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. Last Updated: 07/27/2016

Press Review

Vedomosti. Companies and Markets
Rossiiskaya Gazeta
Komsomolskaya Pravda
Moskovsky Komsomolets


The Federation Council on Wednesday endorsed amendments to the law, which imposes a moratorium on plebiscites a year before parliamentary and presidential elections. President Putin is expected to sign the bill within the next 10 days. A story comments on the draft, focusing on the positions of several parties and explaining why the Kremlin administration regards the issue as urgent. (1, Kommersant, 2, Gazeta, 1,2, Vremya Novostei, 2, Vremya MN, 3, Nezavisimaya Gazeta, 2,Rossiiskaya Gazeta, 2, Sovetskaya Rossiya, 2, MK, 3

All major newspapers carry stories related to Wednesday's release of Chief Financial Officer Sergei Kukura. Kukura's release after two weeks' abduction has caused broad speculation about whether or not a ransom was paid in exchange for his freedom. (1,3, Kommersant, 1,5 Gazeta, 1,5, Noviye Izvestia, 1, Vremya MN, 1, Vremya Novostei, 1, Rossiiskaya Gazeta, 1,2, Nezavisimaya Gazeta, 1,Komsomolskaya Pravda, 1-3, MK, 1)

In an interview, First Deputy Finance Minister Sergei Shatalov examines several significant tax draft bills that the government plans to adopt this year. (1, Finansoviye Izvestia Supplement, 2)

The Russia-NATO Council held a session in Warsaw on Wednesday to discuss issues concerning Iraq. A story concentrates on several issues Russian Defense Minister Sergei Ivanov discussed with his NATO alliance counterparts. (2, Kommersant, 4, Rossiiskaya Gazeta, 7, Nezavisimaya Gazeta, 5, Krasnaya Zvezda, 1, Noviye Izvestia, 3, Komsomolskaya Pravda, 6)

A draft of future developments on the Moskva River was made public at the City and River exhibition, which opened Wednesday in the "House on Brestskaya Ulitsa." A story looks at the document, revealing its unique nature. (2)

The Economic Development Ministry Wednesday held an auction to sell quotas on imported raw sugar. A story describes results of the auction, and assesses its major aim.(2, Kommersant, 14)

Railway builders in Primorye have begun preparatory work on a stretch of railroad that will connect the future Trans-Korean Railway with Transsib. This proves that Vladimir Putin has managed to receive weighty assurances from the North Korean leader Kim Jong il that the Trans-Korean Railway will pass to the west through Primorye rather than through China. A story examines the railway project. (2)

Starting Nov.1, the cost of monthly home telephone services in Moscow will be raised to 110 rubles from the present 84 rubles. Commersial organizations will pay 125 rubles. Brief. (3, Kommersant, 17, Komsomolskaya Pravda, 7)

What presents do businessmen prefer to make to one another today? The answer to this question could be obtained Wednesday at the Business-Souvenirs and Gifts Exhibition in the Druzhba Sports Complex. A story describes the exhibition and its sponsors. (3)

On Wednesday President Vladimir Putin met with representatives from the so-called "Putin Call" (Putinsky Prizyv), and organization composed of young entrepreneurs, who recently participated in the All-Russia Conference of Young Production Executives and who were united by the Unified Russia Party. A story describes their meeting with the president. (3, Kommersant, 1,3, Komsomolskaya Pravda, 6)

Russian companies are doing everything in their power to become transnational and improve their image abroad. One such method is to make their accounting reports transparent and in line with the international standards. Yukos, for example, has for the first time presented its financial accounting report in dollars according to the U.S. generally accepted accounting principles standard. A story looks at 3 such domestic transnational corporations. (4)

A conference devoted to cracking down on money laundering opened in Moscow on Wednesday. The conference was expressly made to coincide with the Financial Action Task Force's (FATF) visit to Moscow. FATF Tuesday inspected several Russian banks. A story looks at the results of the inspection. (4,,Kommersant,14 Vremya Novostei, 1)

On Wednesday the St. Petersburg Commission stopped accepting poems from residents participating in a competition to find new lyrics for the city's anthem. The number of collected poems is 320. (4)

The State Duma Wednesday passed (in the first reading) the draft budget-2003. The story looks at the factions that failed to approve it, explaining why the second reading on Oct. 18 will be the most difficult stage for the document. (6, Kommersant, 2, Gazeta, 2, Vremya MN, 2, Vremya Novostei, 2, Rossiiskaya Gazeta, 1,2, Komsomolskaya Pravda, 8)

Today marks World Tourism Day. In an interview, State Duma Deputy Speaker and traveler Artur Chilingarov, who monitors tourism issues in the State Duma, speaks about positive changes brought about in this sphere. (6)

A story looks at the Talosto fast-food company , which offers ever more new types of fast food. (6)

The federal commission in charge of boosting aviation leasing headed by Economic Development Minister German Gref arrived in Ulyanovsk on Wednesday. A story looks at the aim of the commission's visit. (6)

Izvestia examines an angry letter written by a Russian student and entitled "If I were Osama bin-Laden." The letters outlines what ordinary Russians think of immigrants, Islamists and Wahibbites, whose numbers in Russia and in Moscow have immeasurably increased as of late. (7)


