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Legendary Russian filmmaker is dead
Thursday, 29 September 2011 21:52

On September 29, legendary Russian film director Tatyana Lioznova died in Moscow at the age of 88.

Lioznova is known, first of all, as the maker of the first Soviet series, titled “Seventeen Moments of Spring”. 

The plot is set in the last days of WWII, and the main character is a high-ranking official in Nazi Germany, who really is Russian and...

 
India to equip vessels with screaming cannon
Thursday, 29 September 2011 21:51

India’s naval forces, which are participating in combating piracy in the Gulf of Aden and the Arabian Sea, will equip their ships with special "screaming cannon."

The long-range acoustic devices are capable of delivering powerful sonic booms, as well as shouting threats and warnings in several languages​​. This "non-lethal weapon" is capable of cru...

 
Russian 'spy' deportation hearing: concern at former MI5 chief's role
Thursday, 29 September 2011 21:49

Lawyers for Katia Zatuliveter say Sir Stephen Lander, appointed to the Siac panel, is a 'cheerleader' for the security services

A former head of MI5, Sir Stephen Lander, will hear secret court proceedings to decide whether Katia Zatuliveter, a Russian alleged to have been recruited as a spy, should be deported, it was agreed tonight.

Lawyers for the...

 
Alternative Hair Show: Wigging out in Moscow
Thursday, 29 September 2011 16:50

Forget fringes or curls, at the Alternative Hair Show in Moscow you are more likely to see innovative uses of clingfilm

Rachel Holmes

...

 
Rusal completes $9.33 billion debt refinancing
Thursday, 29 September 2011 15:39

Rusal has signed off on agreement with major lenders on $9.33 billion worth of debt refinancing.

­The company signed an amendment to a previous $4.58 billion loan agreement with Sberbank ending a Vnesheconombank guarantee, and extending maturity until September 2016.  It has also negotiated the extension of a 2009 loan facility with 13 Russian and i...

 
Rouble outlook has to balance deteriorating global outlook with crude prices
Thursday, 29 September 2011 15:13
Read more...

(RIA Novosti / Maksim Bogodvid)

Despite a rouble slump in late august key policymakers say the Russian currency is not expected to devalue significantly in the coming months despite an estimated $30 billion in corporate debt to be refinanced.

­Deputy Economic Development Minister, Andrei Klepach, told journalists this week that the rouble slump ...

 
Rusnano commits to anti-cancer joint venture
Thursday, 29 September 2011 14:48
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Rusnano invset in anti-cancer medicine

Rusnano and the American biotechnology firm Cleveland BioLabs, have agreed to finance the development of innovative anti-cancer and anti-infection medicines and the creation of a joint venture, Panacela.

­Under the agreement, Rusnano is to invest up to $26 million over the next four years into the new company ...

 
VTB secures Bank of Moscow bailout, taking stake to 81%
Thursday, 29 September 2011 14:34
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VTB increases its stake in Bank of Moscow to 81%

VTB has increased its stake in the Bank of Moscow to 80.52%, complying with a requirement that it increase its stake to more than 75% in order to secure a bailout.

Valery Miroshnikov, deputy generaldirector of theDeposit InsuranceAgency (DIA), told reporters that VTB had increased its...

 
Raspadskaya posts 1H 2011 net profit of $99 million as mine returns to production
Thursday, 29 September 2011 14:21
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Raspadskaya posts 1H 2011 net profit of $99 million under IFRS

Russian coal producer, Raspadskaya, has posted a 1H 2011 net profit of $99 million under IFRS.

­The net result is down 57% year on year from the 1H 2010 net profit of $229 million, with 1H EBITDA falling 31% year on year to $180 million, as 1H revenues eased 19% year on year to $377 ...

 
Russia's gigantic Typhoon submarines to be scrapped
Thursday, 29 September 2011 13:03
The world's largest ballistic missile submarines of Project 941 Akula (Shark), known as Typhoon, will be decommissioned before 2014 and used for scrap metal. All three operating submarines of the project - Arkhangelsk, Severstal and Dmitry Donskoi - will thus be destroyed. It became impossible for Russia to use the submarines...
 
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