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. Last Updated: 07/27/2016

08/23/2001

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Only SPS Raises the Flag on Flag Day

Yeltsin turned down an invitation to celebrate the anniversary of his victory over the Communist coup.

U.S.: No Deal and We Scrap ABM Pact

The U.S. plans to withdraw from the ABM Treaty if a compromise is not reached according to negotiators.

Russia Makes It to Little League World Series

Alexei Kobrinets and his teammates are writing a new chapter in Russian sports history as the first team from the region to compete in the Little League World Series.

Stalin Does Not Deserve Stalingrad

Every once in a while the idea of restoring the name Stalingrad to Volgograd starts making the rounds.

Wilson's Words Echo 80 Years Later

What will Russian high school history textbooks say about Russia's Chechnya campaign in 80 years?

Keep Deterrence

The U.S. diplomats in Moscow has been busy this year with frequent visitors to discuss the ABM treaty.

Study: Oil Leaks Spoil Siberian Area

Oil leaking from Western Siberian pipelines has contaminated an area of virgin land seven times larger than Moscow, according to Dutch environmental group IWACO.

Army and Rebels Claim Steep Losses in Chechnya

The military said its forces have wounded Chechen warlord Shamil Basayev, Russia's most wanted man.

Both Sides Agree to Postpone Sklyarov Case

Prosecutors and defense attorneys for Russian Dmitry Sklyarov have agreed to delay an arraignment.

Ukrainian Suspected In Murder

U.S. authorities have found the dead body of a 3-year-old boy, the son of a Ukrainian immigrant.

News in Brief

Mine Blast Toll Hits 7 MOSCOW (Reuters) — A seventh person died Wednesday from injuries suffered in last weekend’s explosion in the southern city of Astrakhan, RIA Novosti reported. Forty-one people are recovering in the hospital from Sunday’s bomb, which went off in a trash can at the entrance to a market, RIA said. One woman is in critical condition, with the condition of four other victims described as ""serious."" Five people died Sunday and two have died since from their injuries. Officials have said the bomb contained up to 300 grams of TNT and was surrounded by metal objects in an attempt to cause as much injury as possible. Investigators have said the bomb could have been planted by Chechen rebels or by a criminal gang engaged in a turf war with rivals. Nazi Slave Payouts MOSCOW (MT) — Payouts to former Nazi slave laborers who live in Russia will begin Aug. 31, Interfax reported Wednesday.

Vimpelcom 'Astounds,' Stock Surges

Vimpelcom posted a profitable quarter for the second time in a row exceeding many analysts' expectations.

Armenia To Repay Debt With Factories

Russia is hammering out a deal with Armenia under which it would forgive Yerevan's post-Soviet debt.

Sibneft Cleared, Berezovsky Out

The Prosecutor General's Office dropped all criminal charges against Sibneft, while rumored shareholder Boris Berezovsky said he has plans to pull out of the oil business.

Russia Plans Eurobond For 2002

Russia is set to return to the international bond market for the first time since the 1998 crash.

6-Jet Deal Lifts Leasing Horizons

Russia's pioneer domestic aircraft leasing company has announced a deal with Far Eastern airline Dalavia.

97% Done, FSC to Fight Norilsk Swap

Norilsk Nickel said Wednesday it was nearing the end of its complicated and contested restructuring.

Business in Brief

$380M Transneft Profit MOSCOW (MT) — Transneft’s net profit in the first half of 2001 totaled 11.235 billion rubles ($380 million), company vice president Sergei Grigoryev told Interfax on Wednesday. The company reported revenues of 32.363 billion rubles in the first six months of the year, with gross profits of 20.393 billion rubles. The company paid 5.949 billion rubles in profit tax. Transneft transported 166.745 million tons of oil through its pipeline system in January to June. Transneft net profit in 2000 amounted to 14 billion rubles, with sales revenue of 45.276 billion rubles and pretax profit of 19.861 billion rubles. All figures were calculated to Russian accounting standards. $690M Gokhran Sales MOSCOW (MT) — Gokhran, the state precious gems and metals reserve, will sell 20.3 billion rubles ($690 million) in gold and diamonds as part of the budget for 2002, passed by the government Tuesday, Interfax reported a Gokhran source as saying Wednesday.

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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