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. Last Updated: 07/27/2016

05/13/2002

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CSKA Ends Drought With 2-0 Final Win

CSKA Moscow ended a decade-long wait for a domestic trophy on Sunday, beating Zenit St. Petersburg 2-0 in the Russian Cup final.

Russia Defeated 4-3 in Ice Hockey World Final

Peter Bondra's game winning goal gave Slovakia a 4-3 victory over Russia in Saturday's final and handed the young nation its first Ice Hockey World Championship title.

Gaza Raid Aborted, Church Reopens

Israeli reserve soldiers began returning home Sunday as the army cancelled a planned incursion into the Gaza Strip and worshippers returned to Bethlehem's Church of the Nativity for the first services since the end of a five-week siege of the church.

U.K. Train Crash Was a 'One-off'

The train crash north of London that killed seven people and left more than 70 injured Friday, when the rear carriage of a commuter train careered off the track, appeared to be a one-off accident.

Business in Brief

Soviet Debt Deal MOSCOW (Prime-Tass) -- The government has nearly finished restructuring its multibillion Soviet-era commercial debt and is expected to issue the first Eurobond as part of the restructuring in June, Deputy Finance Minister Sergei Kolotukhin said last week. ""From a technical standpoint, we are close to the completion of swapping the debt into Eurobonds,"" Kolotukhin said. ""We are still looking at starting the swap in June,"" he added. He said at the moment 80 percent of the debt has been settled with creditors and now totals $3 billion. A 200-page document detailing the swap would be ready by the end of this month and would be sent to the creditors as an official proposal for the debt swap, he said. The first Eurobond tranche to be issued will be worth $2 billion. $500M TNK Bond LONDON (Reuters) -- Tyumen Oil Co., or TNK, is planning to launch a $500 million five-year bond this week, once a roadshow of investor presentations is completed, an official at one of the lead managers said Friday.

The Russian Graduate

Jackson-Vanik -- as currently constituted -- no longer addresses these new strains of democratic infringements in Russia today.

Plumbing the ZhEK's Perverse Incentives

In Russia these days, fixing a leaky faucet isn't as simple or as inexpensive as it used to be.

Love and Infatuation at Russia Forum

A tide of hearty enthusiasm for Russia swept through this year's World Russia Forum in Washington.

Editor of Tolyatti Paper Gunned Down

The chief editor of the Tolyatti Review has been gunned down in what law enforcement officials and colleagues say was a contract killing for his newspaper's coverage of official corruption, organized crime and drug trafficking.

Russian Oil Production Soars 8.8%

The nation produced 8.8 percent more crude in the first four months of this year than it did during the same period last year, Interfax reported last week citing the Energy Ministry.

ElcomSoft Faces Landmark Trial in U.S.

A U.S. federal judge has denied final motions to dismiss a lawsuit against a Russian software company accused of violating a controversial U.S. copyright law that defense lawyers argued is unconstitutional.

AT&T Sells Its Stakes in 10 Regional Operators to RTC

AT&T has sold stakes in 10 Russian cellular operators to a company close to Russian telecommunications giant Svyazinvest, putting an end to an expected deal with a U.S. company.

Meat From S. Korea Banned, Imports From Poland Slowed

The Agriculture Ministry has banned the import of meat and animal products from South Korea and restricted the import of meat from Poland.

U.S. Says Russians Plan Nuclear Tests

U.S. government officials have briefed Congress on what they described as disturbing intelligence indicating that Russia is preparing to resume nuclear tests, even as President George W. Bush is scheduled to meet with President Vladimir Putin to discuss arms control later this month.

News in Brief

Baikonur Accident ALMATY, Kazakhstan (AP) -- The roof of an 80-meter-tall hangar at the Baikonur Cosmodrome in Kazakhstan collapsed Sunday, trapping eight workers under the debris, officials said. An eight-man construction brigade was on the roof of a hangar at the cosmodrome -- which Russia uses as its main launch site -- when it caved in, a spokesman for the Kazakh Emergency Situations Committee said. The hangar, which served as a storage facility for a scrapped shuttle program, was cordoned off due to fears that the walls could collapse, and there was no information about the condition of the eight workers, he said. A spokesman for the Russian space agency said it was unlikely any of them had survived. Rescue operations were to begin in the evening. Hanssen Sentenced ALEXANDRIA, Virginia (Reuters) -- An apologetic Robert Hanssen, the disgraced former FBI agent considered one of the most damaging spies in U.S. history, was sentenced Friday to life in prison for selling secrets to Moscow.

Police Probe Slavneft Execs

The economic crime department of the Interior Ministry has opened a criminal investigation into the conduct of two senior executives of state-controlled oil major Slavneft.

Warlord Blamed for Victory Day Blast

Investigators say a Chechen warlord of Dagestani origin may be the mastermind behind the explosion that ripped through a Victory Day parade in Dagestan, killing 42 people.

Hippodrome Puts Bets on President

It wasn't Royal Ascot or the Kentucky Derby, but the Central Moscow Hippodrome opened a new racing season on Sunday with high aspirations.

Press Review

A brief look at the stories making headlines in the Russian-language press
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