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. Last Updated: 07/27/2016

Russia-U.S. Paper Stops Printing, Blames Taxes

A prominent Russian/American newspaper will suspend publication for two months because of financial difficulties that are, according to its editor, attributable to government policies.

We/My, a fortnightly newspaper which is a joint project of Russia's Izvestia and the U.S. Hearst Corp., will publish its last issue on Wednesday, Alexander Anichkin, the newspaper's acting editor, said Monday. He called the move "a temporary suspension," and said that We/My is looking for a way to relaunch the publication soon.

"The policies of the Chernomyrdin cabinet are responsible for this," said Anichkin in a telephone interview, citing new taxes and import duties levied by the government of Prime Minister Viktor Chernomyrdin in January.

Anichkin complained that the continuing state monopoly of the printing industry had allowed printers to raise costs for distribution and printing to ruinous levels, at the same time, he added, as revenues from advertisers are falling.

He did not provide figures on the changes in production costs.

In January the editors of Moscow's biggest papers threatened a strike over a decree passed by the government that they said would allow printers to raise their costs by 600 percent.

We/My, which has a circulation of 160,000, began publication in February 1992. It appears in Russia and the United States in English and in Russian, with offices in Moscow and Washington. The newspaper contains articles by both Russian and American journalists.