Install

Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

A brief look at the stories making headlines in the Russian-language press




VEDOMOSTI


Not long before a session of the Association on the Protection of Investors' Rights, Anatoly Chubais, head of the national power grid Unified Energy Systems unexpectedly stated that the UES leadership is willing to agree with several serious objections of the company's minority shareholders. The story comments on his statement.


The government has no intention to struggle against amendments State Duma deputies have introduced to the tax reform. Thus the Cabinet has no objections if enterprises will pay for another year 1 percent of the turnover tax on road users and will not insist on a revision of excise rates.


The Soviet-era trade marks may soon cease to be the topics of disputes between private companies: the fact is that state authorities decided to eliminate them, which has shocked producers of goods with these marks.


Will the idea of "round-table discussions" between authorities and big business be effectively realized? Three experts share their views on the issue.


Mikhail Delyagin, Director of the Institute of Globalization Problems, tries to answer the following question: Does Russia have the chance to become an equal member of the G-8 Club?


The story reports on how the International Space Station is being turned into normal living quarters: Wednesday the Proton-K rocket delivered to the orbit several living rooms for cosmonauts, three shower cabins, a gym, a kitchen with a fridge and a dining-table. The service module "Zvezda," with these things mentioned above, can exist in orbit independently without the ISS.


The Moscow budget will have to part with revenues from Gazprom. Today the tax on the company's whole property, even if it's in the Yamal-Nenets Area, goes to the city budget. But soon, as the government proposed to the Duma, the tax will be divided among regions where this gas company is working.


The recent commentaries on the General Staff's attack on the strategic rocket force, which has lost its independent status, reveal the GS plans, which Defense Minister Igor Sergeyev dislikes. The story looks at his viewpoint.


The Conciliatory Commission comprised of representatives from the State Duma, the Federation Council and the Kremlin administration, is expected to finish today its work over amendments to the presidents draft bill on reforming the upper house of parliament. The story looks at several results.


VEDOMOSTI. COMPANIES AND MARKETS.


Russia is successfully developing a new business -- ostrich breeding, which began four years ago when several poultry farms managed to bring home two or three such exotic birds. Today their number has exceeded 1,000 and the number of farms, 30.


The Finance Ministry jointly with the Central Bank are discussing the possibility of liberalizing the market of state bonds. It's supposed that those investors whose money has been staying in Russia since August 1998 will receive the possibility to convert their means into hard currency and withdraw them.


The South African company "De Beers" has quit its monopolistic control over the raw diamonds market. At its meeting, its specially selected clients - dealers and jewelers - the company presented a new strategy. The story reveals its essence.


The "Rosinvestneft" Group of companies is selling out assets, which it bought at the start of the year from SIDANKO. It's not excluded that YUKOS may buy a package of stock of "Rusia Petroleum," an operator of the Kovykta gas deposit.


The Siberian-Ural Aluminum Company has developed an unusual move in the struggle to return control over the Novosibirsk electrode plant, a domestic monopoly in making electrodes used in the production of aluminum. The story features the move.


The controlling stake of AvtoVAZ may be placed on auction if the company loses the court trial on results of tax checks, since it's unable to return to the budget an additional 12 billion rubles.


The Taganrog Metal Plant, a leading domestic pipe-maker, has announced its intention to release 50 million rubles worth of bonds. The story comments on the measure.


The St. Petersburg hard currency exchange late in August is expected to launch trading in urgent contracts. The story says how expedient the measure is.


The British bank Barclays is the first big bank to levy high interest rates on credits from those private clients, who in the past were either late with payments or amassed big debts.


The story looks at new hi-tech exhibits which Rosvooruzheniye is demonstrating at the arms exhibition in Nizhny Tagil.


America Online has agreed to use a software developed by RealNetworks in the AOL network. The story features the project.


SEGODNYA


The commentary is given regarding State Duma SPS faction leader Boris Nemtsov's proposal to President Vladimir Putin on Thursday to hold regular monthly round table discussions with oligarchs in pursuit of defusing tensions between the authorities and the business community. The president approved the proposal and ordered that his administration prepare the first meeting. The story also reports on how business representatives regard the proposal. Also covered in Kommersant Daily and Vremya Novostei.


The Audit Chamber on Thursday named a series of illegal privatization deals by the national power grid, Unified Energy Systems, and submitted a corresponding letter to the Prosecutor General's Office. The Audit Chamber expects the general reaction of the letter to be "extremely tough". The story concludes saying that they have accused UES head Anatoly Chubais of not only embezzling but of robbing ordinary Russians in favor of Western money-bags. Also covered in Kommersant Daily, Izvestia, Vremya Novostei and Vremya MN.


When asked whether or not the president's personal control helps boost an effective investigation in criminal cases, 1,162 respondents of 1,383 respondents to a telephone opinion poll Thursday answered negative.


