Articles by Natasha Shanetskaya



Russia's James Madison Opts for Mars Bars

Oleg Rumyantsev was called Russia's James Madison for his efforts to give the country a democratic constitution. These days he promotes the interests of U.S. confectioner Mars.

Banks to Borrow From Pensioners

The government wants to make the State Pension Fund profitable by introducing a new borrowing programme.

Oil Majors Beaten by Unknown In Tender

In a move that raised some eyebrows, a little-known company from the Far East affiliated with No. 2 oil major Yukos won a tender Tuesday to develop Siberia's Talakan oil field.

LUKoil to Triple Dividends, Spiff Up Image

Top oil producer LUKoil scored positive image points on a variety of fronts Friday and gained considerable ground on its drive to become more transparent for investors.

Ruhrgas Rejects Gazprom Share Talk

German gas major Ruhrgas plans to keep its stake in Gazprom unchanged, a company representative said Wednesday after reports that it may increase its stake to 10 percent.

RTS World's No. 3 Performing Index

While its volume may be tiny by international standards, the Russian Trading System has outperformed all but two of the 38 world's major stock exchanges so far this year.

Economy Not Yet Stable, Putin Tells WTO

President Vladimir Putin told visiting World Trade Organization director general Michael Moore on Friday that Russia was committed to joining the WTO, but not at any price.

Rus-Rating Puts New Spin on Bank Rating

The former head of Thompson BankWatch in Russia has launched his own independent bank rating agency in an effort to bring more transparency to the banking sector.

Shootings, Car Bombing Kill 2, Injure 3 in Moscow

Moscow was shaken in recent days by a car bombing, a shooting in the heart of town, and the theft of a pop singer's Jeep Cherokee by men who shot and killed her bodyguard.

Survey: Foreigners Bullish on Russia

The Economist Intelligence Unit went on the warpath Tuesday to debunk the myths about Russia that Western companies who have never done business here believe.

CB Under Fire for Forex Monopoly

The Moscow Stock Exchange won a moral victory Monday after a court ordered the Anti-Monopoly Ministry to investigate the Central Bank for allegedly violating competition laws.

Police Hunt Deputy's Shooters

Police said Thursday that they are chasing down leads pointing to a business dispute as being behind an apparent assassination attempt on a Unity party lawmaker.

Kremlin, U.S. Hear Small Business Woes

Fresh from briefing officials in Washington, an army of Russian entrepeneurs marched into the Kremlin on Tuesday and told the president's top economic adviser what was wrong.

Region Capitalizing on 'Spoiled' Capital

The city of Moscow remains the favorite destination for investors in Russia, but its neighbor is gaining momentum and this year expects to double the investment level of 2000.

Tigers Put on the Debt Swap Block

While the prime minister was in Rome touting Italy's decision to trade Russian debt for investment benefits, a rather wilder swap was being offered in Moscow: debt-for-tigers.

Nestle's Russian Sales Lead Global Growth

Nestle, the world's largest food company, said its 2000 sales in Russia grew faster than in any other country it operates in and helped it post its best year in over a decade.

Want to Skip Taxes? By Law You Can

The new Tax Code that was signed by President Vladimir Putin last August repeals the old code and creates a legal vacuum with no provision for any taxes owed before 2001.

Deripaska Said to Eye Top Bus Maker

Metals giant Siberian Aluminum is in talks to buy LiAZ, the nation's largest bus maker, LiAZ general director Dmitry Strezhnev said during a factory tour Tuesday.

Clear Sailing Ahead for Russia's MP3 Fans

While a legal battle over control of the music industry rages on in the United States, Russian fans of downloading music can sleep soundly.

IKEA Breaks Ground on 2nd Store

Swedish furniture giant IKEA has launched construction of a second megastore less than a year after its first outlet took Moscow by storm.

Golden Telecom Cuts Q4 Loss, Revenue Up

Golden Telecom halved its loss in the last quarter of 2000 to $2.2 million compared with the same period of 1999, on increased revenue from data and Internet services.

TNK to File New Suit Over Rusia Sale

A bitter dispute over the sale of a stake in Rusia Petroleum took a twist Monday when the Tyumen Oil Co. announced it would file a fresh suit contesting the tender results.

Gazprom Wins Accounting Award

Despite coming under fire from minority shareholders for its murky relationship with gas retailer Itera, natural gas monopoly Gazprom was named the ideal of annual reporting.

Mad Cow Fears Boosting Beef Sales

Mad cow disease, which wreaked panic in Western Europe, poses no threat to the Russian meat industry, Deputy Agriculture Minister Sergei Dankvert said.

9 Injured in Blast at Belorusskaya Metro

  • 06 February 01
  • Staff Writers
A homemade bomb went off at the Belorusskaya metro station during evening rush hour Monday, injuring nine people and filling the busy station with smoke.

Navigating Moscow's Maternity Clinic Maze

Olga Albanova's experience giving birth in a Moscow clinic turned into her worst nightmare: lack of professional anesthesiologists, crowded rooms, filthy showers, and rude doctors.

Mosenergo's ADRs Top NYSE Performer

Mosenergo's American Depositary Receipts have been the best performing ADRs on the New York Stock Exchange, with growth of more than 62 percent in the past year.

Duma to Mull Over 15 Internet Bills

The Internet has been one of the last frontiers unconquered by Russia’s galling government regulations, but that may change during the State Duma's spring session.

Russia Captivates Paris-Born Businesswoman

When Irene Commeau boarded a Moscow-bound train in her native Paris in 1964, she did not know her journey would be a lifelong one.

Europeans Plan to Hike Car Sales

Several European carmakers have plans to double sales in Russia this year, making a slightly deeper dent in a market dominated by cheaper domestically produced vehicles.