Alexei Ulyukayev

Russia ex-economy minister gets 8 years in penal colony over bribe

Moscow - Muslimchronicle

A Russian court on Friday sentenced former economy minister Alexei Ulyukayev to eight years in a penal colony after convicting him for taking a bribe from an ally of President Vladimir Putin. Ulyukayev, the highest-ranking official arrested in Putin's 17 years in power, must also pay a fine of 130 million roubles ($2.2 million), judge Larisa Semyonova said. source: AFPRead more

Putin's ex-minister, facing 10 years in jail, asks forgiveness

Moscow - Muslimchronicle

Alexei Ulyukayev, a former Russian economy minister who faces 10 years in prison on bribery charges, insisted on his innocence Thursday while asking Russians to forgive him for ignoring the injustices of Russia's political system. Giving his final speech in court on Thursday, he reiterated his claim that the case was "absurd" and a "monstrous and cruel provocation".A top cabinetRead more

Putin's ex-minister, facing 10 years in jail, asks forgiveness

Moscow - Muslimchronicle

Russian prosecutors call for 10-year sentence for ex-economy minister

Moscow - Muslimchronicle

Russian prosecutors on Monday called for a 10-year prison sentence for former economy minister Alexei Ulyukayev who is accused of extorting a $2 million bribe from a close ally of Vladimir Putin. "I ask you to find Alexei Ulyukayev guilty," prosecutor Boris Neporozhny said in a Moscow court, asking for a 10-year prison sentence and a fine of 500 millionRead more

Russian minister detained over $2m bribe

Moscow - Arab today

Russia charged Economy Minister Alexei Ulyukayev on Tuesday over suspicions he pocketed a $2 million (Dh7.34 million) payoff during a deal involving state-controlled oil giant Rosneft. Ulyukayev was the highest ranking official to be detained over suspected corruption since President Vladimir Putin took power in 2000 and vowed to clamp down on endemic graft. The 60-year-old minister’s detention has sparkedRead more

Russian GDP declines 1.2 percent in Q1 2016

Moscow - XINHUA

Russia's Gross Domestic Product (GDP) declined by 1.2 percent year-on-year in the first quarter of 2016, the Russian Federal Statistics Service said Monday. Russia's GDP declined by 3.7 percent in 2015, mainly due to slumping oil prices, Russia's main export commodity, as well as Western sanctions imposed to punish Moscow for its role in the Ukraine crisis. In April, RussianRead more

Russian economy adapted to new reality

Moscow - XINHUA

Russian economy has mainly adapted to the new macroeconomic conditions and there are signs of recovery, Economic Development Minister Alexei Ulyukayev said Thursday. "The economic figures were not strongly affected by another oil shock, and devaluation was less than before," Ulyukayev said, adding that inflation was decreasing. In his view, it means that economy has adapted to the limited globalRead more