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MOSCOW. (RIA Novosti economic commentator...

MOSCOW. (RIA Novosti economic commentator Vlad Grinkevich) - The Russian currency is losing ground: in today's trading on the MICEX (Moscow Inter-Bank Currency Exchange) the dollar cost over 28 rubles for the first time since the spring of 2006.


MOSCOW, June 26 (RIA Novosti) - Russia lost...

MOSCOW, June 26 (RIA Novosti) - Russia lost 413 million rubles ($16 million) in the first five months of 2007 as a result of money laundering, an Interior Ministry official said Tuesday. Yevgeny Shkolov, head of the ministry"s economic security department, said his unit alone tracked down some 2,680 money-laundering incidents between January and May of this year - a 14% increase year-on-year. The total number of such crimes detected across the nation was 4,390, he said. "Some 4,390 crimes related to money laundering were tracked in the Russian Federation in the first five months of this year, including 1,257 on a large scale," Shkolov said.


A fire broke out on Monday in a market in...

A fire broke out on Monday in a market in the city of Mytishchi outside Moscow, a Russian Emergencies Ministry spokesman said.

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MOSCOW, August 28 (RIA Novosti) - The eight...

has been rife, with some media outlets saying the Russian authorities are trying to cover up a smuggling or trafficking operation.

However, the Foreign Ministry said in a statement on Tuesday evening: "Of course this bulk freighter with deadweight of 7,000 tons was never lost. Its movements were monitored, and its coordinates were provided by several sources, including our foreign partners."

The ministry did admit that several questions over the ship"s "disappearance" remained unanswered, for example whether the reported seizure of the freighter on July 24 was preceded by another attack, and whether there were other hijackers involved.

Other reports have suggested that the Arctic Sea was hiding a second, smaller vessel while sailing off Sweden"s eastern coast.

Russian envoy to NATO Dmitry Rogozin has dismissed such allegations as "outlandish" and "ridiculous."

Alexander Bastrykin, head of the Investigations Committee at the Russian

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