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. Last Updated: 07/27/2016

Press Review

Vedomosti. Companies and Markets


Oil majors Yukos and Sibneft announced a merger on Tuesday, as a result of which the capitalization of the new joint company YukosSibneft will reach $35 billion. A story comments on this deal. All major newspapers devote their stories to it. (1,2, Kommersant, 1,16, Rossiiskaya Gazeta, 1,2, Gazeta, 1,9, Nezavisimaya Gazeta, 1,3, Vremya Novostei, 1,7, Vremya MN, 1,2, Trud, 1,2)

Plans to reorganize traffic inside Moscow's Sadovoye Koltso were announced on Tuesday. Moscow Chief Architect Alexander Kuzmin explained how the reorganization would be carried out. (1, 2)

While in Yuzhno-Sakhalinsk on Tuesday, Interior Minister Boris Gryzlov stated that the murder of General Gamov, who headed the Sakhalinsk border guard, has been solved. According to Gryzlov, the murder was ordered by reputed mobster Vasily Naumov, who was killed in Korea on Friday. A story gives details. (1,2, Kommersant, 5)

On Wednesday the Federation Council is expected to consider amendments to the Land Code that would allow Russian churches free use of the land. Other amendments include similar clauses for buildings of cultural and historic significance. Four well known policy-makers share their sentiments about the proposed amendments. (2, 16)

On Wednesday Prosecutor General Vladimir Ustinov, FSB Director Nikolai Patrushev and Deputy Interior Minister Vladimir Vasilyev are expected to present a report to the State Duma regarding the results of investigations into high-profile crimes. The presentation comes one day after the State Duma's Anti-Corruption Commission discussed a special document concerning the responsibilities of the Prosecutor General's Office. (3)

The first tangible result of the Russia-Belarus Union was presented on Tuesday. The product, a Gorizont television set, is seen as one potentially lucrative partnership program between the two former Soviet states. A pie chart included in the article comments on the market for such television sets in 2002. (3)

The Minsk Institute of Socio-economic and Political Studies asserts that the authority of Belarussian President Alexander Lukashenko has been drastically reduced as a result of the strengthening of the Russia-Belarus Union State. A story comments on the results of an opinion poll conducted by the institute, which underscores the assertion. (3)

After her visit to the Sukhoi aviation complex in Zhukovsky, Indonesian President Megawati Sukarnoputri announced that her country would purchase four state-of-the-art Sukhoi fighter planes. (3, Kommersant, 15)

State Duma Vice-Speaker Lyubov Sliska announced Tuesday that President Putin would deliver his annual state of the nation address to the Federal Assembly in May. Brief. (3)

On Tuesday Prime Minister Mikhail Kasyanov fired Zinovy Pak, general director of Rosboyepripasy, Russia's ammunition agency. Brief. (3, Kommersant, 4)

Currently only 37 Russian political parties have the right to take part in federal and regional elections. However, Central Election Commission head Alexander Veshnyakov said that this number could increase ahead of December's parliamentary elections. Brief. (3)

Visiting Polish Defense Minister Jerzy Szmajdzinski is likely to have talks with officials from the Russian Defense Ministry regarding the possibility that U.S. forces could be stationed in Eastern European states. Brief. (3)

A story comments on the United States' rejection of a proposal to return UN military inspectors to Iraq. (4, Kommersant, 9)

The Iraqi Communist Party has published its first newspaper, The People's Way. A story comments on the occasion. (4)

April 24 is a memorial day dedicated to the victims of Turkish genocide in Armenia, which took place from 1915 to 1923. Ara Abramyan, president of the Union of Armenians in Russia, explains why Armenians will never forget the tragedy. (4)

On Wednesday the Cabinet is expected to consider a tax reform plan endorsed by the Finance and Economic Development and Trade Ministries. A story comments on the plan's major concepts. (5, Kommersant, 2, 14)

Prime Minister Mikhail Kasyanov was in Rybinsk on Tuesday, the home of the Saturn aviation engine producer. A story describes Kasyanov's visit and speculates on how it may affect the Russian aviation sector. (5, Kommersant, 2)