The story examines results of the Conciliatory Commission's efforts to reach a compromise in their approaches to the presidential draft bill on reforming the Federation Council. Also covered in Kommersant Daily, Izvestia, Vremya MN, Vremya Novostei, and Noviye Izvestia.


The government has created a special draft bill, which alters the taxation procedure of Gazprom. According to the document, the gas corporation will have to pay property taxes, not only to Moscow where its head office is located, but also to the other regions where they have their enterprises. The story examines the bill.


The public performance of songs in Russian has been forbidden in Lvov starting July 13. City Council secretary Vasily Bilous signed on Thursday special decree. The story comments on the measures.


The remains of great martyr Panteleimon, one of the most worshipped martyrs of Orthodox Christians, known in Russia as the Panteleimon healer, arrived in Moscow Thursday from St. Petersburg. The story describes the event.


Unidentified gangsters in the early hours of Wednesday killed Father Igor Chekharin, 38, senior priest in the church of the Most Gracious Spas in Kuskovo. The story describes how it happened. Also covered in Kommersant Daily.


FIFA president has proposed to the Executive Committee of the International Football Federation to discuss on August 3 a new system of selecting venues for holding future world championships. The story reveals the essence of his initiative.


The Sakhalin Regional Duma on Thursday unanimously passed a draft bill on compulsory treatment of tuberculosis. The story explains the expediency of the legislation, saying that the number of TB patients in the region has drastically increased lately.


Political scientist Andrei Zagorodnikov examines the essence of President Vladimir Putin's state power reform, trying to explain why the president is in a hurry to conduct it.


State Duma speaker Gennady Seleznyov has confirmed that he will head the newly-born movement Rossiya, an organization of a "new type". Rumor has it that the movementwas initiated by the Kremlin with the strategic aim to replace the partially loyal Gennady Zyuganov by the wholly loyal Seleznyov. The story comments on the emergence of the movement.


SKP-KPSS leader Oleg Shenin on Saturday will get together in Yasenevo, a suburb of Moscow comprised of approximately 110 Russian and about 40 Belarussian Communists, in order to found a united party of the Russia-Belarus Union, SoBeRus. The story comments the forthcoming event. Also covered in Kommersant Daily.


The government at its session on Thursday outlined its final stand on the tax reform, which may be divided into three parts. The story examines them in detail. Also covered in Kommersant Daily.


In an interview Alexander Zhukov, head of the State Duma Budget Committee, speaks about possible serious problems of the Tax Code in the Federation Council.


Moscow bandits on Wednesday attacked a Chinese businessman east of the capital and robbed him of $40,000. The story describes how it happened.


KOMMERSANT DAILY


The first money designed for paying out pensions and allowances arrived in Chechnya on Thursday. Vladimir Putin ordered that the republic's bank accounts be unfrozen. But, the story notes, the most interesting thing is that the Chechen administration will control the arriving finances.


President Vladimir Putin is expected Friday to visit UralExpoArms 2000 in Nizhny Tagil. The story describes what the exhibition organizers have prepared for him.


The Moscow City Duma on Thursday introduced amendments to the Law on the Budget of Moscow in 2000. The story examines several factors that have caused the new measures.


Chechen field commander Turpal Atgeriyev has applied to Chechen administration leader Akhmad Kadyrov with a request to save the lives of his 200 rebels if they surrender. The story reflects on what circumstances might urge Atgeriyev's appeal.


The Roman police on Thursday detained Kazakhstan's former Prime Minister Akezhan Kazhegeldin. The story notes that if a trial takes place in Rome, this may seriously affect the political careers of Kazakhstan's high-level state officials.


Valery Manilov, first deputy chief of the General Staff of the Armed Forces, stated on Thursday that the General Staff decided to create two military groups in the south-west and south-east, which will consist of formations and units of permanent combat alert. The story reveals the essence of the decision.


The supreme insurance bureaucrat, Ilya Lomakin-Rumayntsev, head of the Finance Ministry's Insurance Surveillance Department, has tendered his resignation under the pressure of Finance Minister Alexei Kudrin. The story explains their complicated relations. In an interview Lomakin-Rumyantsev says why he has resigned.


The Video International Group company on Thursday presented its new project, Internet-Agency IVI. The story looks at its goals.


Agriculture Minister Alexei Gordeyev on Tuesday was elected chairman of the Board of Directors of Rosselkhozbank. This appointment, notes the story, markedly raises the status of the bank.


At the New York session of the Council on International Relations Thursday, the head of the US Federal Reserve System stated that the international financial crisis is inevitable and that bankers should immediately think about how to protect themselves from financial upheavals. The story comments on his statement.


The Museum of Furniture has appeared in Moscow. It was founded by the Moscow government, the Monument Protection Board and the Smirvald furniture firm. The story describes the event.