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. Last Updated: 07/27/2016

Press Review

Vedomosti. Companies and Markets
Nezavisimaya Gazeta
Rossiiskaya Gazeta
Komsomolskaya Pravda
Moskovsky Komsomolets


The Prosecutor General's Office on Monday completed its investigation into the criminal case of Nikolai Aksyenenko, former president Boris Yeltsin's former prime minister. The case was forwarded to court Monday, which was a surprise to his lawyer. Aksyenenko faces three to 10 years of imprisonment for theft and abuse of power. Aksyenenko's lawyer received permission on Oct. 9 for his client to seek medical treatment abroad. (1, Kommersant 6)

An international forum titled "Children in extraordinary situations" starts work Tuesday in Moscow. In an interview, Leonid Roshal, the forum's initiator and chairman of the international fund for emergency assistance to children, speaks about the goals of the forum. (1, 2)

The Krasnoyarsk garrison court has sentenced Mikhail Vachshenko, 32, to two years imprisonment for desertion. Vachshenko left his military construction detachment 11 years ago. He was eventually caught by the traffic police. (1, 2)

Two days after beating Georgia 3-1 to earn a berth in the Euro-2004 playoffs, Russia learned Monday which European team stands in its way of its participation in next year's championships in Portugal. Russia was paired up with Wales in Monday's play-off draw. (1, 2, MK 1, Gazeta 1, 6)

China has taken fourth place in the list of the world's offshore software producers. Chinese software export has reached $3.6 billion. The Russian software market is estimated at $1.5 billion. A story analyses the world's software market. (2)

Germany's Die Welt newspaper has reported that a Volkswagen Bentley Arnage worth 250,000 euros is to be supplied to President Vladimir Putin's garage. The president's press-service has denied the story. (3)

Belarussian President Alexander Lukashenko is arriving in Moscow Tuesday to negotiate with President Vladimir Putin on cooperation. Lukashenko has informed journalists that Belarus does not owe anything to anybody and is not begging for gifts from Moscow. The Kremlin's main policy in negotiations with Lukashenko is patience. (3, Nezavisimaya Gazeta 5)

The Moscow and Grozny governments are drafting an agreement on the division of power. Republics close to Chechnya are also interested in the agreement. Ingushetia's President Murat Zyazikov said Monday that he hoped for the return of a so-called offshore zone tax haven in Ingushetia. A story comments on the establishment of an economic oasis in Chechnya in the near future. (3)

U.S. politicians are criticizing President George Bush for tricking America and are attacking his lack of ability to place the situation in Iraq under control. Both Democrats and Republicans are now attacking the president. (4)

Deputy Prime Minister Vladimir Yakovlev wrapped up a two-day visit to Yakutia, where he proposed the creation of a local self-management system and the construction of a railway connection between Neryungi and Yakutsk. However, Yakutia's president said that Yakutia has a lot of problems to be solved before a railway can be constructed. A story comments on experts' opinions on providing financial support for Yakutia. (5)

The first session of the board of directors of the Russian Railways Co. is to be held on Tuesday. Participants are going to elect the chairman and appoint vice-presidents to control industrial and financial policy. The government will trust the directors' management to Vice Premier Viktor Khristenko. A story comments on members of the board of directors appointed by the government. (5)

The European Community has taken a $234 million share in the Iraq reconstruction plan. The total amount needed for the plan is close to $9 billion. A story gives analysis of what exactly is needed to complete reconstruction in Iraq. (5)

When Moody's upgraded Russia's debt rating by two notches to Baa3, bringing it up to investment grade, it renewed the potential of Russia's banks. According to Moody's estimations, Sberbank leads among Russian investment banks for eurobonds, Vneshtorgbank has been placed a notch behind and Gazprombank has taken third place. A story comments on the Russian investment bank market. (6)

Surgutneftegaz on Monday distributed an announcement that it will have to stop oil refinery in 175 oil wells due to actions by ecologists in Khanty-Mansiisk. State officials have recommended that Surgutneftegaz follow Yukos' example of recycling waste. A story comments on the details of the case. (6)

