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Q&A: Head of Boehringer Ingelheim Says Kiev Stint Prepared Him For Russia

The Carpathian Mountains and the Atlantic Ocean have excited admiration for nature in Ivan Blanarik.

Arctic Oil Rig Raided by Greenpeace Ships First Oil

Gazprom on Friday shipped the first oil from the country's only offshore Arctic field in operation to Europe, marking the latest step in the development...

Putin Frets About U.S. Meddling In Gas Trade

President Vladimir Putin has upbraided the U.S. for speaking out about Russia's gas trade with Ukraine and the rest of Europe.

State-Owned Giants Team Up to Set Up Drugmaker

A plant to produce vaccines is opening next week thanks to support from the state-owned giants of the domestic economy: the development bank VEB...

Yakunin Seethes Over Russian Railway Losses

Russian Railways' monopoly has suffered a loss in the first quarter because of the government's decision to freeze freight rates, company chief Vladimir...

First Russian Coal Heads to North Korean Port

Russian Railways has put to use the North Korean port it helped to upgrade recently.

Billionaire Mikhail Prokhorov Ditches Yo-Mobile Hybrid Car Idea

Billionaire Mikhail Prokhorov has pulled out of a plan to build a hybrid car, whose test model he showed off to President Vladimir Putin, as the weakening...

Coal Companies Pivot East in Struggle Against Cheap U.S. Exports

The nation's coal mining companies suffered major losses last year as cheap U.S coal exports drove down prices.

Rosneft Chief Trots the Globe Amid Sanctions

State-controlled oil giant Rosneft has launched a charm offensive amid the government's standoff with the West.

Minister Hatches Plan to Protect Economy

Economic Development Minister Alexei Ulyukayev has admitted that private investment in the country has stalled in the wake of Russia's absorption of Crimea...

Pfizer Touts Local Partnership

Pfizer’s collaboration with a local pharmaceutical company could help it win a lucrative government contract.

Kremlin Unfazed by Loss of G8 Membership

Russian authorities on Tuesday appeared unmoved by the announcement that leading industrial nations put Russia's membership in the Group of Eight on hold...

Cabinet Outlines Costs of Crimea

The costly consequences of expanding Russia's territory became clearer Monday when Prime Minister Dmitry Medvedev revealed a Crimea to-do list for the...

U.S. Sanctions Spread Through Billionaires' Business Empires

The latest U.S. sanctions against Russia have even hurt companies that Washington did not formally blacklist. Although the sanctions officially target...

Putin Putting the Screws to Offshores

President Vladimir Putin on Thursday demanded that Russian business leaders register their companies onshore, rather than in foreign tax havens.

Putin, Showing Resolve, Signs Crimean Treaty

President Vladimir Putin on Tuesday signed a treaty to add Ukraine's breakaway region of Crimea to Russia, expanding the country for the first time...

Fourth Moscow Airport Taking Shape

A new airport backed by powerful state corporation Rostec is set to emerge near Moscow to relieve existing giants like Sheremetyevo and Domodedovo.

Pipe Baron Komarov Arrested for Bribery

Police and security officers have detained one of the country's wealthiest people, Andrei Komarov, the majority owner of ChelPipe, on suspicion of attempting...

Western Aid to Ukraine Could Wind Up in Russian Coffers

The $40 billion discount on Russian gas purchases the Yanukovych government agreed with Moscow is likely to vaporize if Crimea secedes from Ukraine...

Who Does Putin Want as Ukrainian President?

In May, Ukraine will elect a president, whose history with Russia and perception by the Kremlin could advance or delay the cooling of relations with...

Investors Unfazed by Ukraine Conflict

The country's ongoing standoff with the West over Ukraine appeared to raise few jitters among the attendants of a Tuesday meeting where the government...

Ukraine Crisis Nets Billions of Dollars for Kremlin

A cheaper ruble and more expensive oil could actually go a long way in improving Russia's economy, possibly offsetting other potential aftershocks...

Politics or Revenge? Billionaire Gleb Fetisov is Arrested

A Moscow court has arrested billionaire political leader Gleb Fetisov, weeks after he ramped up his political ambitions by partnering up with prominent...

Q&A: Farming Pioneer Babayev Milks at 520 Cows Per Hour

Naum Babayev remembers when canned meat was more sought after than money. During the financial convulsion of 1998, Babayev realized that food was a good...

Sochi Real Estate Boom Unlikely After Olympics

As the glow and attention of the Olympic Games begins to fade, will the revamped Black Sea resort be able to find buyers for its apartments?

