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More than a year ago, the U.N. dropped the Russian air transport company Vertikal-T from its approved list of vendors after a fatal helicopter crash in Nepal.
Outside Moscow's sprawling Cherkizovsky market, tensions are rising almost as quickly as the sweltering summer heat.
Michelle Obama brings her superstar glamour to Moscow this weekend as she accompanies her husband on his summit with the Russian president.
Russia is using its energy wealth to shore up influence abroad, pouring billions of dollars in loans and grants into former Soviet states and long-standing allies — even as it faces its own severe economic downturn.
Nearly two decades after the Soviet collapse set Russia's roulette wheels spinning again, Prime Minister Vladimir Putin is calling in the chips on the gambling industry — a symbol of the glitz and excess of Russia's oil-fueled boom.
One of the glitziest symbols of cash-splashing Russians vanished from Russia's cityscapes Wednesday as a law banning casinos, slot-machine parlors and betting halls outside four remote regions of the country came into effect.
Jailed former oil tycoon Mikhail Khodorkovsky accused the state on Wednesday of singling him out for punishment and obstructing efforts to prove his innocence.
A top Kremlin adviser said Thursday that Russia should use the economic crisis to put its relations with the West back on a good footing and moderate its tone on foreign policy.
Russia and China signed a $25 billion energy deal in Beijing on Tuesday that will see the Asian country secure oil supplies from Moscow for the next 20 years in return for loans, Russia's state pipeline monopoly Transneft said.
Russia's super-rich are also super-losers in the financial crisis, according to the business magazine Finans, which said Monday the top 10 wealthiest Russians lost about two-thirds of their fortunes over the past year.
In the confrontation between Russia and Ukraine over natural gas shipments to Europe, the grand prize may yet be control of Ukraine's sprawling pipeline network, Moscow's main conduit for pumping the fuel to its most lucrative markets.
Gazprom, which just a year ago was vowing to become the world's biggest company, is sinking fast as the global meltdown hits hard and the Kremlin uses it as a pawn in its geopolitical battles — most recently in the gas dispute with Ukraine.
Prime Minister Vladimir Putin on Friday urged Russians to shun imported foreign cars in favor of locally produced ones — which the government even offered to help ship to remote regions — in an effort to help a troubled auto industry.
The ruble dropped further on Monday as the Central Bank again eased its support of the Russian currency, under constant pressure from plunging oil prices and economic woes.
Russia would come under crippling financial pressure and may need to raise money externally if oil languishes at an average of $30 a barrel over the next two years, the World Bank predicted Friday.
The Russian government will bail out the country's largest enterprises if necessary to help them through the financial crisis, the finance minister Alexei Kudrin said Monday.
As OPEC ministers gather in Algeria this week, attention has turned to Russia and whether the world's second-largest energy producer has the willingness, or the ability, to help the cartel stop tumbling prices.
A top Russian economic official said Friday that the country is in a recession. Not so fast, the Kremlin quickly countered.
Cowed by what she called a growing campaign of intimidation, equity analyst Yekaterina Krylova finally quit her job. In submitting her "voluntary" resignation, she waived her right to any compensation — and that saved her employer a hefty payout.
Shares in Russia-focused Sibir Energy plunged 60 percent in London on Wednesday after the oil company said it would buy most of shareholder Shalva Chigirinsky's remaining property assets in a $340 million rescue deal.
Russians know better than most what a crisis feels like. They survived the breakup of the Soviet Union and the ensuing shortages, and they lived through the devastating financial collapse of 1998.
Rival billionaire shareholders in Norilsk Nickel, Russia's largest miner, ended a damaging seven-month feud on Tuesday, agreeing to resolve issues over control and delay talks of a merger of the company with aluminum giant Rusal.
As Russian winter approaches, there are fears Moscow's much-vaunted electricity reform — aimed at heading off looming power shortages — will fall victim to the country's economic crisis.
Russian mining company Norilsk Nickel, the world's largest nickel and palladium producer, may temporarily close down some of its overseas units amid a global slowdown for commodities, the chief executive said Thursday.
A Siberian appeal court is scheduled Tuesday to consider a ruling that could lead to the temporary seizure of Norwegian Telenor's ownership in Vimpelcom, Russia's second largest mobile phone company.
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