Russia's chief health inspector said on Wednesday he fully supports the ban on night sales of alcohol which comes into force in Moscow on September 1, and hopes similar bans will be applied across the country.

Russian pharmaceutical company Pharmsynthez plans to raise 500 million roubles ($16.28 million) in a stock market float this November, delivering a rare boost to the country's flagging IPO market.

Russian company Altai-Vitamin and Serbia’s Galenika will open a packaging facility for pharmaceutical products of Serbian pharmaceutical company in the Russian town of Bijsk.

On Tuesday, Bono met with Russian President Dmitry Medvedev ahead of the U2 concert due in Moscow on August 25 at the presidential summer residence in the Black Sea resort city of Sochi.

Russia’s Ministry of Health and Social Development has submitted to the government a bill completely banning gifts to officials of all ranks, as well as to the staff members of the Bank of Russia.