The Serbian government will help refinance debt-ridden soccer giants Red Star and Partizan Belgrade and have appointed managers to temporarily run Red Star, the Balkan country's deputy Prime Minister Aleksandar Vucic said.
Moscow's time is running out - St Petersburg's renovation has brought the city a renewed sense of dignity and civic pride
The venue for the 2014 Winter Olympics, has opened its slopes up to British skiers. Adrian Mourby gives it a test run
Following protests and online activity, the Russian media are increasingly reporting the truth. By Jonathan Brown
From London's 'Cucumber' skyscraper to Norman Foster's space station in the New Mexico desert, buildings dazzling in size and ambition are set to transform the global landscape in 2011.
Dreamed up in the heady days of ever-rising oil prices, before the financial crisis struck, it represented the optimism and swagger of the new cash-rich Russia.
Investors looking east should continue to be cautious and avoid being caught up in the football hype.
Viktor Chernomyrdin played a vital role in Russia's first tumultuous post-Soviet decade, as a solid and pragmatic counterpart to the erratic President Boris Yeltsin and as a bridge between the Communist old guard and the inexperienced young reformers who were shaping the country's future.
A top Ukrainian official says Russia is trying hard to discredit Ukraine by sending natural gas intended for Europe on a technically impossible transit route over Ukraine's vast pipeline system.
Fears of a deep chill spread across Europe yesterday after a row between Russia and Ukraine over gas prices cut supplies to the rest of the continent on a day of plummeting temperatures and heavy snowfalls.
Russia halted gas supplies via Ukraine to the Balkans, Turkey and south-eastern Europe today and flows to EU-member state Austria dropped by 90 per cent in a deepening price row between Moscow and Kiev.
Europe starts to feel the pinch as Russian and Ukrainian state-run energy giants trade blows. David Randall reports
Politicians seem to be queuing up these days to proclaim their trendy music credentials to image-conscious voters. First Gordon Brown waxed lyrical about his love for the "very loud" Arctic Monkeys. Then David Cameron got in on the act by including the Killers in his Desert Island Discs selection.