Billionaire Suleiman Kerimov will be the fourth big figure to step down as senator as the upper house of the Russian parliament is getting ready to pass the bill forbidding officials and members of the parliament from having foreign assets.

Alexander Provotorov, now former CEO of Rostelecom, will spend most of his 229 million bonuses on charity.

The Federation Council has given the green light to a new set of fines for foul language used in the mass media.

Polyus Gold International has announced a delay in the launch of operations on Russia's largest gold deposit, Natalka.

Tinkoff Credit Systems, Russia's first online bank, has laid out ambitious goals for 2013. Click here to find out more.

Norilsk Nickel is looking for a potential buyer for its pension fund worth 5.3 billion roubles.

Billionaire Mikhail Prokhorov is thinking of launching a Yo-jet after he puts Yo-mobile in production.

Vimpelcom is mulling plans to sell off stakes in two of its foreign assets - Canadian Globalive Wireless Management Corp. (known as Wind Mobile) and Algerian Orascom Telecom Algerie (known as Djezzy).

Several Gazprom's departments are getting ready to move to St. Petersburg, says Russian Vedomosti daily.

Russian deposit holders may be facing pressure from the tax authorities if new amendments on money laundering are passed into law.