Deputy Prime Minister Alexei Kudrin has announced that the consolidation of the real ruble rate in 2003 could exceed 6 percent if oil prices remain high. The forecast falls in line with Central Bank expectations. Brief. (5)

Russian Deputy Prime Minister Viktor Khristenko joined his Ukrainian counterpart, Vitaly Gaiduk, in Kiev on Tuesday to oversee the creation of an international gas transportation consortium. Brief. (5, Kommersant, 14)

On Tuesday Central Bank deputy chief Georgy Luntovsky delivered a report on corporate management in banks and banking surveillance at the recent conference "Corporate Behavior on the Financial Markets." A story elaborates on the report's major provisions. (6)

A story comments on the Central Bank's newest provision, which requires commercial banks to provide an honest account of their capital. Seven financial experts also share their views on the provision. (7)

A story comments on the high amounts of pollution in Moscow. (9)

A story explains why Moscow City Duma deputies have refused to attend St. Petersburg's 300th anniversary celebrations. (9)

Troops stationed in Moscow have already begun preparations for the May 9 Victory March on Red Square. A story reports on how the military is training for the event. (9)

A story offers some sensational details of the investigation into the murder of State Duma deputy and Liberal Russia leader Sergei Yushenkov.(10, Kommersant, 5)

According to the State Statistics Committee, 30 percent of the able-bodied Russians have incomes below the subsistence minimum of 800 rubles. Brief. (12)

A story describes how the Russian middle class has taken to treasure hunting as a new form of entertainment. (12)

As of May 18, the NTV television channel will change the format of its news casting. In an interview, Alexander Gerasimov, NTV's first deputy general director, explains the changes. (14)

According to a ruling made by the Moscow Arbitration Court, the defunct TV-6 television channel can not only resume its programming, but self-exiled oligarch and former owner of the station, Boris Berezovsky, can come back to resume his position. A story comments on the court's ruling. (14, Kommersant, 4)


On Tuesday the RTS board of directors sent the Federal Securities Commission new regulations governing the exchange of shares. A story examines the rules in detail. (1)

Deputy Prime Minister Alexei Kudrin Tuesday took part in a session of the Permanent Committee of the Foreign Investment Consulting Council. A story describes the session and Kudrin's plan for tax reform. (2)

During a visit to Arkhangelsk on Tuesday presidential envoy to the Northwestern Federal District Valentina Matviyenko was so shocked by the dirtiness of the city's streets that she ordered all city officials to take up brooms and clean them. (3

In its investigation into the murder of State Duma Deputy Sergei Yushenkov, the Prosecutor General's Office has conducted searches of the homes and offices of his deputies Andrei Sukhankin and Andrei Sidelnikov. (5, Izvestia, 10)

On Tuesday the Naro-Fominsk City Court resumed its hearing of the case against Tamara Rokhlina, widow of the late General Lev Rokhlin's, whom she is accused of killing. The trial was earlier suspended after Rokhlina fell sick and was hospitalized. A story gives details. (5, MK, 2)

Nikolai Senkevich held a news conference on Tuesday to sum up the results of his first 100 days as general director of the NTV television station. A story comments on Senkevich's sum. Six television experts share their impressions of the news conference. (8)

A multi-million deal to sell Russia's ICN Pharmaceutical Inc. could be delayed, due to an unexpected problem experienced by Alfa-Bank and the company's potential buyers. A story explains he nature of the problem. (13)

Britain's Steppes Travel tourist agency has opened its sales office in Moscow. The agency is orientated toward individual tourism.. A story describes the company and its business plan in Moscow. (13)

Gukovugol's board of directors decided Tuesday to sack the company's general director Alexander Galantsev for lack of professionalism. A story comments on the decision. (13)

Nuclear Energy Minister Alexander Rumyantsev made a sensational statement at a news conference on Tuesday, saying that he is in favor of the partial privatization of Russian nuclear plants. In his opinion, private investors could manage the whole infrastructure, except the nuclear reactor itself. A story comments on the statement. (15)

