Russia to Boost Military on Kuril Islands

Gazprom Buys Siberia Gas Field From TNK-BP, Report Says

Russian state gas firm Gazprom Tuesday bought the huge Siberian gas-condensate field Kovykta from BP's Russian joint venture, TNK-BP, the RIA Novosti news agency reported.

Russia Widens Ruble's Trading Range

The Russian central bank said it would let the ruble trade in a wider range, a move that will likely allow the currency to strengthen and moderate a recent bout of steep inflation.

Russia's VEB Moves to Sell Equity Holdings

Vnesheconombank, the Russian state-owned bank, will seek approval from its board to sell some of its large equity holdings over time to raise money for development projects, VEB Chairman Vladimir Dmitriev said.

Fiat Submits Plan for Russian Auto Venture

Fiat submitted a plan under which it would make up 300,000 vehicles a year in Russia under the Fiat and Jeep brands.

Russia Raises Interest Rates

Russia's central bank raised interest rates across the board for the first time since the global economic crisis, as it tries to cut inflation and stem capital inflows spurred by oil prices surging on Middle East turmoil.

Putin Blasts EU on Energy

Russian Prime Minister Vladimir Putin took his criticism of Europe's energy policy to the heart of the EU, saying new energy-market rules are leading to "property confiscation" and will ultimately prompt prices to rise.

Medvedev Warns of Arab 'Disintegration'

In his direst comments on the uprisings yet, Russian President Dmitry Medvedev warned that the revolutions spreading across the Arab world could lead to "decades" of turmoil and the rise of Islamism.

Russia WTO Membership Faces Hurdles

Russia's membership in the World Trade Organization will be a central item on the agenda when Prime Minister Vladimir Putin visits Brussels on Thursday—but the country is still seen facing a rocky road to secure entry.

VTB Pays $3.5 Billion for Control of Bank Of Moscow

Russian state-controlled bank VTB Group has paid $3.53 billion to gain a controlling stake in Bank of Moscow, in a controversial privatization following the Kremlin's shake-up of Moscow city hall.

Russian Energy Czar Warns BP

Ford to Begin Russian Venture

Shtokman Faces New Delays

Russian Tycoon's Trial Called a Sham