Putin Takes Break From Olympics to Press Ministers Over Economy

President Vladimir Putin on Wednesday held another meeting with Cabinet ministers to discuss the faltering economy, the latest ritual that might further...

Winners and Losers in Russia's Shrinking Car Market (Video)

Renault Russia sales chief Sergei Kuteishchikov had to shave his head last month, having lost what seemed a sure bet. He gambled that in 2013's declining...

Q&A: Horses, History Bind AmCham Chief to Russia (Video)

A descendant of tsarist Russia's highest elected official, U.S.-born banker Alexis Rodzianko began speaking Russian before English. His mastery of Russian...

Some Government Agencies Could Move East

The Cabinet is mulling further tax breaks for the Far East and moving some government agencies to the remote region in another bid to inject more...

Chubais Unveils New-Look Rusnano

Anatoly Chubais, known in the West as the driver of post-Soviet privatization, is counting on his reputation and corporate savvy to attract external...

Billionaire Quits Business to Better Fight Kremlin

The only billionaire in the country at the head of a political party, Gleb Fetisov, has sold out of all his assets, showing his resolve to jostle...

AvtoVAZ Cutting Staff, Offering Severance Packages

AvtoVAZ, the country's largest carmaker, is about to lay off some of its workers, following a slump in sales last year and gloomy forecasts for the...

Business Unimpressed by Khodorkovsky Release

Some long-term investors even see the swift release of the former Yukos owner as a stark example of the over concentration of power.

Davos Highlights Success of Russian Regions

A report on Russian regions at the World Economic Forum in Davos on Wednesday will call on the country's policy makers to attempt four key improvements...

Ruble Expected to Stand its Ground, for Now

In a country like Russia, where a fair share of consumer goods come from abroad, the government's efforts to move to a more flexible exchange rate...

Q&A: Romanoff Descendant Getting to Know Russia

Grand Duke George Romanoff is likely the first member of the Romanov dynasty of Russian monarchs to work at a major Russian company.

Putin's Confidence Brings Freedom for Khodorkovsky

The opposition's lackluster performance in recent regional elections has likely contributed to President Vladimir Putin's stunning decision to pardon...

Putin to End Khodorkovsky's 'Infinite' Imprisonment

President Vladimir Putin's surprise announcement on Thursday that he was going to end jailed Yukos CEO Mikhail Khodorkovsky's time in prison with a pardon...

Gazprom 2014 Budget Down 22% to $24Bln

Gazprom, the country's largest company, has slashed its spending plan for next year by 22 percent in comparison to this year. 

Construction of New Pipeline from North Siberia to China Kicks Off

Construction of a major pipeline kicked off Tuesday in an effort that will likely bring more oil from Siberia to China. Governor Lev Kuznetsov made...

Kremlin Preparing Substantial Welcome for Yanukovych on Tuesday

The Kremlin on Monday announced that it was offering a raft of substantial deals, including a loan, for Ukraine, whose President Viktor Yanukovych...

Putin Stays Firm on Fulfilling Promises

President Vladimir Putin on Thursday said the government would have to improve the country's economic performance in order to fulfill his campaign...

RDIF Prods Regions For Investment Opportunities

Sitting on a colossal pile of money, the country's key vehicle for bringing in foreign investment on Monday prodded regional authorities to come...

Economic Logic Pushed Ukraine to Russia

For Ukraine's Prime Minister Mykola Azarov, it was not pressure from Russia that provoked Ukraine's flip-flop on the association deal with the European...

Ukraine Offers New Deadline for EU Deal

Ukraine's Prime Minister Mykola Azarov on Tuesday raised the prospect of signing a free-trade deal with the European Union next spring.

Outcry Prompts Putin Compromise Offer on Tax Investigation Bill

President Vladimir Putin on Monday proposed a measure aimed at mollifying a business community alarmed by a recent Kremlin-sponsored tax crime bill...

Russia's First Private Satellite Maker Readies for Lift-Off

Dumping his stakes Russian retailers selling domestic appliances and DIY hardware, Mikhail Kokorich founded the first private satellite manufacturer...

Ukraine Dumps EU in Favor of Russia

Ukraine on Thursday suspended its course toward closer ties with the European Union in a major victory for Russia.

State Spending to Buoy Sales of Cheaper Drugs

Czech firm Zentiva's drug to treat high blood pressure took just three months on the Russian market to outsell rival medication made by U.S.-based...

Business Council Meeting Sees Two New Partnerships

Russian government officials, led by two deputy ministers, met with U.S. business representatives and lobbyists for a two-day conference in Houston...

