Western companies are curtailing investments in Russia, repatriating funds and talking with their banks about currency hedges to protect profits from the falling ruble and worsening growth outlook.
Russia pays hugely inflated prices for vital medical equipment made by Western companies, in part because some manufacturers channel sales through obscure intermediary companies.
Russia's dreary economic forecast shouldn't mean foregoing Christmas entirely—quite the contrary: Russians are famous for their lavish dinner parties.
Russian President Vladimir Putin has invited North Korean's Kim Jong Un to Moscow next year to mark the 70th anniversary of the Soviet defeat of Nazi Germany in World War II.
Pro-Kremlin lawmaker Ilya Kostunov said in 2012 that even the stupidest among the State Duma's 450 lawmakers is smarter than the average voter. Alternative adjectives have been proposed Ś "more extravagant" among them Ś but everyone in Russia agrees: The lawmakers here do stand out.
Arts & Ideas
Russia and Abroad
Itĺs a challenging time for German and Russian businesses, especially smaller and mid-sized companies. Some had recently localized production in Russia, making long-term commitments to the country. Large investment funds had been looking for prospects in the real estate market. Now some of these investors have put their plans on hold.
The Austrian season of culture, which took place in Russia in 2013 and 2014, gave artists from both countries an unprecedented opportunity for creative exchange and joint projects. The cooperation of institutes and artists from all areas of culture expanded far beyond the framework of particular events.
Moscow Times Guides
The 'CEO of the Year Russia 2014' awards come at just the right time. They celebrate the achievements of the best CEOs. They are a lesson in the possible, a benchmark to aspire to and something to be proud of.
If you are like most travelers, probably the only time you stayed at an airport hotel was when a flight was delayed or cancelled Ś and the hotel was the sad end of a miserable day. First you and several thousand other stranded souls milled about the airport, hoping for good news.