Putin Slams ‘Obsolete’ Liberal World Order in FT Interview

Russian President Vladimir Putin said in an interview published on Thursday that liberal values were obsolete because they had been rejected by the majority of the people in Western nations. Putin told the Financial Times newspaper that German Chancellor Angela Merkel had made a cardinal mistake by adopting a liberal policy towards immigration from the Middle East. “The…

Pro-Russian Rebels Agree to Release 4 Ukrainian Prisoners

Two pro-Russian separatist republics in eastern Ukraine have agreed to release four Ukrainian prisoners as a “goodwill gesture” later this week, news agencies reported Thursday. Rebels in the self-proclaimed Donetsk and Luhansk people’s republics have for the past five years been at war with government forces in eastern Ukraine. Prisoner exchanges are stipulated in an…

Moscow Police Detain Hundreds in 2 Years With Facial Recognition

Facial recognition cameras have helped police catch scores of suspects on the streets of Moscow and up to 10 criminals a month on the metro in the past two years, Russia’s Vedomosti business daily reported Thursday. Moscow claims the world’s largest network of 160,000 surveillance cameras, some equipped with facial recognition technology. Supporters of the technology say…

Andrey Guryev, PhosAgro CEO and Head of the Russian Fertilizer Producers Association, Elected Chairman of the Russia-Brazil Business Council

Moscow – Andrey Guryev, the CEO of PhosAgro and Head of the Russian Fertilizer Producers Association (RFPA), has been unanimously elected as Chairman of the Russia-Brazil Business Council. He replaces VEB.RF Deputy Chairman Sergey Vasiliev, who had headed up the Council since 2009. Established in 2004, the Council’s main objectives are the development of business…

Russian Church Plans $2Bln ‘Orthodox Vatican’

The Russian Orthodox Church has developed plans to construct its own Vatican to the tune of $2 billion in the Moscow region, the Vedomosti business daily reported on Thursday. Church officials have been in talks with officials in the city of Sergiyev Posad to transform it into the capital of Orthodoxy since 2017. Sergiyev Posad…

Russian Space Contractor Escapes Jail Time After $6.5M Fraud

The former head of a contracting firm charged with embezzling almost $6.5 million during construction of a Russian spaceport and spending money on luxury goods has received a suspended sentence and escaped jail time. The Vostochny Cosmodrome, a $3 billion project seen in Moscow as vital to secure Russia’s independent access to space, has been…

Representatives of Leading Investment Companies Visit Rosneft Production Facilities in Eastern Siberia

Representatives of leading investment companies visited production facilities of Rosneft Oil Company in Eastern Siberia. The event was attended by more than 30 analysts from global investment banks (including Bank of America Merrill Lynch, Morgan Stanley, Goldman Sachs, UBS, Credit Suisse, JP Morgan) and portfolio managers from investment funds (including Capital, HSBC Global AM, AIG…