Russian Nanotechnologies Corp. may invest 2.65 billion rubles ($94 million) in magnesium production in the Sverdlovsk region of the Urals, Kommersant reported, citing unidentified people familiar with the matter.
OAO Bashneft, the oil producer controlled by Russian billionaire Vladimir Evtushenkov, is preparing to raise at least $1 billion in a share sale in London or Moscow later this year.
Andrei Kirilenko, the National Basketball Association player known as AK-47, is defying Russian antipathy toward U.S. brands by opening the country’s first Hooters restaurant.
Mikhail Kalashnikov, inventor of the world’s most popular assault rifle, the AK-47, a simple and durable weapon of war used by tens of millions in about 100 countries, has died. He was 94.