief of the General Staff of the Armed Forces of Russia. This time, Mr. Makarov criticized Smerch (Tornado) multiple rocket launchers... |
Friday, 18 November 2011 12:10 |
A growing number of Russians prefer to keep their savings in currencies once considered “exotic” for Russia: the Chinese Yuan, the Swiss Franc and the British Pound. Each currency has its pros and cons. For example, the Swiss Franc is renowned for its stability but is somewhat under-represented in most banks worldwide. The British Pound is ... |
Friday, 18 November 2011 12:05 |
RIA Novosti / Vitaly Ankov The Russian government is spending $200 million this year to prop up local pharmaceutical production. Drugs produced abroad make up for 70% of the Russian market. A government list says 50 out of 57 strategically important drugs are not made in Russia. This leaves the country dependent on imports to meet the needs of ... |
Thursday, 17 November 2011 15:56 |
Russia is already calling 'foul' over Europe's energy policy even before it joins the WTO.The EU's Third Energy Package as it's called separates energy companies from owning the supply system. PM Vladimir Putin describes the EU policy as "robbery". The EU's Third Energy Package separates energy companies from owning the supply system, something... |
Thursday, 17 November 2011 15:56 |
Legal music for Russian Facebook The Russian search engine and internet company Yandex has teamed up with the social networking site Facebook to offer users the chance to share music legally online for free. But will the Yandex.Music find many ears amongst Russian listeners? Music and the internet. Oh, what a stormy relationship they have. One ... |
Thursday, 17 November 2011 12:30 |
The security advisor and the Secretary of State in the administration of the most unpopular president in US history believes that Putin's intention to run for presidency will lead to mass riots in Russia. Condoleezza Rice does not release many comments about Russia on her current position. Her recent remarks attracted a lot of attention in Russia... |
Thursday, 17 November 2011 12:05 |
Originally published in the Guardian on 17 November 1979 In 1972 a humble naval lieutenant in a financial jam sold some humble naval secrets to the Russians. The judge at his trial spoke of a "monstrous betrayal" and sentenced him to 21 years. That, amid the myriad issues of the Blunt affair, is a point of reference worth recalling. The... |
Thursday, 17 November 2011 11:05 |
Millions dollars to create Alps in the heart of Siberia.
Foto http://www.baikalresorts.com/ The Lake Baikal region wants to turn itself into the Alps of Central Asia with a billion dollar project to create a ski resort. Private equity fund EurAsia Capital Partners of Hong Kong is joining forces with Russia's Rusresorts to develop ski ... |
Wednesday, 16 November 2011 14:28 |
Russian Prime Minister Vladimir Putin begins to make everyone believe that he is going to stay in the Kremlin for a long time. It appears that Putin is certain that he is going to win the elections and then retain presidency for two terms. He also said that the European Union reminded him a hamster that stuffed its cheeks with food... |
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