Russia's Prime Minister Dmitry Medvedev tells CNBC that ties with the U.S. have been damaged by "destructive" and "stupid" sanctions.» Read More
*Facebook's Zuckerberg makes first visit to Russia. GORKI, Russia, Oct 1- Prime minister Dmitry Medvedev told Facebook chief executive Mark Zuckerberg on Monday that Russia's IT industry was as promising an area for investment as its natural resources sectors.
MOSCOW-- A Russian official says Facebook head Mark Zuckerberg is being encouraged to expand its operation in Russia. Russia's communications minister tweeted that Prime Minister Dmitry Medvedev persuaded the social media giant's founder Monday to abandon plans to lure away Russian programmers and instead open a research center in Moscow.
MOSCOW, Oct 1- Here are events and news stories that could move Russian markets on Monday. MOSCOW- Russian Prime Minister Dmitry Medvedev meets Facebook. MOSCOW- Moscow City Court starts hearings on appeal against conviction of three members of the punk band Pussy Riot;.
MOSCOW-- Facebook head Mark Zuckerberg was in Moscow on Monday, where top officials were pressing him to expand the company's operations in Russia. A Facebook spokeswoman, who refused to be named because she wasn't authorized to discuss the matter with the media, said the company has no immediate expansion plans for Russia.
Russia’s parliament has passed a law imposing draconian fines on demonstrators, aimed at curtailing anti-Kremlin protests in a political crackdown following the return of Vladimir Putin as president last month, the Financial Times reports.
NY Times reports that Mr. Putin, who grew up in a hardscrabble Soviet housing block, has spent more than a decade in a byzantine world of petitioners and servants. Now, in the year he turns 60, he will face his biggest challenge: coming to grips with a society that has greatly changed under his watch, while he has remained essentially the same.
The Russia Forum, held in Moscow each February, brings together politicians and business leaders to discuss investing in this vast resource-rich country.
Russian stocks and the rouble held above their two-week lows, but analysts said that, at least until Dec. 24, investors would be better off staying away from Russia.
When Vladimir Putin took time out from shirtless photo opportunities to announce that he was seeking the Russian presidency again in 2012 at the weekend, the subsequent drop in the rouble must have been rather unflattering.
As the St Petersburg International Economic Forum wrapped up over the weekend, the business leaders and investors who flew into Russia to see President Medvedev outline his vision for attracting foreign investment into the resource-rich former super power were hopeful that reform is finally on the way, but sceptical that the Russian leadership will finally deliver on its promises to create a more business friendly environment.
At the St Petersburg International Economic Forum (SPIEF), one of the main topics on the agenda is how Russia transforms the wealth gained from its substantial natural resources into a more rounded economy.
Russia is ready to develop substantial business interests beyond the oil and natural gas driven wealth that has been generated since the collapse of the Soviet Union, the head of investment bank UBS in the region told CNBC.