Money / Russian ruble is 43% undervalued – Big Mac Index Russian ruble is 43% undervalued – Big Mac Index

21 Jul, 03:22 PM 105 comments

According to a recent report in The Ecomomist magazine, the famous Big Mac Index rates the Russian ruble as 43% undervalued. A Big Mac in the US now costs $3.57. On a comparative basis in Russia you fork out $2.04.

Politics / Ukraine and Georgia unfit for NATO – NATO chief Ukraine and Georgia unfit for NATO – NATO chief

21 Jul, 03:01 PM 102 comments

Neither Ukraine nor Georgia are ready to join NATO, and neither is likely to be ready for it soon, the alliance's secretary general Jaap de Hoop Scheffer has said.

Russia in the World / Russian commander and US astronaut fix broken Space Station toilet Russian commander and US astronaut fix broken Space Station toilet

21 Jul, 02:14 PM 103 comments

Astronauts of the ISS successfully fixed a broken lavatory that threatened the wellbeing of the 13 people on board.

Russia in the World / Russian oligarch Deripaska wants his case to be heard in Russia, not UK Russian oligarch Deripaska wants his case to be heard in Russia, not UK

21 Jul, 02:05 PM 102 comments

Russian oligarch Oleg Deripaska on Monday challenged a British court ruling that said a lawsuit brought against him by a former friend should be heard there rather than Russia.

Society / Russian Internet users lost $200m in 2008 because of spam – study Russian Internet users lost $200m in 2008 because of spam – study

21 Jul, 01:53 PM 98 comments

Russian Internet users lost $200 million in 2008 because of spam, said Alexander Gostev, head of the Center of Threat Global Studies and Analysis at the Kaspersky Laboratory in Moscow.

Politics / Russia may open anti-terror training center in Kyrgyzstan Russia may open anti-terror training center in Kyrgyzstan

21 Jul, 01:52 PM 92 comments

The President of Kyrgyzstan has revealed Russia is about to build a center in the Central Asian country where it will train its military personnel in counter-terrorism.

Money / Russian ruble soars as oil prices grow Russian ruble soars as oil prices grow

21 Jul, 01:41 PM 85 comments

The ruble has gained the most against the dollar in a decade as oil above $64 a barrel spurred optimism the world’s biggest energy exporter will benefit from a global economic recovery.



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