Popular Ski Resorts Russia

A joint statement has been released by French and Russian presidents Nicolas Sarkozy and Dmitry Medvedev committing a French state-owned bank to partnering with Russia& 39;s North Caucasus Resorts Company, reports Bloomberg.

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We warn travellers against all but essential travel to North Ossetia, Karachai-Cherkessia and Kabardino-Balkaria (including the Elbrus area). There is a high level of threat from terrorism. Attacks cannot be ruled out and could be indiscriminate, including in places frequented by expatriates and foreign travellers. Attacks have occurred most frequently in Moscow and in the North Caucasus.