As many as 15 alternative decrees on compulsory insurance for automobiles have been submitted to the State Duma. After the State Duma committee on credit organizations and financial markets considered 15 amendments to a federal decree on compulsory automobile insurance last week, it recommended two of them, which provide 50 percent discounts for pensioners and invalids. A story comments on details of amendments submitted by central fractions. (7, Nezavisimaya Gazeta 2)

The State Duma on Tuesday approved a decree on insurance regulations in its second reading. The government has allowed foreign insurance companies a 25 percent share the Russian insurance market. A story comments on developments in the Russian insurance market. (7)

State authorities are involved in crimes of different kinds, including robbing people, abuse of power and bribe-taking. In an interview, Alexei Alexandrov, a member of the State Duma's committee on security, speaks on the fundamental long-term steps the state has to approve in order to prevent crimes by police. (8)

The Moscow City Government will consider Tuesday a decree on transport movement regulations in certain parts of the city, which has been submitted by ecologists. Ecologists want to limit the number of cars in the most crowded areas of the city and oblige car owners to pay fees for ecological damage. A story comments on details of the decree. (9)

The Constitutional Court began hearings Monday on a petition by lawmakers and journalists challenging the constitutionality of a new law that sharply restricts media coverage during election campaigns. The law, which came into force this summer, bans the media from publishing critical reports or predictions about what consequences a candidate's victory might entail. They also are banned from publishing information that might sway voters' preferences. (10, Kommersant 1, 2, Nezavisimaya Gazeta 1, 2, Gazeta 1, 3)

More than one third of Muscovites think Moscow is the best city to live in, according to "the soul of the city" social survey conducted at the end of September. A story gives details from the company. (12)


Sibneft President Eugene Shvidler was called Monday for questioning at the Interior Ministry as part of an investigation into possible tax evasion by the oil company. The summons came amid mounting pressure on Yukos, which recently completed a merger deal with Sibneft, the nation's biggest oil major. A story comments on prosecutors' investigation into Sibneft's efforts to evade taxes. (1)

Vice-premier Boris Alyeshin held a press conference Monday on development programs for the Plesetsk and Svobodny cosmodromes. Priority will be given to the reconstruction of the Plesetsk cosmodrome since the building of the Angara rocket complex is scheduled to be completed there by 2006. A story comments on details of the development programs. (2)

The State Duma's budget committee recommended Monday to deputies to approve amendments to the 2003 budget, which would distribute 68,7 billion rubles of the expected 144.8 billion rubles for budget needs. (2)

The Central Election Committee registered candidates to the State Duma on Monday. A story comments on details of the registration process. (3)

The state secretary of the Russia-Belarus union, Pavel Borodin has changed his mind about participating in single-mandate parliamentary elections, his press secretary reported Monday. A story comments on reasons behind his decision. (3)

A page is devoted to parliamentary and regional elections. Comments on Yabloko's activities are given. (3)

The Prosecutor General's Office refused Monday to extradite to Latvia National Bolshevik party leader Vladimir Linderman. Vladimir Linderman was released from Lefortovo prison the same day. A story comments on details of Linderman's activities. (5)

Vice-president of the Israeli Diamond Exchange Avram Traub was arrested Sunday in Hungary. The Russian Prosecutor General's Office has confirmed that the businessman was arrested in accordance to its query but would not comment on details of his case. A story gives details of Traub's business activities. (5)

An investigation into the criminals of the Naberezhnye Chelny Tagirian group was closed Monday. The criminals are accused of several abductions including the abduction of Kamaz Metallurgia Director Viktor Faber. A story comments on the details of the abductions. (6)

Amnesty International on Monday delivered to the president's office 16,000 postcards addressed to President Putin from people hoping to obtain Russian citizenship. People are asking the president to put an end to discrimination in Russia. A story comments on Amnesty International's activities and goals. (7)

