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. Last Updated: 07/27/2016

04/27/2001

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Ukraine Prime Minister Ousted

Ukraine's parliament voted overwhelmingly Thursday to oust Prime Minister Viktor Yushchenko and his government in a move likely to deepen the country's political crisis.

Kasyanov Promises a 'Different Country'

Prime Minister Mikhail Kasyanov urged the State Duma on Thursday to pass a raft of reform bills that he promised would turn Russia into a ""different country"" by next year.

Scared Refugees Regret Returning Home

Chechen refugees who found safety in Ingushetia are being sent back to Chechnya and settled in Argun, one of the republic's most dangerous towns.

Don't Blame the Laws

If you take the commentators seriously, you might well get the impression that all of Russia's problems are caused by bad laws.

Foreign Students: 'We Want to Live in Peace'

Editor,I was disappointed that The Moscow Times missed the violent incident that took place on April 8 near Aviamotornaya metro station.

Lawmakers Vote to Bar Foreigners From Media

The Duma on Thursday passed a bill in first reading that would limit foreign ownership of Russian media and may force foreign-owned firms to sell out to Russian partners.

An American, a Little Marijuana, a Big Fuss

Is American Fulbright scholar John Tobin a spy in training? Or merely a smart kid who talked himself into trouble?

300 Protest Conflict in Chechnya

About 300 people gathered at Pushkin Square on Thursday evening in a rare protest against the armed conflict in Chechnya.

Chernobyl Haunts 15 Years On

Fifteen years after Chernobyl, people across much of the former Soviet Union lit candles and offered prayers Thursday for those killed and sickened by the disaster.

News in Brief

Emergency Bill PassedLawmakers approved a bill in final reading Thursday that sets rules for introducing a state of emergency.Fewer InmatesFor the first time in nearly a decade the population of the country's overcrowded prisons has dropped to less than 1 million, Deputy Justice Minister Yury Kalinin said Thursday.Autopsies ExaminedJudges in the trial of Colonel Yury Budanov, who is accused of abducting and murdering and an 18-year-old Chechen woman, have called witnesses to assess two conflicting autopsy reports. Bomber Ruled InsaneA Moscow court on Thursday sentenced a man to obligatory psychiatric treatment for planting a bomb near the Federal Security Services headquarters in 1998, Interfax reported. Mubarak Talks PeaceEgyptian President Hosni Mubarak arrived Thursday on the third leg of an international tour aimed at securing deeper involvement by Europe and Russia in the foundering Middle East peace process. 17 Soldiers KilledSeventeen soldiers were killed and 28 wounded in fighting in Chechnya over the past 24 hours, an official said Thursday.

Audit Blasts $880M City Charity Scheme

The city's budgetary watchdog on Thursday blasted the way City Hall conducts its finances and said it should ""improve without delay"" a fraudulent system.

Steel Plants Cut Output as Market, Prices Drop

Russia is on pace to report its first drop in annual steel production since 1998 as a result of global oversupply.

Norilsk's 2000 Profits $1.7Bln

Metals giant Norilsk Nickel said Thursday that net profits rose to 61 billion rubles in 2000 from 31.5 billion rubles in 1999.

Vimpelcom Posts 2000 Losses of $78M

Vimpelcom nearly doubled its losses in 2000, reporting a net loss of $77.8 million after writing off a proportion of its D-AMPS network.

RTS Shares Up on Back of Nasdaq

Russian shares closed up on a flood of short covering induced by gains on the U.S. Nasdaq market Thursday, with blue chips gaining around 4 percent.

Tea Holds Its Own, Coffee Catches Up

Russia's huge tea market is under attack from growing coffee consumption, but industry players say the trend is unlikely to overturn shoppers' traditional preference for tea.

Metro Ad King Arrested

Security forces late Wednesday arrested the man who has a virtual monopoly on the $9 million-a-year metro advertising market and charged him with running a criminal gang.

Putin: Revamp Social Tax System

President Vladimir Putin has ordered a lowering of the threshold at which social security tax begins, local newspapers said Thursday.

Business in Brief

S&P: 2.5% GrowthRating agency Standard & Poor's forecasts 2.5 percent growth in gross domestic product in 2001 and 2002, Prime-Tass reported S&P as saying Thursday.State: 4% GrowthThe Economic Development and Trade Ministry said Thursday that gross domestic product increased 4.2 percent year-on-year in the first quarter of 2001, Interfax reported. IMF: 4% GrowthRussia's economic growth will slow significantly this year as lower oil prices, the global slowdown and the real appreciation of the ruble take their toll, the International Monetary Fund said Thursday. Ministry: Trade BalanceThe Energy Ministry said Thursday that Russia reduced its favorable trade balance for the January to March quarter by 7.6 percent compared with the same period last year to $14.5 billion, Prime-Tass reported. Putin on Rail ReformPresident Vladimir Putin on Thursday said the main goals of railway reform were increased efficiency and effective state regulation of the industry, Prime-Tass reported.Stepashin Touts ClubAudit Chamber head Sergei Stepashin told an investment conference in London on Thursday that he wants to create an informal club to support foreign investors that would allow them to meet with federal and regional authorities, businessmen and bankers, Interfax reported.Irkutskenergo SpatThe Prosecutor General's Office ordered the Irkutsk regional administration to hand the Property Ministry a 15.5 percent stake in the Irkutskenergo utility and strip the company registrar Irkutsk Stock Market Agency of its license, company director Vasily Boiko told Ekho Moskvy radio Thursday.SUAL Ups ProductionThe Siberia-Urals Aluminum holding increased production of primary aluminum by 1 percent to 145,980 tons in the first quarter of this year as compared with the same period last year, Prime-Tass reported the company as saying Thursday. 'Ruble at 30 Per Dollar'The ruble will be traded at around 30 per dollar this year, in line with the budget target, Interfax reported a Central Bank official as saying Thursday.Reserves Up 1.32%Gold and foreign exchange reserves rose by 1.32 percent, or $400 million, in the week to April 20, Prime-Tass reported.

Russia Strides Toward World Cup With 1-0 Win

Russia marched closer to next year's World Cup finals and severely dented Yugoslavia's chances Wednesday with a 1-0 win in Belgrade.
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