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. Last Updated: 07/27/2016


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UES Set To Lose Some of Its Power

The nation's top producers and consumers of electricity are drafting a plan to ease UES' monopoly.

If Lukashenko Wins, They Will Leave

Armies of well-educated young people are leaving Belarus.

Sharon's Visit Sets Putin in Motion

Russian leaders spoke with Israeli, Palestinian, Egyptian and Italian leaders in Mideast crisis talks.

No Reason For Another Milosevich

Belarussian President Alexander Lukashenko is an embarassment and a liability for Russia.

Banging Fists Against City Hall's Walls

Mayor Yury Luzhkov this summer banned two shows that would have changed Moscow.

Patron or Client State?

This presence Israeli and Iranian politicians in Moscow could have been a triumph for foreign policy.

Residents Fear Kursk Radiation

Many are sending their families away to escape the radiation they fear from the Kursk submarine.

Report Faults Ministry for Lensk Floods

The Emergency Situations Ministry is at odds with local authorities over the cause of spring's floods.

Italian Faces Belarus Espionage Charges

The Belarusian KGB has charged the Italian director of a company operating in Belarus with espionage.

News in Brief

Iran Nuclear Aid WASHINGTON (Reuters) ? Russian companies continue to help Iran develop nuclear, chemical and biological weapons, in some cases by allowing Russian scientists to go to Iran, a senior U.S. official said Wednesday. ""We still see evidence that Russian enterprises are helping Iran develop the expertise to produce WMD [weapons of mass destruction],"" said the official, who asked not to be named. Asked what category of weapons he was talking about, he said Russian assistance covered all three. ""But maybe nuclear tops the list."" The official said he did not think any new U.S. sanctions were under consideration. He also said the United States believes the Russian government is aware of the assistance to Iran, but he did not say the government approved of it. ""We think that the Russians need to confront this contradiction in their own policy. On the one hand they say that they are against proliferation ? but the continuing pattern of activity can?t be unknown to the Russian special services,"" he said.

Stronger FEC Ready to Raise Tariffs

The FEC is ready to lift energy prices -- a move that may have wide-ranging effects on the whole economy.

Reiman: Foreigners Welcome

Foreign ownership in telecoms companies will not be limited according to the Communications Minister.

DeltaCredit to Buy Local J.P. Morgan Bank

The new entity is to be known as CB DeltaCredit and is to continue specializing in mortgage lending.

CB Official: Go Slow on Reforms

A Central Bank official said that any reforms of the banking system would be a gradual process.

China to Ink Deal for 5 Tu-204-120s

China is expected to sign a deal Saturday to buy five Tu-204-120 aircraft in a deal that could be worth up to $160 million, a senior Russian aerospace official said Wednesday.

Top Alfa Bank Workers Defect to Rival MDM

Alfa Bank's vice president has moved over to MDM Bank, another poach by MDM of its rival's senior staff.

Business in Brief

LUKoil's $690M Profit MOSCOW (Reuters) -- Top Russian oil producer LUKoil said Wednesday it made a net profit of $690 million under internationally accepted accounting standards in the first quarter of 2001, beating analysts' expectations. The company said in a statement that earnings per share under Generally Accepted Accounting Principles were $0.87 for the three months, while earnings before interest, depreciation and amortization were $1.092 billion. Pretax profits totaled $842 million on net revenues of $3.563 billion. The results were unaudited, and LUKoil gave no comparative figures for the first quarter of last year. It is producing quarterly GAAP results for the first time in 2001. Its net profit for the whole of 2000 totaled $3.3 billion. LUKoil is to offer 16.6 million ordinary shares through a public offering on Thursday, but analysts said affiliated companies would be able to buy.

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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