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. Last Updated: 07/27/2016

07/06/2001

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Labor Code Gets Rowdy Welcome

The State Duma gave preliminary approval to a new compromise Labor Code that has the support of the Kremlin and the main trade unions. The Communists, though, remain opposed.

Nation Mourns Tu-154 Passengers

With flags raised to half-staff, the nation mourned the deaths of 145 people aboard a Tu-154 jet that crashed a day earlier near the eastern Siberian city of Irkutsk.

Tsereteli Tries for a Statue Fit for a Princess

Controversial sculptor Zurab Tsereteli, whose towering — and some say downright ugly — works have riled many Muscovites for years, has turned to a new subject: Princess Diana.

One Plan for Reform We Don't Need

The Audit Chamber has been the country's only functioning oversight mechanism over the last few years.

Revenge of the Bulls

Local Moscow brokers are again threatened with the twin ravages of sleep-deprivation and liver failure.

Trapped in A Chechnya Dilemma

Last week the Kremlin spin machine worked overtime to celebrate the latest glorious victory in Chechnya.

'No Justifiable Reason' for Yugoslav Federation

As a Yugoslav citizen, I feel compelled to comment on your editorial. The impression is that you haven’t grasped the intricacies that led to the extradition of Milosevic.

5 Ekho Moskvy Editors Quit Over Gazprom

Five deputy editors at Ekho Moskvy radio resigned Thursday in protest of what they called the nationalization of the only privately owned news radio station in the country.

Collins Calls Judicial Reform Top Task

The departing U.S. ambassador to Russia said the Kremlin is sending out mixed messages.

2 Villages Swept for Rebels

Riot police swept into two central Chechen villages on Thursday to search for suspected rebels.

1991 Coup Plotters Praise Putin

Organizers of the failed coup in 1991 against Soviet President Gorbachev defended their actions and said President Vladimir Putin is working to achieve many of their goals.

News in Brief

Foreign Policy Praised BERLIN (Reuters) — German Defense Minister Rudolf Scharping said Thursday that Russia’s foreign policy had grown more stable since Vladimir Putin took over as president from Boris Yeltsin. ""Without any doubt, after Putin’s election Russian foreign and security policy is more accountable, more predictable, more reliable than it was before,"" Scharping told Reuters in a joint interview with the Los Angeles Times. German Foreign Ministry officials say that in his last years in office, Yeltsin was often unfocused and lacked his earlier vitality in diplomatic meetings. Because of frequent illness, Yeltsin rarely appeared in his office during in his final years in power and made few foreign trips. ""My opinion is that Russia is developing a clear political agenda with clear political priorities, and that can be influenced by our activities, by our political approaches and objectives,"" Scharping said.

Nations Strike 'Blood Diamond' Deal

Envoys from 40 nations met in Moscow on Thursday to stem the trade in the so-called ""blood diamonds.""

Disputed Oil Tax Bill Set for Key Duma Vote

The State Duma is scheduled to vote on a law that could bring new definitions within the oil industry.

Telephones Go Dead for Thousands of Companies

Thousands of businesses across Moscow were left floundering this week when their phones went dead.

Market Association Rates Top Brokerages

Moscow brokerages came out on top of an annual rating of the nation's most reliable investment houses.

$5Bln Program Approved for South

The Cabinet approved a program that will pump $5.3 billion into the Southern Federal District.

Alstom Sues Ex-Director For Armed Plant Raid

French-German industrial giant Alstom has filed charges against a former plant director in Yekaterinburg.

Inflation Slows in June, Rises in First Half of Year

An inflation rise reaffirmed analysts' views that price rises were clouding an otherwise positive picture.

Business in Brief

EBRD Invests $2.5M MOSCOW (Reuters) — The European Bank for Reconstruction and Development will invest a total of $2.5 million in the production of Russian sweets and computer components, the bank said Thursday. The EBRD said in a statement it would extend about $1 million to the Advakom firm to produce components for computer networks, including data networking cable, fiber-optic products and data racks. A group of private Swedish investors will provide another $1.3 million, and a further $500,000 will come from Sweden’s state-owned risk capital fund, Swedfund International AB. Russia’s biggest confectionery plant, Krasny Oktyabr, said it had reached a deal with the EBRD and Dutch Rabo Black Earth BV, which manages an EBRD venture fund, on a $1.5 million investment for new equipment to hike wafer output. Krasny Oktyabr said in a statement placed on the information site of Russia’s national brokers association, NAUFOR (www.scrin.
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