Vladimir Putin wasn’t having a great day. The Russian president had spent the August morning in a helicopter over Khabarovsk, near the Chinese border, surveying flood damage that had left tens of thousands of people homeless.
President Vladimir Putin’s top economic aide is looking at backing a proposed freeze on price growth for natural gas, power and rail monopolies next year as the Russian government seeks to control inflation.
OAO Russian Railways will probably drop plans to sell 100 billion rubles ($3 billion) of infrastructure bonds if the government freezes prices to fight inflation, Chief Executive Officer Vladimir Yakunin said.
The European Union’s spreading debt crisis prompted a request by Kazakh lawmakers to President Nursultan Nazarbayev to dissolve the lower house of parliament and set an early election, a presidential adviser said.