The Moscow Gagarinsky District Court Wednesday announced suspended sentences to former Sibur executives Yakov Goldovsky and Yevgeny Koshits. A story looks at their case. (1, Gazeta, 1,3)

President Vladimir Putin has aid no to tax cuts on Wednesday at a meeting in the Kremlin with participants of the All-Russian Conference of Young Production Executives. A story describes the meeting. (1,3)

The State Council Presidium's working group in charge of combating religious extremism held a closed session in Moscow on Wednesday. Chechen administration head Akhmat Kadyrov was appointed head of the group. A story examines the group's major tasks. Four experts share their views on Kadyrov's appointment. (3)

Colonel-General Vladimir Moltenskoi, commander of federal forces based in the North Caucasus and deputy commander of the North-Caucasian Military District, has been appointed Deputy Supreme Commander of Ground Forces. A story comments on the appointment. (4)

On Wednesday Justice Minister Yury Chaika handed Agriculture Minister Alexei Gordeyev a certificate proclaiming the registration of the "The Russian Agrarian Movement. " Brief. (4)

An unidentified assailant in Samara Wednesday morning killed Yury Gashimov, Director-General of the Samara Automobiles Holding. A story describes how it happened. (6)

Another two victims of the avalanche in North Ossetia were found on Wednesday. The official number of those killed is 12 while those missing total 93. A story gives details. (6, Rossiiskaya Gazeta, 2)

The Federal Competition Commission on Wednesday recommended that the Press Ministry automatically prolong the license of the 7TV sports channel, which began broadcasting in September 2001. (7)

In early October the Interior Ministry is expected to decide the fate of Moscow's ecological police. A story reveals the essence of the pilot project. (7)

On Wednesday the Krasnoyarsk Central District Court ordered the release of physicist Valentin Danilov by the regional FSB Board. Danilov has been detained on charges of spying for China. A story details the case. (7, Noviye Izvestia, 1,4)

The First International Film Festival "Cinema Without Barriers " will open today in Moscow at the Academy of Sciences on Leninsky Prospekt. The films slated to be shown will all feature invalids. A story describes the event, its participants and sponsors. (8)

On Wednesday Ukrainian President Leonid Kuchma met with the opposition lawmakers whoa are demanding his resignation. Kuchma's answer was a firm "No." A story comments on the results of the meeting. (10, Rossiiskaya Gazeta, 3)

UES head Anatoly Chubais Wednesday declared a moratorium on the sale of UES related assets. Such a decision could help restore investor confidence and may help UES' share price. A story explains how the market has responded to the decision. (13, Gazeta, 9, Vremya Novostei, 1,5, Vremya MN, 1, Nezavisimaya Gazeta, 1,2,)

The International Monetary Fund (IMF) Wednesday published its bi-annual World Economic Outlook, in which the IMF gives its forecast for the world economic developments. According to the IMF forecast, the economic situation in the United States and Western Europe will be worse than previously anticipated, while Russian economic growth is predicted to surpass all expectations. (14)

Labor Minister Alexander Pochinok has sent a letter to the government proposing abolition of the inspection of the non-state pension funds. A story examines the letter 's content, pointing to its negative consequences. (15)

The Central Bank Wednesday announced the introduction of additional provisions to the system of refinancing commercial banks. A story reveals the essence of the measure. (15)

The Standard&Poor's international rating agency warned Japan that it may lower its credit rating by in October. In doing so the agency has responded to plans made by the Bank of Japan to buy out shares from the country's leading banks. (15)

The World of Beauty-2002 Festival is to open today in the Kremlin Palace. A story describes its participants. (17)


President Vladimir Putin on Wednesday stated that taxes should not be lowered any further. A story comments on his statement, focusing on economists' and policy-makers' belief that the president's words do not mean an end to the tax reform. (A1 )

Unified Energy Systems (UES) head Anatoly Chubais on Wednesday stated that the sale of major UES assets has been frozen for a minimum of six months. A story examines his other significant announcements. (A1)

LUKoil first Vice-President Sergei Kukura, who was abducted two weeks ago, was released Wednesday .A story reflects on the circumstances of his abduction and release. (A1 )

The growth of the gross domestic product (GDP) this year will amount to 4.4 percent and in 2003 to 4.9 percent. Such forecasts are contained in the IMF traditional report "The World Economic Outlook". According to the IMF, the surplus of the balance of payment this year will go down to 7 percent of the GDP from 10.3 percent in 2001, and in 2003 down to 6.3 percent of the GDP. Brief. (A1 )

The State Duma (S.D.) Wednesday passed (in the first reading) the draft- budget-2003. The story looks at government members' preliminary work with S.D. deputies to explain budget provisions to them. (A2 )

Vneshtorgbank (BTB) President Andrei Kostin is likely to have thought how to deny the European Bank for Reconstruction and Development permission to buy its stock. The concept of export support drafted by the Economic Development Ministry by a government session today says that VTB may enter the capital of Roseximbank. (A3 )

