The Moscow Times

Monaco-based potash tycoon Dmitry Rybolovlyev has bought the priciest piece of residential real estate in New York City, paying $88 million for a Manhattan penthouse.

State-run power generator and exporter Inter RAO UES could buy “more than one” plant from RWE to expand into Europe as the German utility sells assets to weather a withdrawal from nuclear energy.

More than 2,000 new "environmentally friendly" buses will be employed on the streets of Moscow in the near future.

Norway's Telenor wrestled back partial control of telecoms firm VimpelCom from Mikhail Fridman's Alfa Group in a move that gives it more say over strategy and could prolong a long-running corporate battle.

Russia's industrial output rose more quickly than expected in January, data showed, in a positive sign that its economy is still showing respectable growth despite strains in the global economy.

Political instability is likely to continue after the March presidential election and growth will slow in the second half of the year.

Russia will issue 100 million carbon certificates worth 500 million euros ($650 million) in 2012, a Sberbank executive said in an interview.

Europe's fragmented gas market is unable to respond to sudden shocks like this month's extreme cold that caused demand to surge, the export chief of Gazprom said, adding that the EU should give it better access to pipeline infrastructure.

The parching heat wave of 2010 did a tremendous favor to Germany's Metro Cash & Carry, just as Jeroen de Groot was coming on board to lead the company's Russian operation.

The World Wide Web Consortium, or W3C, which helps set standards for how the Internet develops, opened an office at the Higher School of Economics on Thursday.

"I'm probably not going to move back for a couple of decades," said Yekaterina Paramonova, a third-year undergraduate majoring in nuclear science and engineering at the Massachusetts Institute of Technology, echoing the sentiment of many Russians who have tasted life outside the motherland.

Environmental considerations could become central to the government's decision-making process under a new policy approved by the Cabinet on Thursday.