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. Last Updated: 07/27/2016

07/11/2001

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Court Sends Budanov to Moscow

A military court has decided to send Colonel Yury Budanov to Moscow for further psychiatric evaluation.

Kazantsev Apologizes For Troop Behavior

Chechen officials who protested the federal ""cleansing"" operations last week have had quite a time.

Gazprom Offers Ekho Moskvy to Nemtsov

Gazprom-Media CEO Alfred Kokh offered Boris Nemtsov a stake in Ekho Moskvy radio on Tuesday.

High Air Quality

Aviation safety is a matter of quality, last week’s plane crash in Siberia showed a gap in quality.

Why Does Russia Need Vertical Integration?

In 1916, Lenin bestowed upon mankind his work entitled ""Imperialism, the Highest Stage of Capitalism.""

Investigators Recount Tu-154's Last Seconds

Deputy Prime Minister Ilya Klebanov said pilot error was to blame for the crash July 3 in Siberia.

Bringing the Internet to the Masses

Claiming to be the largest Internet cafe in Eastern Europe, the 300-terminal Cafemax complex yesterday announced its opening and its plans to bring the Internet to the masses.

Trial for Moscow Bombings Starts

Five men went on trial on Tuesday in connection with two Moscow bombings that killed over 200 people.

Ukraine Reporter Beaten to Death

TOR television head Igor Alexandrov was killed in eastern Ukraine July 3 by unidentified assailants after broadcasting exposes on organized crime within the region.

News in Brief

St. Pete Probe MOSCOW (MT) — Prosecutors have arraigned a St. Petersburg’s deputy governor on charges of large-scale bribe-taking, Interfax reported Tuesday. Valery Malyshev was charged last Friday, according to the report, which cited the Prosecutor General’s Office for the Northwestern Federal District. Prosecutors have searched Malyshev’s home and dacha and confiscated unspecified property, Interfax said. Investigators declined to elaborate on the case. Malyshev has not been jailed, but is not allowed to travel, according to Interfax. Governor Vladimir Yakovlev’s office said it was interested in seeing the investigation proceed as quickly as possible and would fully cooperate with investigators.

Audit: Itera-Gazprom Ties Not Illegal

The State Audit Chamber said its investigation of the Itera-Gazprom relationship uncovered no violations.

Yukos Bid For Key Refinery Put on Ice

Lithuania's parliament has delayed debates regarding ownership of key refiner Mazheikiu Nafta.

RusAl Linked to Aeroflot Buy Despite Denial

Russian Aluminum is wearing a new corporate face but is having trouble shaking its old reputation.

Alrosa Eyes $600M in Eurobonds

Diamond producer Alrosa plans to raise $600 million in capital from external sources from 2001 to 2005.

Aeroflot Reports IAS Profits in the Black

Aeroflot said its 2000 net profit calculated under International Accounting Standards was $8.6 million.

Business in Brief

Ruble Keeps Sliding MOSCOW (Reuters) — The ruble slipped further against the dollar on Tuesday, hitting another record low, but dealers said selling was weaker than previously and that Central Bank intervention had helped the currency. The ruble’s weighted average for today settlement fell to 29.2336 per dollar in a unified session of eight exchanges after 29.2168 per dollar on Monday. Based as usual on the results of the unified session, the Central Bank cut its official next-day rate to 29.23 per dollar after 29.22 rubles per dollar on Monday. The ruble had sunk 5 kopeks Monday, meaning market participants had satisfied their desire for dollars, leading to the weaker ruble pressure Tuesday. Dealers said the Monday ruble fall was due to the Central Bank’s desire to let the currency find a new level.

Tibetans Step Up Pressure for Beijing 'No' Vote

Tibetan and Russian activists called on the International Olympic Committee to reject the bid from the Chinese capital, Beijing to host the 2008 Olympic Games.

IOC Says Media Passes Missing

Olympic officials recalled all media passes for Friday's vote on the venue for the 2008 Summer Games.
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