The medicine to cure bad loans needs to be taken quickly, but not so quickly as to kill the patient — the bank system.

Industrial production expanded at a slower pace in February, led by manufacturers of steel pipes and rail freight containers, the State Statistics Service said Wednesday.

It seems that a major Saudi weapons purchase from Russia is highly likely. The only thing in doubt is the timing of the deal.

Tens of thousands of Muscovites are expected for the capital’s 18th annual St. Patrick’s Day Parade on Sunday.

Russia seeks 10 percent of the global trade in carbon credits within three to five years of holding its first tender under a United Nations program to reduce greenhouse-gas emissions.

We are probably seeing the start of a new “thaw,” and that is the best news we have had as spring begins to blossom.

Many believe that Moscow should have copied China’s reforms. But what made China’s reforms a success was inapplicable to Russia.

Extortion by corrupt officials in Russia has gotten so bad that some Western multinationals are considering pulling out altogether, the head of a U.S. anti-bribery group said in an interview.

Forbes has released its global billionaires list, which has steel magnate Vladimir Lisin ranked as the world's 32nd richest person with $15.8 billion.

Some construction workers complain that they are going hungry after pawning their documents and valuables to get food at grocery stores, while sympathetic locals have organized a soup kitchen.

In a rare interview, the editor of Russia Today explains that the growing channel thrives on controversy as its provides an alternative to mainstream media, and polishing Moscow's reputation is not one of its tasks.

The "black box" from a LUKoil executive's Mercedes involved in a fatal crash last month will be sent to Germany for analysis, a source close to the carmaker's Russian office said.

Prime Minister Vladimir Putin won support for Rosatom to build a dozen ultrasafe nuclear reactors in India, part of more than $10 billion in deals in energy, arms, telecoms and other cooperation signed during his visit Friday.

Aeroflot passengers complained Sunday that they had to sleep on the floor at New York’s John F. Kennedy Airport after bad weather delayed their flight by more than 24 hours.

Thousands of Georgians panicked Saturday night when a pro-government television station aired a hoax that President Mikheil Saakashvili had been killed and Russians tanks had invaded their country.

President Dmitry Medvedev warned federal and regional officials on Tuesday that they could find themselves out on the street for not fulfilling his orders in a timely manner, in his latest initiative to raise his profile as the country's top politician.

In mid-January, the Garden Ring Road was choked with traffic as stunned motorists slowed down to gawp at a pornographic film playing on a 9-by-6 meter roadside video billboard. A hacker in Novorossiisk has been linked to the stunt.

Many believe that Moscow should have copied China’s reforms. But what made China’s reforms a success was inapplicable to Russia.

Bloggers are seething over what they interpret as insensitive comments made by the company after one of its vice presidents, Anatoly Barkov, was involved in a car crash that killed two people. Some have called for a boycott of LUKoil gas stations and a popular rapper has written a song declaring that Barkov will go to hell.

The case promises to reignite Russian anger over U.S. adoptions, a delicate issue in U.S.-Russian relations in recent years, and could tangle efforts by U.S. President Barack Obama to "reset" ties that deteriorated under the previous administration.

Greece's debt trouble may speed up construction of the Burgas-Alexandroupolis oil pipeline, as Moscow and Athens vowed Tuesday to move forward on the project.

Moscow has a right to protect its own security, but it does not have the right to interfere in the affairs of its neighbors.

As public opinion polls show that police are among the country's least trusted institutions and incidents of police corruption are reported in the media almost daily, those enlisted to protect and serve struggle with their own battles to make a living.

Moscow is concerned that NATO will transform itself into a global force operating outside its traditional theater.

The Kremlin is clearly not content with its diminished power status. But one way it can still project its power globally is to be the spoiler.

Monday's fourth-place finish of figure skaters Yuko Kavaguti and Alexander Smirnov marks the first time since 1964 that a Soviet or Russian team has not won Olympic gold.