Leading machine-building companies decided to obtain their own lobby. The last Premier of Soviet Russia, Ivan Silayev, will present them in the Machine-Building Union and his deputy will be Kakha Bendukidze, Director-General of the Obyedinyonniye Mashinostroitelniye Zavody. (A3 )

Director-General of Saturn Yury Lastochkin talks about the state of his profit-making company, focusing on its future prospects. (A5)

Vedomosti. Companies and Markets

Starting Oct. 1, employees in the Russian section of Procter& Gamble will be able to buy shares of the American Procter & Gamble company with a 30 percent discount. This first domestic option program on stock of the international company became possible after the currency legislation was amended. (B1)

The Moscow arbitration has made the decision to extend the procedure of external administration in Rospan up to Feb. 8, 2003. The bankruptcy case against Rospan was filed in 1998 and the court declared it bankrupt in August of 2000. Brief. (B1)

Yukos's net profit in January-March 2002, according to U.S. GAAP standards, amounted to $462 million compared to $526 million in the first quarter of 2001. Brief. (B1 )

Norilsk Nickel this year will cut its capital investment down to less than $300 million from the recently planned $400 million. Brief. (B1)

LUKoil has lost its chance to become a shareholder of the second largest Polish company -- Rafineria Gdanska. It became known Wednesday that the winner of the tender to sell 75 percent of the company's stock -- the British Rotch Energy -- selected as its partner the Polish PKN Orlen oil concern. (B1)

The Aton investment company decided to conduct an emission of stock of its recently bought insurance company "Rossiya." A story examines the possible practical result of the decision. (B1 )

The leadership of the Caspian pipeline consortium Wednesday made public a new plan to increase capacity of the only domestic private pipeline. A story looks at the plan. (B2)

A tough policy of the government, which does not want to increase Gazprom's tariffs by more than 20 percent, means that the monopoly must seek other means to resolve its financial problems. Thus, Boris Yurlov, deputy head of the Gazprom Management Board, promised that in 2003 the company will cut its expenses by almost $1 billion. (B2)

A story examines how the new team of the Central Bank has begun to fulfill its promise to give new instruments to the banks to manage their liquidity. (B3)

Rossiiskaya Gazeta

Chief Military Prosecutor Alexander Savenkov speaks about crime in the armed forces as well as the investigation into the Kursk submarine tragedy. (1,4)

Full text of the Presidential Decree on combating illegal drugs is provided. (1)

Chief physician Gennady Onishchenko comments on flu prevention measures. (2)

Scientist and lawyer Konstantin Bekyashev comments on the decades-old Shevardnadze-Baker agreement. (5)

Leading domestic petrochemical holding SIBUR has managed to escape bankruptcy and promises to become a profit-making enterprise by the end of this year. (9)

The government has taken gradual steps toward taking back its lost monopoly position in the sphere of alcohol production, including the launch in 2000 of the enterprise Rosspirtprom. (9)


NG journalist Anna Politkovskaya examines the Rostov-on-Don court case against Yury Budanov, former colonel in the military who is alleged to have kidnapped, tortured and killed an 18-year-old Chechen girl in 2000. (4)

Valery Shevchuk , deputy chairman of the State Duma committee on the consequences of the Chernobyl tragedy, stated Tuesday that 146 Belarussian villages (and a total population of 100,000) that were polluted during the catastrophe have since been removed from the list of adversely affected areas. (4)

Former American CIA director James Woolsey shares his approval of President George W. Bush's plan for an anti-Saddam Hussein operation that, in his opinion may begin as early as late October or early November. (6,7)

Reporter Anna Politkovskaya, who has covered the Chechen war for many years, is in high demand as a speaker in Europe. (8)

The newspaper offers recommendations on registration processes to immigrants living in Moscow without a Moscow propiska. (24)

Komsomolskaya Pravda

The wife of Sergei Kiriyenko, presidential representative to the Volga federal district, gave birth in Moscow on Wednesday to a daughter, the family's third child. (7)

The Union of Right Forces Party will sponsor a demonstration for military reform on Sept. 28 near the Kremlin. (7)

Chinese smugglers control the supply of Amur black caviar to the black market. (10, 11)

Alexei Mishchenko, Beeline GSM vice-president, answers questions from about his company's services and new projects. (12

Moskovsky Komsomolets

Grain overproduction has been in crisis for the second year and the government is taking steps to mediate the problem. (1,2)

According to the State Meteorological Service, the first snow is expected in Moscow early next week, which is unusually early. (1, Komsomolskaya Pravda, 7 )

The Parliamentary Assembly of the Council of Europe Wednesday recommended to Russia that it refrain from military operations in Georgia. State Duma deputy Dmitri Rogozin expressed his opposition to the PACE statement. (2)

A feature article discusses hazing, which has been flourishing in the army since Soviet times. (2)

Students from the Higher School of Economics have won the global management game, an international business competition program in Japan. (2 )

Foreign investment in the St. Petersburg economy have been growing since 1994. Last year alone, foreigners invested over $1 billion, of which $114.1 million was direct investment. (4)

An article on the upcoming 300th anniversary of St. Petersburg examines new exhibitions in its central museums. (5)