Articles by Alla Startseva



VTB Invests Extra $250M in Railways

State-owned Vneshtorgbank said Wednesday it would invest an additional $250 million in the Russian Railways Co., or RZD, as the recently formed transport giant launched an aggressive marketing drive to drum up funds desperately needed for expansion and modernization.

Snarl-Up Infuriates FedEx Clients

Hundreds of packages handled by Federal Express are gathering dust in a customs terminal at Domodedovo Airport as irate customers are left in the dark about deliveries they should have received weeks ago.

RZD Plans to Sell Bonds and Shares

The Russian Railways Co., or RZD, has announced major changes for 2004, including the issuing of bonds and the selling of shares in noncore subsidiaries.

RZD Rides China Oil Boom

Russian Railways Co., or RZD, said it would help oil major Yukos realize its plan for a massive increase in exports to China by opening a new route, said RZD vice president Salman Babayev.

Gref: 13% VAT Is Imaginable

Value-added tax should be reduced to 13 percent if the government decides to introduce special VAT accounts, Economic Development and Trade Minister German Gref said Wednesday.

Gordeyev: Bigger EU to Cost $400M

As Russia loses traditional markets to European Union expansion this spring, the agricultural sector could face annual losses of up to $400 million, Agriculture Minister Alexei Gordeyev said.

Railways Slow to Reform Power Assets

As power sector reform kicks into high gear, the restructuring of Russian Railways Co.'s vast energy assets appears to be lagging behind.

In Vilnius, the Presidency for a Passport

The same man who made Rolandas Paksas president of Lithuania a year ago could now bring down the embattled head of state in a political scandal that has rocked the Baltic nation.

Mad Cow in America Prompts Ban on Beef

Russia imposed a ban on imports of American beef on Wednesday after U.S. veterinary officials confirmed the first case of mad cow disease in the world's largest market.

Putin Threatens To Revisit Sell-Offs

President Vladimir Putin on Tuesday asked big business to help the state resolve the country's social problems and threatened to undo fraudulent privatizations -- indicating for the first time that the investigation into Russia's richest man, Mikhail Khodorkovsky, might not be isolated and could spark renationalizations.

Kuchma Keeps Chubais Plugged In

Ukrainian President Leonid Kuchma appears to be reshuffling state assets in a move that will likely benefit his own family and Russia's Unified Energy Systems, analysts said Monday.

FSB: 5 Foreign Spies Caught This Year

Federal Security Service chief Nikolai Patrushev praised the work of intelligence agents Friday, saying the FSB caught five foreign spies this year.

Economists: Forget WTO, Economy Just Fine

Forget about Russia's troubled bid for membership in the World Trade Organization -- the economy is healthy and set to keep on growing next year.

Kaliningrad Links Back Up to West

A military band struck up a tune and an Orthodox bishop chanted a blessing as a train left Kaliningrad in a new direction.

Chubais Stays Defiant in Defeat

Storm clouds are gathering over Anatoly Chubais, the energy magnate and co-head of the liberal Union of Right Forces, or SPS, which lost its parliamentary representation in Sunday's elections.

Pies and Cakes but No Party

Loud Russian pop music and fresh cabbage pies greeted voters at nearly every local polling station Sunday.

Divinely Inspired Chubais Plans Ascension

In an election season dominated by the darker side of public relations, Anatoly Chubais, the consummate contrarian, is shrouding himself in light -- holy light.

UES Moves Into Ukraine, Buys Stakes in 10 Power Distributors

National power grid Unified Energy Systems has acquired stakes in 10 Ukrainian electricity distribution companies, UES CEO Anatoly Chubais announced in Kiev on Thursday.

United Russia Makes Campaigners of Cashiers

So you thought you could get away from the never-ending pre-election billboards, posters and elocution on the streets.

UES Shopping Spree Heads to Ukraine

National power grid Unified Energy Systems is close to acquiring stakes in a number of Ukrainian utilities, a company spokesman confirmed Friday.

Cabinet Sets Key Investments

The Cabinet approved next year's investment programs totaling nearly $18.3 billion into the power, gas and railway sectors on Thursday.

Yakovlev Paints Sad Picture of Housing

The sorry state of the country's housing and utilities sector is one for the record books, Deputy Prime Minister Vladimir Yakovlev said Wednesday, urging the State Duma to quickly pass laws to ward off a looming disaster.

Chamber, Cops to Probe Ministry, RZD

The Audit Chamber said it will ask the Interior Ministry to participate in probes of the Railways Ministry and the Russian Railways Co., or RZD, next year.

Oligarchs Bow to Putin's New Deal

  • 17 November 03
  • Staff Writers
President Vladimir Putin on Friday offered the nation's leading executives a new deal that few are likely to refuse: share your wealth or risk losing it.

From Taxes to Lotteries, 13 Bills Signed Into Law

President Vladimir Putin on Wednesday signed 13 laws, including amendments to this year's federal budget and the Tax Code, regulations for foreigners serving in the army and the country's first legislation on lotteries.

Chubais Markets Self To 30 Million Clients

With the election season officially under way, the co-chairman of the Union of Right Forces, or SPS, has begun the ambitious task of sending a personally signed letter to 30 million households promising to make life cheaper.

Kasyanov Under Fire From All Sides

Former Prime Minister Yevgeny Primakov and influential lawmaker Vladimir Yudin both took shots at Prime Minister Mikhail Kasyanov on Tuesday, with the latter hinting darkly that Kasyanov may soon be investigated for corruption.

Court to Reopen Norilsk Restructuring Case

The Moscow Region branch of the federal arbitration court on Monday said it had approved a request by the nation's stock market watchdog to re-examine the restructuring of Norilsk Nickel.

EU, Russia to Synchronize Electricity Grids

The European Union and Russia agreed Thursday to move toward full integration of their respective electricity grids, an unprecedented project both sides said could be completed by 2007.

Deputies Tempt Fate With New Lottery Law

If eventually passed, the law on lotteries would be the first in Russia to regulate the luck industry.