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. Last Updated: 07/27/2016

07/05/2001

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All 145 Dead in Irkutsk Plane Crash

All 145 people on board a Tu-154 plane were killed when it inexplicably turned 180 degrees and fell to the ground Wednesday while on final approach to the Irkutsk airport.

Gazprom Reports a Profit of $10Bln

Gazprom puzzled the market Wednesday, reporting a whopping net profit of $10 billion for 2000.

Tu-154 Called One of the Safest Jets in the Air

Russia's biggest air disaster in a decade — the Tu-154M crash that killed 145 passengers in Siberia on Tuesday — is raising fears about the safety of the country's aircraft.

The Country's a War Zone

Chechnya was close, just behind the steep wooded ridge — but this was not the war in Chechnya.

Making Sense of Manilov

Last week, General Valery Manilov, the main military spokesman on the war in Chechnya, was sacked.

Duma Takes Shot at Governors

The State Duma passed a bill that would limit the number of governors allowed to seek further terms.

Gantamirov Seeks a Chechen Parliament

Bislan Gantamirov has proposed turning Chechnya into a parliamentary republic without a president.

Gazprom to Sell Ekho Moskvy Shares

Gazprom said Wednesday it will sell back a package of shares to Ekho Moskvy radio.

Berezovsky's Life Heads for Screen

Movie director Pavel Lungin is putting together a film loosely based on the life of Boris Berezovsky.

Duma Scolds Putin for Traffic Jams

The State Duma is asking President Putin to abolish the practice of blocking roads for official convoys.

News in Brief

Chechen Village Raid VLADIKAVKAZ, Southern Russia (AP) — Federal forces combed a Chechen village for suspected rebels Wednesday, sending hundreds of civilians fleeing for refugee camps amid reports of summary executions of detainees by troops. The police operation in Sernovodsk, near Chechnya’s border with Ingushetia, began Monday after five police officers died in a car bombing, officials and residents reported. Shortly after the blast, all exits from the village were sealed by police, and federal forces began a search for any men aged 15 to 60. Since Monday, about 500 refugees have fled to an Ingush refugee camp across the border. Spain’s Speaker Visits MOSCOW (AP) — The speaker of the Spanish Senate, Esperanza Aguirre, met in Moscow on Wednesday with Russia’s prime minister, foreign minister and Orthodox Church patriarch, all of whom praised relations between the two countries.

IT Majors Slam Ministry Tender

Sun, Apple and Arsenal claim that the state did not hold a proper tender for new education purchases.

Duma Passes Bill to Fight 'Dirty Money'

The State Duma on Wednesday took a big step toward passing crucial legislation to combat money laundering and help the country avoid potentially humiliating international sanctions. With 237 deputies in favor and 43 against, the Duma passed a bill in a vital second reading aimed at fighting the tide of ""dirty money."" ""This is the first serious step in the fight against dirty money that is passing through Russia … the presence of this law will strengthen our financial system,"" Deputy Prime Minister and Finance Minister Alexei Kudrin said in concluding remarks before the vote. The bill would require banks to report most significant transactions by their clients and demand identification from people wishing to buy stock or foreign currency for cash. Under the bill, banks, insurance companies and other financial institutions would be required to inform authorities about most operations exceeding 600,000 rubles ($20,500).

Berezovsky, Murdoch Buy St. Pete Airwaves

Logovaz News Corp., owned by Boris Berezovsky and Australian media magnate Rupert Murdoch, entered the St. Petersburg radio market with the purchase of radio station Modern.

Rostelecom Seeks to Win Back Investors

Will investors love Rostelecom, former darling of the emerging Russian stock market, ever again?

Court Orders TNK Guards Off Oil Field

A Khanty-Mansiisk court ordered Tyumen Oil Co. guards to leave the premises of a Siberian oil complex.

Kazakhs Wary of Foreign Capital

Since Kazakhstan became independent this sprawling nation of steppes and mountains has made remarkable progress in mastering its economy and attracting foreign investment.

Business in Brief

Norilsk ADR Issue MOSCOW (Reuters) — Metals giant Norilsk Nickel said Wednesday an equity restructuring it plans to execute has already won some foreign investors’ support despite initial worries. The restructuring will see Norilsk shares swapped for shares in its core unit, Mining and Metals Co. Norilsk Nickel, by the end of 2001 with the aim of creating a more efficient corporate and financial structure. Company officials have been on the road over the past two weeks, presenting its launch of Level One American Depositary Receipts into which foreign investors can convert shares to make their participation in the restructuring easier. Norilsk deputy CEO Alexei Zhdanov said that around 4 million ADRs out of the planned 50 million were already being traded over the counter. Foreign investors own around 18 percent of Norilsk. ""The results have somehow surpassed our expectations,"" Zhdanov told a news conference.
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