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. Last Updated: 07/27/2016

Press Review

Vedomosti. Companies and Markets
Rossiiskaya Gazeta
Noviye Izvestia
Komsomolskaya Pravda
Moskovsky Komsomolets


In an interview in his residence -- which is presently blockaded by Israeli tanks in Ramallah -- Palestinian leader Yasser Arafat stated that he is in part willing to view U.S. President George W. Bush's peace plan for further negotiations on a Middle East settlement. Political analyst Gennady Charodeyev comments on Arafat's statement. (1,2, Kommersant Daily, 10, Noviye Izvestia, 3, Krasnaya Zvezda, 3)

The Moscow Regional Military court Wednesday acquitted all six defendants accused of organizing the murder of Moskovsky Komsomolets journalist Dmitry Kholodov. Public prosecutor Irina Alyoshina stated that she disagrees with the verdict that -- as she stressed -- is to be contested. A story comments on the court decision. Commentary by Moskovsky Komsomolets Editor-in-Chief Pavel Gusev. (1, Kommersant, 1,6, Gazeta, 1,4, Vremya MN, 2, Vremya Novostei, 1, Nezavisimaya Gazeta, 9, Rossiiskaya Gazeta, 1, Krasnaya Zvezda, 1, Trud, 4, Komsomolskaya Pravda, 2, MK, 1)

In an interview former chief of Paratrooper Intelligence Headquarters Colonel Pavel Popovskikh, who was acquitted in the murder trial of Moskovsky Komsomolets journalist Dmitry Kholodov, stated that he counted on a not guilty verdict. He also commented on public prosecutor Irina Alyoshina's statement that the verdict will be contested. (1)

Chairman of the Chamber of Industry and Commerce Yevgeny Primakov summed up the results of his negotiations with Belarussian President Alexander Lukashenko after spending time at his residence. A story examines them in detail. (1, Nezavisimaya Gazeta, 1)

Prime Minister Mikhail Kasyanov supports the Defense Ministry's draft program to transfer the 76th Pskov paratrooper division to a partial contract system. The document with the title "The Federal Program" on Sept 1, 2002 will be the start to an experiment aimed at studying the possibility of transferring the whole army to such a system. A story examines the ministry's draft document. (2, Kommersant, 4)

The Ekho Moskvy Radio Station shareholders will get together on Saturday June 29 for an annual meeting to elect a new Board of Directors. The preliminary decision was that its major shareholders -- Gazprom-Media (52 percent of stock) and the journalists working there (34 percent) -- will have no control in the Board. One independent candidate economist Yevgeny Yasin, a science leader in the Higher School of Economics, will get a seat in the Board. A decision is to be made soon on selling part of Gazprom's package of stock of Ekho. In an interview Ekho Editor-in-Chief Alexei Venediktov talks about what he expects from the meeting. (2)

Documents on the Cadbury Schweppes (Britain) company's purchase of the Novgorod Dirol Chewing Gum Plant owned by Dandy A/S (Denmark) will be signed in a couple of days in Veliky Novgorod. A story explains why Cadburry is in a hurry to strike the deal. (2)

The Cabinet today will continue to discuss the medium-term forecast of the country's social and economic development. Deputy Prime Minister Alexei Kudrin will present a list of the government's priority tasks for 2003-2005 as well as budget priorities. A story examines Kudrin's program. (2, Vremya Novostei, 2)

The First International Festival of Shamans will open today on Olkhon Island (Irkutsk region). A story describes the event, its program and participants. (2)

Anatoly Bykov's lawyer Genrikh Padva on Wednesday lodged an appeal in the Moscow City Court demanding the full acquital of his client. Brief. (3, Gazeta, 5,)

The Moscow City Court on Wednesday declared former KGB General Oleg Kalugin guilty of state treason and sentenced him to 15 years in prison. Brief. (3, Kommersant, 5, Gazeta, 1,3, Rossiiskaya Gazeta, 2, Vremya Novostei, 1,3)

Audit Chamber head Sergei Stepashin spoke in the Federation Council on Wednesday about the results of his agency's work in 2001. During numerous check-ups his agency has found 14 billion rubles spent on things other than the planned purposes. Only 3 billion rubles of this money has been returned to the budget. (3, Kommersant, 2, Vremya Novostei, 2, Vremya MN, 1)

Moscow metro head Dmitry Gayev spoke about new metro lines and about the metro's problems at a news conference on Wednesday. (3, Vremya Novostei, 2, Gazeta, 7)

