Articles by Simon Shuster



Flu Infects UkraineТs Election

  • 18 November 09
  • The Associated Press
In a hard-fought presidential campaign, critics of Prime Minister Yulia Tymoshenko accuse her of stirring up panic to grab the spotlight from rivals by closing all schools and banning mass gatherings to combat what experts say is a relatively moderate outbreak of the disease.

Media-One To Partner With Metals Magnate

  • 17 August 09
  • Reuters
The partnership with Alisher Usmanov would jointly own and operate TV stations across Russia.

Zhukov Says AvtoVAZ Needs More Assistance

  • 11 August 09
  • Reuters
Deputy Prime Minister Alexander Zhukov called for new support measures at AvtoVAZТs mammoth car factory on the Volga to avoid social unrest, as data on Monday showed that car sales in the country plummeted again in July.

New Emissions Plan 'Not Enough'

  • 22 June 09
  • Reuters
President Dmitry Medvedev said Friday that Russia planned to release 30 percent more greenhouse gases by 2020 under a new emissions target scheme.

Gazprom Neft Moves to Take Over Sibir Energy

  • 19 June 09
  • Reuters
Gazprom Neft moved on Thursday to take operational control of mid sized oil firm Sibir Energy, installing its legal expert as Sibir's new head in the latest government push to dominate the energy sector.

Judge Urges BONY to Settle Suit

  • 28 November 08
  • Reuters
The judge hearing the government's $22.5 billion lawsuit against the Bank of New York Mellon said Thursday that the case should be settled out of court. Since last May, Russia has been seeking compensation from the bank after its former vice president helped illegally transfer $7 billion out of the country.

Power Grid Reforms Sidelined By Crisis

  • 26 November 08
  • Reuters
The financial crisis has forced a delay in pricing reform of the power grid business, a move certain to disappoint investors who staked billions of dollars on the changes, executives and experts said on Tuesday.

Freight Shipments May Fall 12% in November

  • 31 October 08
  • Reuters
Freight shipments will decline 10 percent to 12 percent in November because of the financial crisis as metals firms slash exports by up to 60 percent, the head of major freight operator Globaltrans said.

Bank Asks Clients to Pay Off Mortgages

  • 13 October 08
  • Reuters
Midsized lender RosEvroBank has asked clients to pay back their mortgages right away rather than risk the prospect of real estate prices falling 30 percent, the bank said on Friday.

Lawyers for Customs Service Miss Hearing in BoNY Case

  • 07 October 08
  • Reuters
The Federal Customs Service did not attend a hearing of its $22.5 billion lawsuit against the Bank of New York Mellon on Monday, but a lawyer for the service said it remained determined to press its case.

Car Dealer Rolf Set to Enter India

  • 08 September 08
  • Reuters
Rolf Group hopes to start car distribution and retail operations in India this year, banking on a surge in demand from IndiaТs middle class, Rolf chief executive Nick Hawkins said Friday.

Warning Issued to Fertilizer Makers

  • 01 September 08
  • Reuters
Russia could double or triple export duties on mineral fertilizers if producers do not sell to domestic farmers at an УacceptableФ price, First Deputy Prime Minister Viktor Zubkov said Friday, Interfax reported.

Sinkhole May Close Potash Rail Link

  • 15 July 08
  • Reuters
An emergency rail link allowing potash miner Silvinit to deliver the in-demand soil nutrient is likely to close in the next few weeks because of an expanding sinkhole, a senior engineer said Monday.

As Bell Chimes, UES Stops Trading

  • 07 June 08
  • Reuters
After the Friday bell on the MICEX stock exchange, Unified Energy System, the country's former power monopoly, stopped trading for good.

Kremlin Gets Tougher on Emissions

  • 05 June 08
  • Reuters
Government leaders pledged budget funds for clean energy and called for limits on greenhouse gas emissions in a reversal of the country's earlier reluctance to embrace the Kyoto Protocol and energy efficiency.

