Facebook to Open Russian Office

Social-networking site Facebook is in talks on cooperation...

Facebook to Open Russian Office

Source: Moscow Times

Rostelecom's H1 Net Profit Increase Four Fold, Sales Dip

Russia's former long-distance monopoly Rostelecom saw its first-half earnings quadruple on the sale of it stake in a fixed-line provider...

Read more Rostelecom's H1 Net Profit Increase Four Fold, Sales Dip

Source: Reuters

Russia: Evraz Group Seeks $1.8 Bln State Loan

Russian steel maker Evraz Group has requested a $1.8 billion loan from state bank VEB to refinance debt incurred to acquire Canadian steel pipe maker IPSCO, Vedomosti business daily reported on Tuesday...

Read more Russia: Evraz Group Seeks $1.8 bln State Loan

Source: Reuters

Appeals Court Threatens Stake in Vimpelcom

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...

Read more Appeals Court Threatens Stake in Vimpelcom

Source: Associated Press