A draft bill on introducing amendments to the Criminal Code has been submitted to the State Duma. The long-awaited document will help protect children from pedophiles. A story examines the major amendments. (4)

Inkasbank (St. Petersburg) shareholders will today hold a meeting. This will be the first one after the IST Group sold the bank's controlling stake to companies close to MDM-Bank in April. In an interview Inkasbank Management Board head Viktor Piternov speaks about his bank and consequences for it after the deal. (4)

Domestic leading industrial assets in the late 1990s were privatized and merged into financial-industrial groups that will largely determine the course of reforms and boosting the economy. What is important here is the appearance of efficient players on regional markets who are able to resolve acute economic problems. A story offers an example of such a financial-industrial group -- the Siberian-Urals Energy Company Baikal-Ugol -- with its effective profit making business on the coal markets of Eastern Siberia and the Far East. (4)

LUKoil head Vagit Alekperov reflects on the key role of the Russian raw material complex in the world economy that determines the objective need for the domestic oil and other raw material companies to buy related assets abroad. (5)

WorldCom, America's second largest telecommunications company, has caused the world financial markets to fall through the revelation that it has concealed spending worth $4 billion in its accounting statements. Analysts have called it the largest trickery in the history of the corporate America. (6, Kommersant, 17, Vremya Novostei, 1,4, Gazeta, 8)

OPEC at a session in Vienna on Wednesday decided to leave oil extraction unchanged. A story comments on its decisions. (6, Kommersant, 13, Vremya MN, 1, Gazeta, 9)

The Sibur shareholders on Wednesday elected a new Board of Directors with Gazprom deputy head Alexander Ryazanov as its Chairman. A story describes the meeting and its decisions. (6, Kommersant, 16, Vremya Novostei, 5, Gazeta, 9)

The State Duma on Wednesday passed (in the first reading) a government package of draft bills on reforming the railways -- despite deputies' disagreement on several controversial provisions in the draft. A story looks at some the problems. (6, Gazeta, 8)

The annual meeting of the Obyedinyonniye Mashinostroitelniye Zavody (OMZ) shareholders meeting on Wednesday elected quite a few (four of the seven seats) independent candidates -- foreign managers -- to its Board of Directors as earlier promised by OMZ head Kakha Bendukidze. A story comments on this decision. (6)

The shareholders of the Arkhangelsk Pulp and Paper Combine on Wednesday held an annual meeting that endorsed the decision of the company's Board of Directors on the drafting of several new investment projects. A story examines three of them. (6)

A story offers a political portrait of Boris Gromov, governor of the Moscow Region, who very often see one and the same dream. (7)

The Izvestia Supplement is devoted to Azerbaijan that in the next several months intends to adopt fundamental documents on regional economic development. (9, 10)


A story describes an anti-globalists' demonstration in Calgary 150 kilometers from the Kananaskis, the city that hosts the G-8 summit. Those demonstrators (about 300 in number) were referred to as disgusting. (1,3, Noviye Izvestia, 3)

Prime Minister Mikhail Kasyanov on Wednesday visited the KamAZ automobile plant in Naberezhniye Chelny. His visit is significant because the government is drafting protectionist measures aimed against Belarussian auto-producers. (2)

A story describes yesterday's developments at the G-8 summit in Kananaskis and a program for today. (3, Vremya MN, 6)

In what way can Russia help Africa? Twelve policymakers, State Duma deputies and public figures share their views on the issue. (3)

Nizhny Novgorod notorious entrepreneur Andrei Klimentyev on Wednesday announced his intention to take part in the Nizhny Novgorod mayoral elections that are scheduled for Sept. 15. A story looks at his chances. (4)

The heavy strategic nuclear submarine "Dmitry Donskoi" that was built at the Severny Machine-Building Plant in Severodvinsk was presented at a festive ceremony on Wednesday. Defense Minister Sergei Ivanov was in attendance. (4)

World-renown musician Mstislav Rostropovich on Wednesday became an honorary member of the Board of Guardians of the Moscow Interior Department. A story comments on his decision, describing this agency, its activities, members and sponsors. (7)

First Deputy Economic Development Minister Mikhail Dmitriyev stated on Wednesday that the government will submit a draft bill to the State Duma this fall on reforming the domestic health system. Its authors have proposed creating another monopoly -- the Fund of Obligatory Medical Insurance. A story reveals its essence. (7)

At a regular session in the Health Ministry of the Inter-Departmental Commission responsible for a national medical examination of children, its members made public the first results of an examination that was conducted within the framework of the State 3-Year Program "Healthy Children." A story looks at its sad results. (7)