Judge in BoNY Case Urges Haste

  • 14 May 08
  • Reuters
The judge presiding over Russia’s $22.5 billion lawsuit against the Bank of New York Mellon insisted on Tuesday that the case move toward a quick conclusion after more than a year of procedural delays.

Chinese to Rescue Electricity Plans

  • 06 May 08
  • Reuters
Chinese engineers are coming to the rescue of the electricity sector, as outgoing President Vladimir Putin backs a five-year expansion plan that will rival Lenin's drives to electrify the nation.

RWE Picks Up Stake in TGK-2 for $400M

  • 17 March 08
  • Reuters
The German utility becomes the fourth major foreign investor in the country's power-sector reforms.

BoNY Fails in Bid to Have Judge Replaced

  • 03 March 08
  • Reuters
The Moscow Arbitration Court on Friday rejected a motion by lawyers for the Bank of New York to dismiss the judge in the Russian government's $22.5 billion lawsuit against the bank, lawyers for both sides said.

IES Envisions Integrated Power Firm

  • 29 February 08
  • Reuters
Viktor Vekselberg's energy holding, Integrated Energy Systems, which is emerging as a key player in the liberalized power sector, plans to evolve into a fully vertically integrated company, its chief executive said Thursday.

Gazprom and SUEK Reach Merger Deal

  • 27 February 08
  • Reuters
Energy majors Gazprom and SUEK said Tuesday that they had agreed on the main terms for merging their power and coal assets into a holding company that would eventually sell shares to the public.

Fortum, TGK-1 Sign Emissions Deal

  • 21 February 08
  • Reuters
Finnish utility Fortum has signed a pioneering deal to buy more than 5 million carbon dioxide emissions credits from electricity producer TGK-1, Fortum said Wednesday.

Ad Firms Complain of Vote Pressure

  • 14 February 08
  • Reuters
Authorities are coercing advertisers into giving billboard space to United Russia ahead of the March 2 presidential election, executives with two ad firms said.

Power Supplier Deal Challenged in Court

  • 11 February 08
  • Reuters
A Jersey-based fund said it had filed a lawsuit in Moscow against Russian firm KIT for refusing to buy out minority shareholders of the power supply company it came to control in March.

Nutritek to Sell Russian Dairy Assets

  • 30 November 07
  • Reuters
Baby food and dairy products company Nutritek is selling its Russian dairy business to RussAgroProm holding for $350 million, it said Thursday, as government price caps on milk put strain on the industry.

Nutritek to Sell Russian Dairy Assets

  • 30 November 07
  • Reuters
Baby food and dairy products company Nutritek is selling its Russian dairy business to RussAgroProm holding for $350 million, it said Thursday, as government price caps on milk put strain on the industry.

Russneft-Linked Bank for Sale

  • 27 November 07
  • Reuters
Binbank, a top-30 bank linked to embattled oil firm Russneft, said Monday that it was in talks with an undisclosed number of investors -- including a member of the Federation Council -- to sell a controlling stake.

Russneft-Linked Bank for Sale

  • 27 November 07
  • Reuters
Binbank, a top-30 bank linked to embattled oil firm Russneft, said Monday that it was in talks with an undisclosed number of investors -- including a member of the Federation Council -- to sell a controlling stake.

Shareholder Spat Hinders Ingosstrakh Acquisitions

  • 26 November 07
  • Reuters
The country's second-biggest insurer, Ingosstrakh, will soon acquire three leading firms in the former Soviet Union, but its growth is being hampered by a shareholder dispute, its controlling shareholder, Basic Element, said.

Shareholder Spat Hinders Ingosstrakh Acquisitions

  • 26 November 07
  • Reuters
The country's second-biggest insurer, Ingosstrakh, will soon acquire three leading firms in the former Soviet Union, but its growth is being hampered by a shareholder dispute, its controlling shareholder, Basic Element, said.