The red area in Moscow

Ukrainian President Viktor Yanukovych said...

Ukrainian President Viktor Yanukovych said on Tuesday he intended to discuss gas issues with the Russian leadership during his upcoming visit to Moscow.

MOSCOW, November 15 (RIA Novosti) - Forming...

MOSCOW, November 15 (RIA Novosti) - Forming a state monopoly to produce and sell alcohol could provoke a rise in bootlegging of spirits, Russia's Finance Ministry said on Thursday.

MOSCOW, October 18 (RIA Novosti) - Russia"s...

MOSCOW, October 18 (RIA Novosti) - Russia"s United Aircraft Corporation (UAC) said on Thursday it intended to hold an initial public offering on Russian bourses in late 2009 and early 2010 to the sum of $1-1.5 billion. The UAC was established earlier this year to help overcome the crisis in Russia"s aircraft industry, and incorporates many of the country"s best-known aircraft builders, including Mikoyan, Ilyushin, Irkut, Sukhoi, Tupolev, Yakovlev and other enterprises in the industry. A UAC official also said the corporation would float newly issued shares representing 10-15% of its charter capital by closed subscription in 2008, adding that Russia"s government-controlled foreign economic bank Vnesheconombank could participate in the offer. The UAC, which is 90% state owned, incorporates aircraft building companies and state assets engaged in the manufacture, design and sale of military, non-military, transport and unmanned aircraft in a bid to streamline the Russian aviation industry. The UAC official also said the company would borrow about 120 billion rubles (about $4.8 billion) by 2012.