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. Last Updated: 07/27/2016

08/01/2001

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Gunman Seizes Bus With 41 Travelers

Ending a terse 13-hour standoff, commandos swooped down on a hijacked bus in southern Russia on Tuesday night, killing one a gunmen who had held 41 passengers hostage.

Learning to Make Oodles of Rudols

On the shores of the Istra reservoir some 200 children are living as citizens of a new society.

Gazprom Takes PwC Audit to Heart

Gazprom's board of directors moved to tighten up activities after reviewing an independent audit.

The New Populists

For a student of Russian history, the anti-globalist movement presents a serious intellectual challenge.

The State Is Ready to Help Business

Last week the government finally got involved in the war for the Karabashmed company.

Tatarstan City Fights Outbreak of Cholera

Five ponds at the edge of the Tatarstan capital Kazan were destroyed in a bid to halt a cholera outbreak.

Kim Swaps His Train For a Volvo In Omsk

North Korean leader Kim Jong-il arrived in the Western Siberian city of Omsk for his first stopover.

New Doctrine Seeks to Restore Prowess of the Navy

President Putin has approved a new naval doctrine designed to reassert Russia as a maritime power.

A Point and a Click to Say 'I Do'

The free service is not legally binding, but ""plenty of fun and not too much responsibility,"" says Olga Melnik, the editor of the Palace of Virtual Weddings.

News in Brief

Market Vendor Clash ROSTOV-ON-DON, Southern Russia (AP) — Twenty people were injured Tuesday in a clash between police and vendors at an outdoor market in Makhachkala, Dagestan, who were protesting an official order to move their stalls to a new location. The city administration had ordered that the city’s main market be moved from the center of the city to the outskirts. Authorities said the crowds and the noise from the market disturbed the neighborhood. On Tuesday, police and troops arrived at the market, ordering vendors to move to the new location. Vendors protested, and a fight broke out, said a spokesman for the North Caucasus branch of the Emergency Situations Ministry, Alexander Lemeshev. Ten vendors and 10 police troops were hospitalized with injuries, Lemeshev said. Several vendors who took part in the protest were detained, but their number was not immediately known. Police took over the market and closed it down.

Bank Holdup Hits Caspian Oil

The circumstances surrounding the delay in the Caspian pipeline opening could set a dangerous precedent.

CPC to Meet in Moscow Friday In Effort to Resolve Final Snags

Oil major Chevron said it hoped a decision would be made to a formally open the Caspian pipeline project.

Russia Modernizes French Fighter Jet in Pilot Project

The MiG corporation and Rosoboronexport are to overhaul French-made jet fighters for South Africa.

New Forex Rules Not Seen Hurting Reserves

The reduction in exchange obligations is not expected to have a major impact on the forex market.

Disegni Chief Flees to France

The offices of El Dorado Group, which controls the Disegni clothing chain, were sealed up last week.

Business in Brief

$34Bln Owed MOSCOW (MT) — Tax Minister Gennady Bukayev on Tuesday said Russian enterprises owe 1 trillion rubles ($34 billion) in back taxes, Prime-Tass reported. Bukayev told Rossiiskaya Gazeta newspaper the ministry would reschedule the debts of some enterprises, but would ""not hesitate to remove bad debtors from the market."" ""Today the government proposes to live according to the rules and provide these [tax delinquents] with one last opportunity to repay their debts,"" Bukayev said. ""We will do everything to eliminate a bad debtor from the market forever,"" he was quoted as saying. Less Bread MOSCOW (Vedomosti) — Russia’s bread production in the first half of the year was 5 percent less than in the same period last year, according to the State Statistics Committee. Meat and dairy production, however, was up 7.3 percent than in that same period. ""Now the well-being of the population is increasing.

Safin Gives Up, Limps From Court

Defending champion Marat Safin was booed off court after quitting with an injury when trailing Frenchman Nicolas Escude in the first round of the Montreal Masters on Monday.
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