Russian News From Russia…

The Tverskoi Court of Moscow ruled on Thursday to clear a nine-year-old boy from repaying a debt of 561,000 rubles ($19,000) that he inherited from his late mother, RAPSI news agency reported. Last month the court had received a lawsuit from Alexei Panikorovsky, who sought to collect from Ivan Chaplygin 561,000 rubles owed under a [...]

Russian President Vladimir Putin will hold talks with his Abkhaz and South Ossetian counterparts in Russia’s Black Sea resort of Sochi on Friday and Saturday, respectively, the Kremlin said. Putin and Abkhaz President Alexander Ankvab are expected to visit the Velyoloye-Adler checkpoint at the Russian-Abkhaz border which recently opened after reconstruction and discuss a number [...]

The Sukhoi Superjet 100 medium-haul regional aircraft, which has been in development since 2000, is the first new Russian passenger airliner design since the fall of the Soviet Union. It is also the first civil aircraft for Sukhoi, known for its fighter jets. The bureau brought in a variety of foreign partners to develop the [...]

Russian President Vladimir Putin introduced in the State Duma a bill canceling the mandatory retirement age for the head of the Supreme Court, Kremlin’s press service said on Thursday. The bill, which is expected to be supported by the lower chamber, paves the way for Vyacheslav Lebedev, 68, to indefinitely prolong his 23-year stay in [...]

Small groups of opposition activists remained on the streets of downtown Moscow on Thursday morning after four days of anti-Putin protests that began with pitched battles between police and demonstrators and also saw the jailing of two of the movement’s figureheads. “The continuous protest on the streets of Moscow has been going on since 10 [...]

The Russian Justice Ministry has formally restored registration of the liberal Republican Party of Russia, allowing it to participate in elections, the ministry said in a statement on Thursday. The party, currently headed by opposition politician Vladimir Ryzhkov, was created in 1990 and banned by the Supreme Court in 2007 as part of the Kremlin’s [...]

Russian Prime Minister Dmitry Medvedev urged the opposition on Thursday to stay within the law while combating ballot rigging and other violations of the law. Commenting on the video clips demonstrating alleged police brutality and other abuses that were posted on the Internet, Medvedev said conclusive evidence – proof – was paramount. Over 400 people [...]

Russia will not change its position on Syria despite pressure from outside, Russian acting Foreign Minister Sergei Lavrov said on Thursday. “There are people who want to put pressure on us to change our position. We will not concede to this pressure,” Lavrov said at a press conference after talks with his Chinese counterpart Yang [...]

A drunk 16-year-old attempting to rob a liquor store in western Siberia failed to impress the sales clerk, who demanded to see his ID first, local police said on Thursday. The youth climbed halfway into the window of a round-the-clock store in the village of Yaya in the Kemerovo region to demand booze and cigarettes, [...]

Russian and Abkhaz security services claim to have uncovered a terror plot targeting the 2014 Sochi Olympic Games, the Russian National Anti-Terrorism Committee (NAK) reported on Thursday. Three men suspected of being ringleaders in a regional cell of the North Caucasus-based terrorist group Caucasus Emirate (Imarat Kavkaz) were arrested in Abkhazia on May 4-5 on [...]

TNK-BP saw Q1 2012 net profit fall 16.9 percent year-on-year to $2.176 billion to IFRS, the company said in a Thursday statement. The Russian-British oil producer is presenting IFRS financial results for the first time after previously using US GAAP. They showed that while Q1 2012 Gross Proceeds rose 16.4 percent to $16.089 billion from [...]

Acting Vice-Premier Igor Sechin who was in charge of Russia’s fuel and energy sector in the previous government may be elected to the board of directors of state-controlled Rosneftegaz, according to a resolution posted on the government’s website on Thursday. The resolution proposes a list of candidates for the board of Rosneftegaz, which manages the [...]

Russian businessman Boris Ivanishvili is selling Rossiyskiy Kredit Bank, which is on the list of Russia’s 200 largest banks, to private investors for $352 million, the businessman’s representative told Prime news agency on Thursday. The buyers include President and owner of Lanit Group of IT companies Georgy Gens, Industrial and Insurance Company founder Boris Pastukhov, [...]

Russia’s largest truck maker KamAZ saw its stock surge more than 5.5 percent to 50,1 rubles per share in Thursday afternoon trading on the MICEX-RTS stock exchange on the company’s strong financial results, according to stock exchange data. KamAZ, the world’s eleventh largest truck maker and the eighth largest producer of diesel engines, posted a [...]