Russian President Vladimir Putin has given the country's top-level bureaucrats and state employees a three-month deadline to close their foreign bank accounts - or get sacked.
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.
Russian Prime Minister Vladimir Putin has hinted that there is more to Dominique Strauss-Kahn’s arrest on charges of sexual assault than meets the eye, according to various media reports.