Chechen Resort Becomes Special Economic Zone

Businessman Ruslan Baisarov's effort to build a ski resort in Chechnya, a region that is trying to bring life back to normal after two separatist wars...

Q&A: Billionaire Fetisov Believes Russia's Future Is Green

The fine chairs in billionaire Gleb Fetisov's office all feature green leather upholstery. It is no wonder: Fetisov is chairman of Green Alliance-People's...

Gazprom Completes First Solo Offshore Project

Gazprom has started to operate the first offshore field that it has developed on its own, in a test of its power to perform the challenging task without...

3M Joins Local R&D Club

U.S. industrial conglomerate 3M on Wednesday talked up its decision to join a small club of international firms that do research and development in the...

In China, Medvedev Seals Deals and Praises Weightlifting

Prime Minister Dmitry Medvedev on Tuesday called for greater direct investment between Russia and China, on a visit to Beijing that resulted mostly in...

World Economic Forum Gathers Leaders to Reignite Russia's Economy

Business and political leaders will sit down in a Moscow hotel this weekend to draft a report aimed at plotting a way forward for Russia's sputtering economy...

Siluanov Shrugs Off Possible U.S. Default

The U.S. Senate cut a temporary deal to raise the country's debt ceiling Wednesday, possibly sparing the global economic system the consequences of a government...

New Space Agency Head to Oversee Industry Reform

Prime Minister Dmitry Medvedev has appointed a former deputy defense minister to head the Federal Space Agency in a move that is part of a broader revamp...

Shuvalov Criticizes 'Low' State Salaries

First Deputy Prime Minister Igor Shuvalov on Tuesday griped about proposed raises in government salaries, describing them as insufficient, adding to the...

Law to Open Floodgates to Foreign Oil Companies

A law just out of the Kremlin is raising the specter of a new era in the development of the country's offshore oil and gas riches by streamlining...

WEF Gives Russian Human Capital Mediocre Grade

The quality of education in the country received low scores from business executives, contributing to Russia's middling rank in the latest study of human...

Cabinet Reviews Detailed Plans on Supporting Small Entrepreneurs

The Cabinet has discussed moves to back small and medium-sized businesses with greater access to loans and state contracts as a way to spur the flagging...

Economic Zone for Aviation Takes Off

Despite an economic slowdown, the government is going ahead with spending on the construction of the only special economic zone in the country that...

Prokhovorov Sees Land Reform as Economic Engine

Billionaire turned political leader Mikhail Prokhorov has proposed to streamline the rules for land ownership, saying it could give momentum to the...

Medvedev Bets on Private Business in Hard Economic Times

Prime Minister Dmitry Medvedev warned Friday that the economy had fallen on hard times and identified the private sector as the engine for future growth...

Q&A: Stefan Drr Rises From Pig Insemination to Big Farming Business

In part, it was thanks to Stefan Dürr that Russia trod so cautiously for so long on the issue of private ownership of its farmland.

U.S Truck Maker Looks to Expand Sales in Russia

U.S.-based company International Trucks is resuming sales of its brand new commercial vehicles in Russia despite a lull in demand on the Russian market...

Abu Dhabi Commits Record $5Bln to Russian Infrastructure

Another Arab investor on Thursday tentatively agreed to set foot in Russia, setting a record with its possible commitment of $5 billion.

New Far East Minister Named

President Vladimir Putin on Thursday appointed business lobbyist Alexander Galushka as Far East Development Minister, completing the staff changes meant...

Artemyev Mulls Tapping Gasoline Reserves

The government could tap its fuel reserves to tame the recent surge in wholesale gasoline prices, Federal Anti-Monopoly Service chief Igor Artemyev...

Novatek Pushed to Share State's Burden

Novatek is facing additional spending as an apparent return favor to the government, which is promising to allow the company access to lucrative foreign...

Q&A: Cold Water Builds Warm Relations for Nick Vince

It is probably safe to say that very few expat top executives subject their bodies to the bone-chilling custom of dipping in ice holes. Nick Vince...

Gazprom, CNPC Agree on Gas Supply Terms

Gazprom and China National Petroleum Corporation (CNPC) on Thursday agreed on some key terms of supplying gas to China along the so-called eastern...

Kia Ready to Take Advantage of Expected Demand

Kia Motors could invest in making more cars in Russia, where it is the third best selling brand, if the market rebounds and shoots past the 3-million...

Sechin Accuses Foreign Firms of Plotting Against Russia

The chief of the world's biggest oil producer, Rosneft, has floated a theory suggesting that foreign companies could conspire to outplay their Russian...