German auto maker Volkswagen has confirmed its plan to build an production facility in the Moscow region. A story details the auto giants the plan. (16)

SUAL has launched negotiations on a merger of Irkutskkabel and Kirskabel with the Serbian FKS enterprise. A story looks at SUAL's plan. (16)

Ton Tuesday the Marriott chain of hotels officially announced the launch of a system of wireless Internet access in its establishments. A story comments on the project and its sponsors. (17)

A story reports on the 7th International Art Moscow fair, which opened in Moscow's Central Artists Club. (21, Izvestia, 13)


Oil companies Yukos and Sibneft on Tuesday announced that they would merge to form a big private company called YukosSibneft Oil Co. A story describes this event, and speculates on how it will affect the competition. (A1)

The Property Ministry has begun selling Moscow land to private enterprises. The first 1.7-hectare plot was evaluated at $500,000. At the moment, only former federal enterprises can buy land from the Property Ministry, which municipal authorities haven't yet the right to sell their land. (A1)

On Wednesday the government is expected to consider a revised scenario for Russia's economic development from 2004 to 2006. The Economic Development and Trade Ministry, which drafted the revised plan, believes that Russia's GDP will increase by 6 percent by the end of 2006. (A1)

First Deputy Economic Development Minister Ivan Materov stated that inflation in Russia was 0.5 percent for the first half of April. Brief. (A1)

The European Bank for Reconstruction and Development expects GDP in 2003 to grow by 4.3 percent, equal to last year's growth rates. Brief. (A1)

On Tuesday the Moscow Arbitration Court declared illegal an order by Press Minister Mikhail Lesin's to suspended the broadcasts of Boris Berezovsky's TV6. Independent lawyers say that TV6 now has good chances to resume broadcasting. (A2)

Centrist factions in the State Duma have decided to increase budget funding for the housing and utility sector by 20 percent. The Finance Ministry has voiced it opposition to the plan. (A2)

On Thursday OPEC will hold a session in Vienna in preparation for a flood of Iraqi on onto the world market. The cartel is expected to make a decision to reduce oil production to avoid a severe drop in oil prices. (A2)

The Finance Ministry has offered to abolish 36 normative acts on funding social benefits in an effort to unburden the state of obligations it cannot pay for in the first place. (A3)

Five experts weigh in the possible success of the recently announced merger of Yukos and Sibneft. (A4)

Vedomosti. Companies and Markets

The Property Ministry said it may sell a 17.82 percent stake in the Magnitogorsk Metals Combine at a special auction, which would best suit the needs of the combine's management. (B1)

Amarco is demanding that PricewaterhouseCoopers pay out $2.6 billion in compensation after recommendations made by the auditor nearly pushed the U.S. company to brink of bankruptcy last year. (B1)

The State Duma will not toughen the law on production sharing agreements. At the government's request, deputies have postponed voting until May 14. In the interim, bureaucrats will try to save two LUKoil projects in the Caspian and the Kirinsky Sakhalin-3 project. (B1)

Gazprom's board of directors has elected new members to the company's management board. A brief gives their names. (B1)

The Science and Industry Ministry and the Moscow government are continuing consultations regarding the resumption of production at the Moskvich auto plant. An analysis of the existing facilities showed that production could be resumed within two days. Brief. (B1)

The Novolipetsk Metals Combine's net profit for 2002 jumped more than 150 percent year-on-year, amounting to 15,098 billion rubles. Brief. (B1)

The Krasnoyarsk region in July may revoke Yeniseineft's license to develop the Vankorsky gas and oil deposit unless, owner the oil company begins working to meet the license agreement. Brief. (B1)

Sibur looks ready to sack Dmitry Fomchenkov, general director of the Ural Tire Plant, and replace him with a protege from Gazprom. (B2)

U.S. Steel has signed a final agreement on absorbing National Steel for $850 million. (B2)

The Tvel concern hopes to be able to reduce its dependence on the import of raw materials for the production of heat generating elements for nuclear power plants. (B3)