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Chinese companies may invest $2 billion...

Chinese companies may invest $2 billion to build hotels in Russia"s Black Sea resort of Sochi, the host city for the 2014 Winter Olympic games, Russia"s RBC daily said on Tuesday.


The deal extending Russia"s use of a naval...

The deal extending Russia"s use of a naval base in Ukraine"s Crimea is economically beneficial for both Moscow and Kiev, the Russian ambassador to Ukraine said on Friday.


MOSCOW, October 11 (RIA Novosti) - Russian...

MOSCOW, October 11 (RIA Novosti) - Russian President Dmitry Medvedev on Sunday identified priorities for the domestic economy"s modernization, with energy efficiency, information technology, civilian nuclear energy and pharmaceuticals outlined as target areas.

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Dutch trainer Dick Advocaat has said his...

Advocaat, 62, quit his job as coach of Belgium on Thursday, although his contract with the Belgian FA was supposed to last until 2012. He said the decision was not easy but the prospect of working with the Russian national side was too compelling.

"The talks [with Russia] are still underway and we have not yet come up with a contract. But we are on the right track," the Sovetsky Sport daily quoted the Dutch coach, who led Zenit St. Petersburg to the Russian title and the UEFA Cup during his three years with the club.

The paper speculated that Advocaat"s salary in Russia could be as high as five million euros a year.

In addition, Russia would most likely have to pay compensation of around a million euros to the Belgian FA for his breach of contract with the Belgian national team.

The Sovetsky Sport said the contract could be signed in a matter of days and the official presentation of Advocaat as manager of Russia could be held at a Russian Football Union"s

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