News Source: Times Online
| 2 months ago
Their inheritances have taken a bashing along with their fathers’ businesses in Russia’s financial crisis. The latest ranking shows the wealth of Russia’s richest children — the offspring of the country’s super-rich oligarchs — has shrunk...
News Source: St Petersburg Times
| 2 months ago
Putin has ruled Russia with a steady hand, defeating a militant Chechen insurgency, bringing baron-governors to heel, gradually rebuilding the functioning state and restoring the people's confidence in the country and its future. Putin returned...
News Source: The Guardian
| 2 months ago
The stark social cost of Russia 's economic crisis was exposed today when new statistics revealed a 30% increase in the number of people living in poverty . According to Russia's state committee on statistics, the figure for Russians living below the...
News Source: New Europe
| 2 months ago
Russia's economy shrank more than 10 percent in the first half of 2009 as lending by state banks failed to offset the contraction in loan portfolios at private institutions. Vyugin said more such mergers are unlikely in the near term, because of the...
News Source: New Europe
| 2 months ago
Two weeks ago, Russia funds reported outflows of USD four million, practically no more than a rounding error, Chris Weafer, chief strategist at Moscow's Uralsib bank, wrote in a note to investors on August 24. There was, however, a big exodus from...
News Source: BBC
| 2 months ago
If you look up the word "oligarch" in the dictionary, you will find it means a member of a small group holding power in a state. Today, though, it usually refers to the super-rich Russians who made their fortunes in the sometimes barbaric business...