Russia's top airlines are eyeing the specter of bankruptcy in 2015 following last year's ruble meltdown, which decimated travel spending and drastically upped the costs of maintaining carriers' fleets.
As fire rained down on Ukraine's east over the weekend, Russian, Ukrainian, and Western leaders demonstrated a readiness to raise the stakes in a conflict that has already claimed more than 5,000 lives.
The founder of an online support group for LGBT teenagers, has been fined 50,000 rubles ($780) for violating Russia's controversial law against the "propaganda of nontraditional sexual relations among minors."
Russia is set to participate Monday in its first session at the Parliamentary Assembly of the Council of Europe (PACE) since it was stripped of its voting rights last year in connection with the Russian annexation of Crimea.
Pro-Kremlin broadcaster RT and news agency Rossiya Segodnya will have to slash spending by 50 percent or more and likely give up on expansion plans due to the ruble's steep devaluation.
Russia and Abroad
Itĺs a challenging time for German and Russian businesses, especially smaller and mid-sized companies.
Moscow Times Guides
Premium-class hotels, restaurants, nightlife, spas, fitness, and city festivals — this new issue of the Lifestyle Guide proudly presents the best spots in Moscow in 2015.
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.