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. Last Updated: 07/27/2016

05/25/2001

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Putin Wins Vote to Limit Parties

A bill with the power to wipe out most of the country's political parties and put the remaining few under close government scrutiny was passed in the second reading Thursday.

Russia Tries to Get Off Black List

In a move to take the country off an international money-laundering black list, the Duma has given tentative approval to creating an agency to monitor financial transactions.

Mr. Chubais Goes to Washington

Anatoly Chubais, the head of the country's electricity grid, met with U.S. Vice President Dick Cheney for 45 minutes during an unofficial visit to Washington this week.

The Continuing Class Struggle

It often happens that the most important questions receive the least public attention. The proposed changes to the Labor Code, I think, are a perfect example of this.

Imagine 500,000 Tourists Spending $425 a Day

Editor, I just finished my first trip to St. Petersburg, and it will not be my last. I was incredibly impressed. Russia is the best-kept secret in the travel industry.

Putin Pledges Gold for Flood Victims

President Vladimir Putin on Thursday toured the area Siberia that has been devastated by floods and promised to find federal funds to help rebuild the region's damaged homes.

Saga of a Record-Setting Flood

A look at some of the scenes in and around Yakutsk, as eastern Siberia's worst floods for decades begin to subside.

Graduates Await Last Day With Bells On

Late Friday afternoon Moscow's streets will be filled with crowds of jubilant teenagers, dressed-up, strolling, singing and drinking to mark the end of a decade of schooling.

Sorochan Builds $6M Mountain

An amusement park is taking shape on a towering, man-made mountain 55 kilometers outside of Moscow that will offer waterslides, golf, skiing and ice skating.

Danes Look Forward to Reburial of Tsarina

Distant relatives have expressed new hope that the remains of a Danish-born princess who became the mother of Russia's last tsar will be reburied in St. Petersburg.

Leaders Discuss Central Asian Security

President Vladimir Putin and the leaders of five former Soviet republics gathered Thursday in Armenia to discuss ways to tackle instability in Central Asia and the Caucasus.

Police Arrest Pensioner for Running Hacker Gang

Police have arrested a gang of hackers led by a 63-year-old retiree, who they said was bitter about his small pension and the lack of royalties for his legal programming work.

News in Brief

Europe on RightsThe head of the Council of Europe, the continent's highest human rights monitoring body, pushed Russian officials Thursday to speed up prosecutions for rights violations in Chechnya. Khasanov DetainedPolice said Thursday that they have detained Movladi Khasanov, a Chechen accused of taking part in the execution of four soldiers during the 1994-96 Chechnya war, Interfax reported. Fires Kill 55 DailyMore than 55 people die each day in fires across the country, the Interior Ministry's fire department said Thursday. 18 Inmates FoundAll but two of 20 detainees and prisoners who escaped from two jails in the Leningrad region Monday have been recaptured, police said Thursday.Karpov Feted on 50thChess grandmaster Anatoly Karpov was awarded a medal of honor by President Vladimir Putin and feted Wednesday night at a gala in the Bolshoi Theater marking his 50th birthday. Patrol Reported DeniedGeorgian Interior Minister Kakha Targamadze denied that he had agreed to carry out joint patrols with Russia to hunt for Chechen rebels allegedly hiding in northern Georgia, saying he had only agreed to general cooperation.

Kasyanov in Poland to Push Gas Deal

Prime Minister Mikhail Kasyanov was expected in Warsaw late Thursday for crucial talks on a gas link that would carry fresh Russian supplies to Western Europe.

Gold Dives After Putin Says Russia Might Sell

The price of gold plunged in Europe late Thursday on reports that President Vladimir Putin might dip into gold and diamond reserves to help people in flood-hit eastern Siberia.

Drug Market $560M in Q1

Russia's pharmaceutical market grew to $560 million in the first quarter, up 19 percent over the same period last year, according to the industry monitor Farmexpert.

GAZ Ordered to Replace Lemon

For years, Vladimir Fursov has been devoted to Volgas, but his latest model began disintegrating after only 52,000 kilometers and he's taking carmaker GAZ to court.

Advertising Industry Nears Pre-Crisis Level

Russia's largest advertising agencies showed strong profit growth last year after a rough post-crisis 1999, according to the latest ratings by Advertising Age.

Ministry Orders Telecoms to Pay

In a move approved by the Justice Ministry, the Communications Ministry has essentially levied a new tax on telecoms without parliament's approval.

Business in Brief

Russia, Korea Rail LinkExperts have approved a plan to link the Trans-Siberian and inter-Korea railways and the project needs only a decision by the countries' leaders to become reality, Railways Minister Nikolai Aksyonenko said Thursday. Domodedovo RevampHaving completed its multimillion dollar reconstruction last year, Domodedovo Airport is planning the construction of a separate international terminal, the airport's general director, Sergei Rudakov, said Thursday.Blue Stream RaidTurkish paramilitary police raided the headquarters of state pipeline company Botas on Wednesday and seized documents linked to the Blue Stream gas pipeline from Russia to Turkey, a Botas official said. Alaska Cargo DealEvergreen International Inc. is starting air cargo service in Alaska with a DC-9-33F freighter, and plans to add additional aircraft for Russian Far East passenger-cargo combination flights, said Alaska-based Evergreen officials.Plane-Leasing TendersThe government is planning a tender for the second half of June to find companies to lease Russian-built aircraft, Interfax reported Thursday.'CPI to Hit 18%'The government will have difficulty keeping 2001 consumer price inflation below 18 percent to 20 percent and economic growth this year could slow to between 2 percent and 3 percent, President Vladimir Putin's economic aide said Thursday. Metal Exports DownIron and steel exports fell 5.5 percent year-on-year to $1.43 billion in the first quarter of this year, Interfax reported Thursday. Mosenergo, Siemens JVMoscow region utility Mosenergo and Germany's Siemens are in talks about setting up a joint venture to produce high-voltage equipment, a Siemens official said Thursday. CB Reserves Up $400MThe Central Bank's gold and hard currency reserves rose $400 million to $32.9 billion in the week ending May 18, Interfax reported the bank as saying in a press release Thursday.Retail Sales Up 9%Retail sales in Russia totaled 861.3 billion rubles ($29.5 billion) in the first four months of the year, up 9 percent compared with the same period last year, Interfax reported the State Statistics Committee as saying Wednesday. Norilsk Share IssueMetals major Norilsk Nickel said Thursday its core production unit, Mining and Metals Co. Norilsk Nickel, would start placing a new 135-million share issue in the second half of June. Rail Tariffs to RiseRailway ticket prices are set to rise as the Anti-Monopoly Ministry decided Wednesday to boost rail tariffs by 30 percent starting June 1, Interfax reported.
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