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MOSCOW, June 5 (RIA Novosti) - A chief inspector...

MOSCOW, June 5 (RIA Novosti) - A chief inspector at Moscow"s financial watchdog has been detained on suspicion of taking bribes, the Federal Security Service (FSB) said in a statement on Thursday.Sergei Smirnov, the chief inspector at the Federal Financial and Budget Monitoring Service (Rosfinnadzor), was detained on June 3. He is accused of extorting 500,000 rubles ($21,000) from a Moscow businessman after discovering a financial irregularity during an audit. The financial breach would normally result in a fine of up to 60 million rubles ($2.5 million) for the offending company.


MOSCOW, June 28 (RIA Novosti) - The military...

MOSCOW, June 28 (RIA Novosti) - The military arrested Honduras President Jose Manuel Zelaya on Sunday morning, the same day he vowed to follow through with a referendum that the country"s Supreme Court had ruled illegal, CNN reported.


A Russian deputy prime minister said the...

A Russian deputy prime minister said the country"s environmentalists are aiming to "trash" the 2014 Olympics in Russia"s Black Sea resort city of Sochi instead of taking "a constructive stance."

Business

Gazprom"s Board of Directors approved on...

Gazprom"s investment program stipulates 663.56 billion rubles ($23 billion) in capital expenditure and 138.84 billion rubles ($4.8 billion) in long-term investment. The program, along with the energy giant"s budget and cost-cutting plan, will be submitted to the Russian government for consideration.

Gazprom"s budget for 2010 projects 3.79 trillion rubles ($131 billion) in revenues and 3.88 trillion rubles ($134.5 billion) in liabilities, expenditures and investment. Financial borrowings will hit 90 billion rubles ($3.1 billion) and the company"s surplus will amount to 0.5 billion rubles ($17 million).

Gazprom"s earlier adjusted its investment program and budget for 2009 due to external factors resulting from the global economic downturn, including declining demand on all Gazprom"s gas markets and lower gas prices.

The energy giant"s adjusted 2009 investment program stipulates a 17% cut in investment to 761.53 billion rubles ($26.3 billion), with capital investment

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