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. Last Updated: 07/27/2016


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Rice Confidently Tackles Arms Talks

U.S. National Security Adviser Condoleezza Rice arrived in Moscow to put arms control talks with Russia on a fast track, saying the two sides had overcome their differences.

Gazprom Follows Path Laid By West

Plans to reform Russian gas giant Gazprom will begin in the second half of this year.

Gazprom Proposals in the FSC's Hands

Propasals to liberalize Gazprom shares leave the Federal Securities Comminsion to work out a compromise.

The Nation Where Clothes Are Optional

Anna Badkhen examines the politically correct term 'clothes optional area' in a Russian context.

Duped by a Delayer

There was no treaty. Nor any deal. Putin and Bush's get-together in Genoa turned out to be spin.

O'Neill Comes to Town on Business

U.S. Treasury Secretary Paul O’Neill said Wednesday that it was important that Russia put newly passed economic reforms into practice to reassure companies eager to invest.

Pronin Named Moscow Police Chief

Moscow's new police chief has been named, ending the dispute over who would lead the city's police force.

Court Clarifies Sell-Off Reversals

A Constitutional Court decision has tightened up the Russian privatization process.

News in Brief

News in Brief Kim Travels to Russia VLADIVOSTOK, Far East (AP) — North Korean leader Kim Jong-il is expected to arrive in Vladivostok on Thursday, the local customs service said. A spokeswoman said Wednesday that Kim was scheduled to arrive at the border for customs clearance at 9:30 a.m. The Foreign Ministry, presidential press office and the North Korean Embassy said they had no information on such a trip. Kim is expected to ride the Trans-Siberian railway to Moscow, where he is scheduled to arrive Aug. 4 for a two-day visit, Itar-Tass said. Moiseyev Trial MOSCOW (AP) — A former high-level Russian diplomat on trial on charges of spying for South Korea on Tuesday requested his case be heard by the Supreme Court in protest of the fourth transfer of his case to a new judge, his lawyer said. Valentin Moiseyev was convicted by the Moscow City Court in December 1999. The Supreme Court overturned that conviction in June 2000 and ordered a new trial in the city court.

Chubais-Remezov Battle Moves Into Courtroom

The high-voltage feud between Unified Energy Systems chief Anatoly Chubais and Alexander Remezov took a new twist Wednesday with each side claiming victory.

Transneft Told Not To Carry LUKoil

A Ryazan court has ordered Transneft to stop the transportation of oil produced by LUKoil.

Norilsk Hits Top 5 in List Of Miners

Norilsk Nickel is No. 5 on the""Who Owns Who in Mining"" list of the top 50 non-fuel mining companies.

Ratings Game Gives Regions Confidence

Major rating agencies are rewarding Russian regions for continuing to service their debts.

$572M in Poor-Nation Debt Canceled

Russia is writing off $572 million in debt owed by the world's most heavily indebted poor countries.

Business in Brief

$3M Russia, India Deal MOSCOW (MT) — India and Russia have agreed to build a $3 million nuclear power plant — 13 years after the two countries signed a pact for the project, Agence France Presse reported an official as saying Wednesday. The pact, signed in 1988, was to set up a plant with two 1,000-megawatt units in Kundakulam in southern India’s Tamil Nadu state, but the project ran into trouble with the disintegration of the Soviet Union. The deal was resurrected when former President Boris Yeltsin visited India in 1998. ""We have arrived at the price of the project and fixed a date for the implementation,"" said V.K. Chaturvedi, chairman and managing director of the Nuclear Power Corp. of India Ltd., a state-run firm. The total cost of setting up both the units is estimated at 140 billion rupees ($3 million). Russia will supply the design and 90 percent of the equipment for the plant, and also provide 54 percent of the credit at 4 percent interest. India will have to repay the credit in 14 equal instalments.

Summits Are No Longer Historic Events

For 16 years, carting the leaders of the world's leading industrial nations off to largely ceremonial meetings in some city where the food's good has seemed like a harmless if expensive undertaking. Before a troubled and dismembered Russia was given a seat, these meetings at least enabled the West to present a common face to communism. But the recent meeting in Genoa raises questions about whether it is worth the life of a single demonstrator or the nerves of the Italian policeman who felt driven to shoot him to protect the politically anointed of the Earth from hordes of people who would harm them. The siege of Genoa evoked demonstrations of power not witnessed since the 16th century, when the gr eat admiral-statesman Andrea Doria dominated the city and much of the Mediterranean with less obvious or savage force. A city famous for its pungent salami did its best under trying circumstances. The mayor urged citizens not to hang their underwear out to dry. President George W.

Baltic States Emerge as European Gems

TALLINN, Estonia — It takes just 18 minutes to get here by helicopter from Helsinki, Finland. But only a fool would take a cramped helicopter, say visiting Finns. They pack a fleet of car ferries, stream here by the thousands every day, and have turned the visa-free, 90-minute crossings into an increasingly essential part of their household economies. ""How often do I come here? I think about making the trip every time I need a haircut,"" said Lauri Aalto, a retired teacher. ""The cost difference alone pays for the ferry."" Indeed, the economics are so compelling that, statistically speaking, every one of Finland's 5 million citizens visited Tallinn last year, on the 28 daily roundtrip ferry runs. In the Finnish countryside, feeder buses leave shortly after midnight to get to the ferry terminal for early-morning departures — carrying more than 6 million visitors a year. And why not? Gasoline here is one-third the price in Finland, prescription medicines one-half.

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

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