Russian Security Officials Destroy Turkish Oranges in the North Caucasus

• By Anna Dolgov
• Feb. 05 2016 12:50
• Last edited 12:50

Cocoparisienne / Pixabay

Russian security officials have seized nearly half a ton of oranges from vendors at a city market in the North Caucasus and destroyed the fruit, reasoning that the oranges had been brought from Turkey against Russia's ban on food imports from the country, the Interfax news agency reported Thursday.

More Than Half of Russians Negative on State of Economy - Poll

• The Moscow Times
• Feb. 05 2016 13:20
• Last edited 13:20

Denis Abramov / Vedomosti

More than half of Russians have a negative outlook for the economic situation, the highest amount since the country's financial crisis began, the Kommersant newspaper reported Friday, citing a recent poll.

Russian Government to Introduce Tax on Sugar and Palm Oil

• The Moscow Times
• Feb. 05 2016 14:45
• Last edited 14:45

Denis Abramov / Vedomosti

In an effort to increase federal revenues, the Russian government is set to introduce taxes on unhealthful products, the Vedomosti business daily reported Friday, citing a document from a meeting with Russian Prime Minister Dmitry Medvedev.

Moscow Bank Connected to Chaika's Son Loses License

• The Moscow Times
• Feb. 05 2016 14:56
• Last edited 14:56

Sergei Nikolayev / VedomostiThe Central Bank headquarters in Moscow.

Russia's Central Bank has revoked the operating license of the Moscow-based Millenium bank due to a loss of capital, the regulator said in a statement on Friday.

The statement also said Millenium bank — ranked 282nd in the Russian banking system in terms of assets — failed to satisfy the claims of its creditors in a timely manner.

According to the Kommersant newspaper, 48 percent of Millenium bank is owned by entities controlled by the Russian Railways state monopoly.

The Vedomosti newspaper reported last October that 11.7 percent of the bank's assets were owned by Russian Prosecutor General Yury Chaika's son Igor through Beteltrans — Russia's largest producer of railway sleepers.

The Central Bank has been carrying out a large-scale cleansing of the Russian banking sector since 2013. A total of 93 banks were deprived of licenses last year.

Минэкономразвития должно быть перестроено. Полностью

ТАСС

Как заявил на коллегии Минэкономразвития первый вице-премьер РФ Игорь Шувалов, чиновникам следует изменить стиль управления - не ждать поручений от вышестоящего руководства, а потом сообщать о выполнении, а думать как бизнес: формировать бизнес-планы и модели решения существующих проблем.

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