Russia has raised 96 billion roubles (3.3 billion USD) from the sale of a 10% stake in the country's second biggest bank, VTB. The sale marks the start of the government's huge privatisation drive aimed at raising 1 trillion roubles over three years.
Russian Prime Minister Vladimir Putin has said the arrest of WikiLeaks founder Julian Assange shows the West has its own problems with democracy.
Russian President Dmitri Medvedev says a full one-quarter of Russia's grain crops have been destroyed by weeks of drought and wildfires, leaving many Russian farmers close to bankruptcy.