Ukraine to Seek Free Trade With EU Despite Russian Pressure

Ukrainian Prime Minister Mykola Azarov on Wednesday signaled that his country would not back out of its push toward free trade with the European Union...

Government Plans $7Bln Port on Black Sea Coast

As officials scowl at the cargo that goes out through foreign harbors, the government is making headway on a plan to build a $7 billion port on the...

Airlines to Consider Evacuating Tourists from Egypt

The Federal Aviation Agency has ordered airlines to make contingency plans for evacuating Russian tourists from Egypt as violent clashes between the country's...

Q&A: Chrysler's New Russia Chief Puts Down Roots

MOSCOW RACEWAY, Moscow Region — Whenever Giorgio Gorelli gets a posting to another country, he takes advantage of advice that he received as a rookie...

Siemens Poised For Soccer Spending Floodgates to Open

Kaliningrad and Rostov-on-Don have spurted into the lead as the cities with the most advanced plans to prepare for the soccer World Cup in 2018...

Eurocement Builds Plant to Battle Iranian Imports

Eurocement, the country's largest producer of the building material, has set out on an offensive against competing supplies from Turkey and Iran.

Ford Switches Focus as Demand Falls

Ford is reducing output of compact cars and laying off staff at one of its Russian plants, but will produce more sport utility vehicles (SUVs) and minivans...

Megafon Strikes $1.2Bln Deal to Take Over Wireless

Mobile phone operator Megafon has decided to buy a high-speed Internet provider for $1.2 billion in a bid to cement its lead in the expanding wireless...

Gref Pledges to Rein in Exorbitant Loan Rates

State-owned Sberbank said Monday that it was looking to come to the rescue of customers that fell prey to exorbitant loan rates elsewhere, in a boon...

Q&A: Frenchman von Polier Betting on Russian Pride

An avid traveler who once took a wild trip to the civil war-ravaged Afghanistan talks about his life.

State Loan Subsidies to Soften the Fall of the Car Market

New state loan subsidies could help automakers sell at least 80,000 more cars this year, consultant PricewaterhouseCoopers said Tuesday in the first...

New Bill to Ease Rules for Foreign IT Pros

The government is mulling legislation that would open the door wider for foreign IT specialists that seek a job in the country.

U.S. Firm in Talks on Buying Kuznetsov Rockets

The U.S. company that relies on phased-out Soviet engines for its $1.9 billion contract with NASA is looking to use their updated version.

John Deere Seeks Policy Tweaks, but Keeps on Investing

Toeing the official line on the state's efforts to localize manufacturing has helped John Deere's agricultural equipment business improve logistics...

China to Make Cars in Belarus

Chinese automaker Geely agreed to set up a joint venture in Belarus to assemble its cars, with an eye to eventually export some of the output to Russia...

Putin Angered by Lack of Far East Progress

President Vladimir Putin on Tuesday again said the Cabinet was slacking off. He blamed ministers for getting behind schedule in executing measures...

GAZ Starts Local Mercedes Van Assembly

Billionaire Oleg Deripaska's automobile company Monday began assembling Mercedes-Benz vans, the latest arrival to the club of locally made foreign...

British Designer Set to 'Emotionalize' Lada Brand

AvtoVAZ's first resident foreign design director, Steve Mattin, said the car giant needed to follow the lead of Volvo and Kia in wrenching the Lada...

Priest and Cossacks Kick Off German Chemical Mixing in Lipetsk

Germany automotive supply-chain company Lanxess opened a plant here Thursday in another score for the government's efforts to develop special economic...

Singapore Professionals Prepare Sochi Airport

A squad of managers from Singapore is bringing about changes, like increasing the stock of luggage carts, at the airport that will handle throngs...

Proton-M Rocket Breaks up After 17 Seconds (Video)

A rocket fell apart and hit the ground seconds after lift-off on Tuesday in the latest setback for the Russian space industry.

Global Gas Exporters Find Common Language in the Kremlin

President Vladimir Putin on Monday urged gas-exporting countries to step up joint efforts to deal with challenges that originated in the United States...

A Rough Ride is Good Medicine for Recovering Veterans

On a plot of land just outside Moscow, her Majesty's Lance Corporal Scott Brown put himself in the driver's seat again.

Cabinet Scales Back Privatization Plan

The government on Thursday further rolled back its plans to sell state assets.

Fortov Seeks to Convert Discoveries Into Cash

A plasma physicist and a former minister, Fortov emphasizes a greater focus on commercial application for scientific research.