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Today's paper. Last Updated: 05/28/2012
Articles by Ilya Khrennikov

Vekselberg's Renova Wants Money-Losing Factory

Bloomberg
Billionaire Viktor Vekselberg plans to renovate a money-losing, Soviet-era synthetic oil plant as President Dmitry Medvedev demands that the rich invest in towns left impoverished by dying industries.

State May Ease Mining Laws

Bloomberg
The natural resources ministry is being lobbied to increase the threshold for a strategic gold deposit to 200 tons.

Billionaires Bet on Golf as Crisis Ravages Fortunes

Bloomberg
Golf, snubbed by Communists as a sport for capitalists, wasn’t played in Russia until the twilight of the Soviet Union, but this year alone investors are pouring $500 million into the sport.

$4M Luxury Yacht Made for the President in Secret

The planning and interior of the only other presidential yacht, the Rossiya, were designed to the tastes of Boris Yeltsin.

Tolling Ban to Take Toll on RusAl

Russian Aluminum will lose $400 million a year and close some plants if the lucrative tolling scheme is revoked.

LUKoil Looking to Shed Tanker Fleet

LUKoil is negotiating to sell off its fleet of tankers for about $300 million, said a former manager at the oil major's subsidiary LUKoil Arctic Tanker.

Abramovich Brings Boom to North

By Ilya Khrennikov / Vedomosti
Thanks to governor Roman Abramovich the transport sector in Chukotka is booming.


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