• Russia nominates Ex-Chancellor of Germany to Rosneft Board of Directors

    The Russian Federation has nominated former German Chancellor Gerhard Schröder to join the Board of Directors of the Russian energy giant, Rosneft, reported DW.

    "The government of the Russian Federation nominated Gerhard Schröder as the new independent director of Rosneft. He currently heads the Shareholders Committee of Nord Stream AG," the statement said.

    According to the publication, Gerhard Schröder was named one among seven candidates for the position. Shareholder voting for candidates …

  • Kremlin demands that Snapchat stores its user data in Russia

    Roskomnadzor (Russia's Federal Service for Supervision of Communications, Information Technology and Mass Media) added Snapchat to the register of companies that organize and disseminate information anonymously.

    The company was registered unilaterally, RBC news agency reports with reference to the representative of Snap Inc. (the company-owner of the application).

    "We provided very basic contact information, but not with the goal of being registered, we did not know how they[Roskomnadzor] …

  • Journalist: Russian weapons and equipment are moving towards Ukrainian borders

    In Russia this week, there is an unprecedented movement of military equipment being flown into the Moscow Region, as well as into Kostroma, Samara, and Volgograd. Military equipment is being moved via aircraft into the European part of the Russian Federation from Novosibirsk. Russia states that this is part of the Zapad-2017 exercises, according to journalist and military correspondent, Andrei Tsaplienko’s blog on NV.ua website.

    The exercised will begin on September 14th in six formations in …

  • Mail.Ru Group estimates $13 million losses due to blocking of its services on the territory of Ukraine

    Due to the blocking of VKontakte, Odnoklassniki, and other Mail.Ru Group services in Ukraine, the company will lose about 1.5% of its revenues in 2017, which is about 790 million to 809 million rubles or slightly over thirteen million dollars. This is reported in the company's report for the second quarter of 2017.

    "The blocking of our products in Ukraine in the second quarter had an adverse impact on our revenues. We estimate the negative impact at 1.5% of our total revenue in 2017. Despite …

  • Russian journalist sentenced to 3.5 years for investigating incomes of the high ranking officials

    The Tverskoy District Court of Moscow sentenced Alexander Sokolov, a journalist of RosBusinessConsuilting Media group (RBC), to three and a half years incarceration in general-regime correctional facility, reported Dozhd TV channel. 

    Sokolov was accused of organizing the activity of an extremist organization. The court also sentenced Sokolov to 1 year of parole following his incarceration. The term of punishment was commenced from the moment of Sokolov's arrest, which was July 28, 2015.

    Three …