The Education Ministry has initiated special AIDS awareness training for scholars and their parents in order to prevent the disease. The training will be included in the "Health and Education" program, which was being considered Monday by the Education Ministry's. A story comments on details of education programs. (7)

South Korean President No Mu Hen is facing a national "no-confidence" referendum . He confirmed Monday his intention to submit his resignation. Opposition groups have accused the president of political games aimed at promoting himself. (9)

LUKoil president Vagit Alekperov made a promise Monday to Kazakhstan President Nursultan Nazarbayev to contribute $3 billion to an oil shelf project in the Caspian sector belonging to Kazakhstan. Alekperov promised Monday to consider the construction of an oil refinery and a pipeline. A story comments on details of the negotiations. (13)

A conference on the admission and execution of foreign arbitration decisions started Monday in Moscow. Russian arbitration decisions have priority over international arbitrage according to existing regulations. A story comments on possibilities for reform. (15)


The Russian Businessmen and Entrepreneurs Union Arbitration Court has announced its first verdict on the bankruptcy of the NOST metallurgical center. Arbiters have decided that both the Alpha group and Stiltecs had broken regulations on business ethics, which were signed in October 2002. (A1)

The ruble's recent run started last week after the Moody's rating agency upgraded Russian debt, igniting optimism about new foreign investment. A stronger ruble could raise real domestic costs and diminish the price competitiveness of local producers. On the other hand, a higher rate could help Russian companies borrow money abroad at cheaper rates. A story comments on analysts' opinions of the issue. (A1)

The Russian branches of Leo Burnett and McCann-Erikson advertising firms have both taken first prize in the "Golden Drum" festival. A story comments on the world advertising market. (A1)

The Prosecutor General's Office on Monday completed its investigation into the criminal case of Nikolai Aksyenenko, former president Boris Yeltsin's former prime minister. Aksyenenko faces three to 10 years of imprisonment for theft and abuse of power. (A2)

The Union of Right Forces faction has initiated a redistribution of the 2004 state budget. The redistribution would provide more financial support to education and health. The money for these expenditures would be taken from the military budget. (A2)

The Economic Development and Trade Ministry has drafted a decree on the establishment of a credit-history bureau. The main goal of the decree is to provide full information to enterprises taking credits to the Central Bank. (A3)

A page is devoted to recent appointments in big Russian corporations, including Alfa-Capital, AFK Sistema, and Ingosstrakh and gives the biographies of newly appointed directors. (A5)

Energy reforms are under discussion. In an interview Vladimir Avyetisyan, the director of SMUEK, which controls four regional energy systems, speaks on SMUEK's drafts on reforming the energy industry. (A6)

Vedomosti. Companies and Markets

After Moody's took the drastic step of upgrading Russia's rating by two notches, to Baa3, bringing it up to investment grade, it re-estimated Russian banks' potential. A story comments on the Russian investment banks' market. (B1)

Moody's rating agency upgrade of Russia's rating will influence the real estate market in the near future. Analysts are forecasting price growth in both commercial and domestic segments of the real estate market. A story gives analysts' opinions. (B1)

Slovakia's government has announced a tender for 49 percent of the Slovenske Elektrarne electricity major. Gazprom and Unified Energy Systems intend to compete for the package. A story comments on Slovenske Elektrarne's ownership and recent developments. (B2)

British Airways is increasing its control over Heathrow airport. BA recently purchased a $20 million package of the airport's shares and now owns 41 percent. A story comments on recent developments. (B2)

Alfa Bank analysts consider that investors have forgotten about oil major LUKoil while watching negotiations on Yukos-Sibneft deal. Yukos-Sibneft plans to seek a full listing of its shares on the New York Stock Exchange or London Stock exchange if talks with a strategic buyer fail. A story comments on Alfa Bank recommendations to investors to pay more attention on LUKoil. (B5)

The demand for high-quality warehouses in the Moscow region is exceeding supply. Large international developers are going to enter the Moscow and Moscow area warehouse market in 2004. A story comments on the deficit of warehouse space. (B7)

