Putin’s Spending Boost Won’t Be Enough To Lift Russians Out of Poverty, Audit Chamber Warns

President Vladimir Putin’s new package of social spending initiatives will not be enough to hit the country’s ambitious poverty-reduction targets, a government watchdog has said. In its assessment of the government’s spending plans for the next few years, the Audit Chamber said the package of new measures, such as higher allowances for new mothers to…

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New Research Projects Receives Support from Vostsibneftegaz

East Siberian Oil and Gas Company (Vostsibneftegaz), Rosneft’s subsidiary, started new grant scheme for the realization of the most important scientific projects in the Krasnoyarsk Region.

Russia’s Yandex.Taxi Admits to Sharing Riders’ Location With Police

Russian tech giant Yandex’s taxi service shares passengers’ ride history with law enforcement authorities, according to the testimony of an ex-policeman on trial for wrongfully detaining an investigative journalist. Igor Lyakhovets was among the several police officers who had arrested journalist Ivan Golunov on drug charges in June 2019. An unprecedented public outcry led to…

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Severstal discloses 2020 evirometal ivestmet pla

March 3, 2020 PAO Severstal, one of the world’s leading vertically integrated steel and steel-related mining companies, announces its plans to invest plan approximately 1.1 billion roubles in environmental projects in 2020. The investment will cover a full environmental refurbishment programme at Severstal’s main assets to further reduce the Group’s environmental impact. 671 million roubles…

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Latvia Arrests Spy Working for Russia

Latvia said Monday a citizen thought to be working for Russia has been arrested for trying to recruit a secret service officer to spy for Moscow. “The agent… contacted the Latvian officer to try to recruit him into handing over classified material that could then be used by Russia’s secret services against Latvia but the agent has been…

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Litany of Blunders: Treatment of Coronavirus Patient Highlights Russia’s Shortcomings

A Russian national who is quarantined in a Moscow hospital after recently returning from northern Italy, a hub for the coronavirus outbreak, has the coronavirus, the state-run RIA Novosti reported. The man is the first known Russian national to test positive for coronavirus while in the country. The patient, 29-year-old Moscow resident David Berov, traveled…

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Russian Olympic Figure Skating Champion Sotnikova Retires

Russian Olympic figure skating champion Adelina Sotnikova has announced her retirement over health concerns, the state-run TASS news agency reported Monday. Sotnikova clinched Russia’s first-ever ladies singles gold at the Sochi Games at the age of 17 in 2014. The 23-year-old hasn’t competed since the 2015 Russian Championships. “I’m done with professional sport… because I…

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Russian, Turkish Foreign Ministers Discuss Improving Working Relations

Russian Foreign Minister Sergei Lavrov and his Turkish counterpart Mevlut Chavushoglu agreed on the need to create a “favorable atmosphere” to improve working relations between their countries, the Russian foreign ministry said on Sunday. “The ministers have declared in favour of the adoption of measures to create a favourable atmosphere that will facilitate the effectiveness of…

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Fires Blaze Across Russia for Maslenitsa

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world. Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from…

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Russia Opens Fairy-Tale Theme Park

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world. Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from…

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Gazprom stepping up cost optimization measures for Group’s companies

Release February 28, 2020, 18:10 Cost reduction is ensured in planning Gazprom’s budget for 2020. Budget preparation and implementation procedures continue to be enhanced in the Group’s companies. Management of the Group’s financial resources has been consistently improved. The Gazprom Board of Directors took note of the information about the Gazprom Group’s cost optimization (reduction) efforts in 2019 and its priorities in this area for 2020. Gazprom is taking…

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Board of Directors reviews ongoing implementation of digital technologies within Gazprom

Release February 28, 2020, 18:05 The Gazprom Board of Directors took note of the information about the ongoing implementation of advanced digital technologies within the Gazprom Group. It was highlighted at the Board Meeting that the use of digital technologies within Gazprom is aimed at further improving the flexibility and effectiveness of the Company’s corporate governance and contributes to achieving its strategic goals. Work continues on the integration…

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Putin’s Daughter Heads Elite University’s New AI Institute – Vedomosti

President Vladimir Putin’s alleged daughter will head a prestigious Moscow university’s artificial intelligence institute slated to open later in 2020, the Vedomosti business daily reported Friday. Katerina Tikhonova, 33, who is widely believed to be Putin’s younger daughter, runs the Innopraktika foundation near Moscow State University (MSU). Founded in 2012, Innopraktika is a conglomerate of…

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