Writer Vladimir Sorokin with his latest novel "The Blue Fat" and his publishers could be accused of spreading pornographic literature. A story looks at the conflict. (7)

Italy's Defense Minister Antonio Martino made a sensational statement on Wednesday that a considerable terrorist act will be committed in the West with the use of bacteriological weapons. A story examines its aim. (9)

OSCE Chairman Antonio Martins da Cruz, Portugal's Foreign Minister, is expected to arrive in Moscow today. Photo caption. (12)

The American Cato Institute and the Canadian Fraser Institute on Wednesday made public the World Rating of economic Freedom. Hong Kong occupied first place and Russia 36th place. A story looks at the rating. (13)

The Innatour company, a leading domestic tourism operator, will today announce the creation of its own network of tourist agencies. A story looks at experts' assessment. (13)


A story explains why the "Bolshevik" confectionery factory was raided five times over the past four months. (A1)

An $3.8 billion error in an accounting report of the American WorldCom telecommunications company has caused real panic on the stock markets of the world. (A1)

Former STS Director-General Roman Petrenko -- who left the channel due to differences with shareholders -- has taken up a job in Gazprom-Media. He will become head of the TNT channel and Gazprom-Media Deputy Director-General for marketing. (A1)

According to the results of a poll conducted recently by the Public Opinion Fund, 46 percent of Russians would vote for Putin if the presidential elections took place this Sunday. The story offers other figures on other candidates. (A1)

In an interview LUKoil head Vagit Alekperov answers the following questions: What are the aims of your company's restructuring? Why are you conducting it now? Will restructuring touch on your subsidiaries? Will you cut your personnel? What is the debt of the Moscow oil refinery to LUKoil?

When visiting the KamAZ automobile plant in Naberezhniye Chelny on Wednesday, Prime Minister Mikhail Kasyanov stated that the government will raise duties on foreign cars only if the automobile industry materially backs intentions to modernize production procedures. (A3)

Head of the Economic Board of the presidential administration Anton Danilov-Danilyan has followed the Finance Ministry's example and come out against the Economic Development Ministry's draft bill on special economic zones. A story looks at several reasons. (A3)

Starting on July 1 steel rolling prices will skyrocket by 20 percent. A story comments on the measure. (A4)

The State Duma intends to consider (in the second reading) a draft bill concerning small businesses. A story examines what small businesses will gain from the bill. (A4)

According to the Cato Institute's international rating on economic independence, Russia is so far not free from an economic point of view. A story looks at the rating. (A5)

Vedomosti. Companies and Markets

This year has every chance of setting a record in the number of companies that exist, the ratings of which have fallen to a very low level. It's ever more difficult for companies today to service and refinance their debts due to the weak state of the economy and capital markets. (B1)

Sibur Holding hopes to sign an amicable agreement next week with the creditors of the parent company Gazprom to restructure its debt before the banks for 5 years. Bankers, however, dislike Sibur's scheme -- insisting that Gazprom guarantees paying out of debts. (B1)

The Industry and Science Ministry is to explain to the government next week just how the preliminarily approved program of boosting the timber and forestry sector is to be implemented. A story looks at the first measure selected by the ministry. (B1)

The minority shareholders of Onako and Orenburgneft have declared war on these companies. The new leaders' dividend policy does not suit the shareholders. (B2)

The recently declared consolidation of UGMK assets may stop. Former MFK employee Oleg Dyachenko has promised to come out against this process if UGMK does not buy out a package of stock of the Sibkabel plant in Tomsk that also wishes to become part of the holding. (B2)

Sibur would like to get rid of one of its most extravagant purchases. Sibur President stated Wednesday that the petrochemical holding is in talks over the concession to the state of a controlling stake in Kurganmash zavod, a leading domestic producers of armored machinery. (B2)

The State Duma could today cross out the plan of a blitz seizure of Vneshtorgbank (VTB) by the government. Deputies are inclined to foil the amendment to the budget, envisaging a release of the Finance Ministry's bonds and buying out VTB shares from the Central Bank. (B3)

Gazprombank plans to release five-year eurobonds worth 200 million euros before September of this year. This was stated by Bank Management Board head Yury Lvov. (B3)

How does the American Andersen Group hope to expand its business in Moscow? (B5)

Rossiiskaya Gazeta

First Lady Lyudmila Putin together with Education Minister Vladimir Filippov took part in a Rossiiskaya Gazeta round-table discussion devoted to the present state and fate of the Russian language. In an interview she shares her viewpoint on several positive and negative current trends in the language. (1,3)