Communications Minister Leonid Raiman announced Monday a remarkable investment increase in the Russian telecommunication industry. A story comments on recent developments in the Russian telecommunication market. (B8)

Nezavisimaya Gazeta

The ruble's recent increase in value started last week after Moody's upgraded Russia's debt rating to investment grade, igniting optimism about new foreign investment. A story looks at analysts' views on the consequences of a strong ruble. (1, 3)

President Vladimir Putin will leave for Southeast Asia on Wednesday. He intends to make a speech at a session of the Islamic Organization Conference in Malaysia. After that, he will take part in the Asian-Pacific Economic Cooperation summit in Thailand. (1, 2)

China has not received any clear response from Russia on the construction of the Angarsk-Daqing pipeline and has started to negotiate with Kazakhstan instead. KazMunaiGaz Executive Director Kairgeldy Kabyldin announced Monday that his company had signed an agreement with the Chinese firm CNPC on pipeline construction due to start in the middle of 2004. The pipeline is to supply 20 million tons of oil to China annually. (1,3)

As many as 15 alternative decrees on compulsory car insurance have been submitted to the State Duma. The committee on credit organizations and financial markets recommended two, which provide 50 percent discounts for pensioners and invalids. (2)

Communications Minister Leonid Reiman announced a remarkable increase in investment in the Russian telecommunications industry on Monday. A story comments on recent developments in the market. (3)

Rossiiskaya Gazeta

The Supreme Court of the Russian Federation has ruled against current passenger railway transportation regulations. The regulations allow the purchase of railway tickets no earlier than 60 days before the date of departure for tourist groups, while ordinary individuals are allowed buy railway tickets no earlier than 45 days before departure. (1, 4)

The Constitutional Court started hearings on Monday on a petition by lawmakers and journalists challenging the constitutionality of a new law that sharply restricts media coverage during election campaigns. (1, 3, Nezavisimaya Gazeta 1, 3)

Administrative reforms were the key issue under discussion at the last Cabinet meeting. In an interview, Boris Alyoshin, head of the commission on administrative reforms, speaks on functions that are to be reformed. (1, 4)

Russian journalists have held a conference to discuss the recent murder of Alexei Sidorov. Sidorov, 31, the editor of the Tolyatti Review, was stabbed several times as he approached the entrance to his apartment building in Tolyatti on Thursday evening. His predecessor was gunned down last year. (2)

The Prosecutor General's Office finished its investigation Monday into a criminal case against Nikolai Aksenenko, a minister under former President Boris Yeltsin. The Prosecutor General has sent the case to court. (3)

The Frankfurt Book Fair closed on Monday. Russia demonstrated that its publishing industry is back on its feet after languishing for years amid the country's economic collapse and political dislocation. Nearly 100 Russian authors, publishers and booksellers presented works, from detective stories to philosophical works. (1, 8)

An exhibition titled Berlin-Moscow/Moscow-Berlin is taking place in the German capital. Earlier this year, Berlin and Moscow began an ambitious program of cultural exchanges with the goal of cultivating closer ties between the two countries. (8)

Komsomolskaya Pravda

The State Duma overwhelmingly passed amendments on Friday in their first reading that would restore the Soviet tradition of mandatory military training in schools. The bill is part of an effort to raise the prestige of the military. (3)

Tatiana Slivenko, who won her case against Latvia in the European Court of Human Rights on Thursday, returned to Moscow on Saturday. Slivenko won the right to live in Latvia with her family and was granted compensation of 30,000 euros from the Latvian government. A story shares the views of Latvian officials. (4)

Moskovsky Komsomolets

An international forum on children in emergencies is opening on Tuesday in Moscow. In an interview, Leonid Roshal, the organizer of the forum and the chairman of an international fund of emergency assistance to children, describes the forum's goals. (2)

A day after prosecutors raided offices of Yukos and related facilities, lawyers condemned the searches. In particular they said that the documents seized at Zhukova would not hold up in court because they were confiscated illegally. (4)