At the session that discussed issues pertaining to the social and economic development of the North-Caucasian region, Vladimir Putin noted the need to increase the transportation of oil products. In order to accomplish this special terminals will need to be built. In view of this, the Novorossiisk Merchant Marine Port and Kombinat Importpishcheprom companies have agreed to build such terminals. A story examines the project. (1, 7)

The quantity of counterfeit medicine sold on the domestic pharmaceutical market has increased by 10 percent this year compared with the figure for last year. This was stated by Anti-Monopoly Minister Ilya Yuzhanov when speaking at his ministry's collegium on Wednesday. A story comments on his speech. (2)

In an interview Pavel Borodin, State Secretary of the Russia-Belarus union state, speaks about progress in the Russia-Belarus integration process, focusing on several serious problems. Soyuz Belarus-Rossiya Supplement. (2)

Noviye Izvestia

Many army officers are displeased at what President Vladimir Putin said about Chechnya during his recent news conference. A story comments on the negative view taken by Vladimir Moltenskoi, commander of the federal troops in the North Caucasus. (1,2)

A story examines the results of former President Boris Yeltsin's recent meeting with Belarussian President Alexander Lukashenko in Minsk, explaining why the later would like Yeltsin to take up a post in the Union state. (1,2)

President Vladimir Putin has signed several decrees according to which the wages of state employees will be increased by 1.5 times starting as of June 30 of this year. Brief. (1)

Trading on the domestic stock market started with a considerable fall on Wednesday. The RTS index fell by 3,39 percent to 33.72 points by noon. A story offers other figures on tradings. (1)

A BBC ensemble of pipers and drummers from Britain will take part in the 6th Festival of Scottish Culture that is scheduled for the end of this week in Moscow. A story looks at the ensemble's program of guest performances. (1)

The Anti-Monopoly Ministry has drafted its forecast of petrol prices for the middle of September. They have increased considerably lately. A story offers the predicted new prices. (1)

Komsomolskaya Pravda

The Parliamentary Assembly of the Council of Europe (PACE) will likely help Russia in its negotiations with the European Union on the fate of the Kaliningrad region. This is a major result of the hearings on the Kaliningrad problem that has ended this week. (4)

Four metro stations -- Sportivnaya, Universitet, Prospekt Vernadskogo and Yugo-Zapadnaya -- in the south-west of the city will be closed from July 6 to August 5 due to a major renovation of the Luzhniki Metro Bridge. A story describes what buses and trolleybuses will be offered to Muscovites. (6)

Although fifteen state departments are today responsible for preparations for the 300th jubilee of St. Petersburg celebration this festive event may be cancelled. President Vladimir Putin recently harshly criticized city authorities and its governor Vladimir Yakovlev for ineffective work. A story looks at several reasons. (10)

The Central Bank's gold and hard currency reserves have reached a record high of $42.5 billion. Where is this huge sum of money and why are Russians very poor when their country is getting ever richer? In an interview former Central bank Deputy Head Sergei Aleksashenko, now Deputy Director-General of the Interros Holding, explains where this money is kept. (11)

The new code on Administrative Law Violations will take effect from July 1. Lawyer Leonid Olshansky, chief of the Administrative Law section of the Academy of Judicial Sciences, answers questions about how the new code will change the relationship between GAI officers and private drivers. (16,17)

A story looks with a critical eye at a list of the literary works that are given to school students to read during their summer vacations, saying that very often such programs discourage pupils from reading. (21)

On the occasion of the 5th anniversary of his private picture gallery, famous artist Alexander Shilov presented 14 of his paintings to Moscow. The present was accepted by Mayor Yury Luzhkov. A story describes the paintings. (24)

Moskovsky Komsomolets

Defense Minister Sergei Ivanov has come up in defense of Chechnya's rebel leader Aslan Maskhadov. On Wednesday he stated that the federal troops had foiled Maskhadov's plans to capture Grozny. A story cites his quotation. (1)

Specialists at the Agricultural Academy have created a special alcohol-free beer for cosmonauts at the International Space Station. A story describes the new drink. (1)

A municipal formation in the Moscow region -- Kolomna -- has obtained its own coat of arms that has been endorsed by the City Council of Deputies as its official symbol. A story describes how it looks. (1)

A story describes several tragic cases that occurred in Moscow on the night of June 26 when senior school students in all city secondary schools had graduation parties. (1)

High-speed elevators will be bought for the Ostankino Television Tower soon from a German firm. A story describes which types of elevators will be purchased. (4)

Pages of history. A feature story describes how the first autos appeared in Moscow before the beginning of World War I. (6)