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. Last Updated: 07/27/2016

Press Review

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


On All Fools' Day, the war in Iraq has become the butt of most jokes posted on the Internet. Izvestia retells some of them, saying that it would not dare to do it on any other day but April 1. Many papers devote their stories to this day. (1, 3, Rossiiskaya Gazeta, 9, Vremya MN, 1, Komsomolskaya Pravda, 3, Nezavisimaya Gazeta, 12, MK, 1)

A story describes military and diplomatic developments in and around Iraq on March 30 and 31. (1,2, Kommersant, 10, Krasnaya Zvezda, 3, Rossiiskaya Gazeta, 4, Vremya Novostei, 1-3, Vremya MN, 5, Gazeta, 4, Nezavisimaya Gazeta, 6, Trud, 4, Komsomolskaya Pravda, 2, MK, 4)

Expressing his concern over the possible destruction of Iraq's culturally significant treasures in the current war, Culture Minister Mikhail Shvydkoi gave U.S. Ambassador to Russia Alexander Vershbow a list of cultural monuments. Mikhail Piotrovsky, director of St. Petersburg's Hermitage Museum, compiled the list, which was also sent to UNESCO. In an interview, Piotrovsky speaks about these historic monuments and about his meeting with Saddam Hussein. (1,2, Rossiiskaya Gazeta, 6)

Indignant blood donors upset over a government decree canceling their social benefits are holding acts of protest in many Russian regions. A story describes several of the demonstrations and notes that selling blood remains a source of income for many impoverished Russians. (2)

In honor of All Fools' Day, one Izvestia story reports that performer Nikolai Rastorguyev has a candidate to head the Defense Ministry. (3)

On Monday Deputies Andrei Vulf and Iosif Kobzon submitted a draft federal bill to the State Duma concerning guest performances and concert activity. A story examines the document's major provisions. (3, Kommersant, 8, Vremya Novostei, 5)

The Audit Chamber on Monday reprimanded St. Petersburg Governor Vladimir Yakovlev for ignoring the chamber's demand for a report on the use of budget funds earmarked for the city's 300 anniversary. (3, Kommersant, 3)

Experts from the Institute of Applied International Studies say that a U.S. defeat in the war on Iraq would cost Russia a much higher price than would the defeat of Saddam Hussein. (3, Nezavisimaya Gazeta, 2)

On Monday the commission responsible for drafting the constitutional act for the Russia-Belarus Union State made public a draft of the document. A story comments on its content. (3, Nezavisimaya Gazeta, 2)

Valentin Pavlov, former Chairman of the USSR Cabinet of Ministers died on Sunday after a long illness at the age of 65. Brief. (3,Kommersant, 8, Rossiiskaya Gazeta, 9, Gazeta, 2, Vremya Novostei, 1, Komsomolskaya Pravda, 4)

On Monday the Russian Embassy in Vilnius sent the Lithuanian Foreign Ministry a note complaining of several acts of hooliganism directed at Russia. Brief. (3)

Five public medical clinics in the United States are offering $2,000 to those willing to test a new anti-anthrax vaccine. The U.S. government paid for advertisements in several major newspapers to publicize the campaign. (4)

Entrepreneurs in the State Duma are firmly opposed to an article in the Land Code, which demands that industrial enterprises either purchase or lease the land under their industrial facilities by Jan. 1, 2004. A story examines the issue. (5)

On Monday the deputy head of the Central Bank, Oleg Vyugin, stated that the inflation rate for 2003 could be as high as 13.5 percent is the government fails to implement a tougher fiscal policy. (5)

On Monday the European Commission announced that that the euro zone's business climate index fell to a record low level for the month of March. Brief. (5)

President Vladimir Putin has signed into law legislation concerning electrical energy. Brief. (5, Rossiiskaya Gazeta (the full text of the document), 9-12)

On Monday Standard & Poor's released a report regarding the current reforms at Unified Energy Systems. Agency analysts believe that a major problem of reform is growing tariffs. (5)

According to Economic analysts, the Russian economy will continue to do well in the 2nd quarter of 2003, but an increased inflow of export currency may cause a rise in inflation. Seven economic and financial experts share their forecasts. (5

A story examines how the International Monetary Fund has reacted to the current military campaign in Iraq. Two pie charts. (5)

At a meeting on Monday, Avtobank shareholders decided to rename it into Avtobank-NIKoil and to increase its charter capital by 4 times. A story comments on the decision. (6, Kommersant, 15)

The Finance Ministry's Internal Debt Board publicly announced that proceeds from state bonds in March amounted to 28.449 billion rubles. Brief. (6)

Russia's foreign debt payments for the months of April will amount to $1.017633 billion. Brief. (6)

The Magnitogorsk Metals Combine in the Chelyabinsk region intends to apply to Alfa-Bank for a $100 million credit. Brief. (6, Kommersant, 16)

Russia has lost its place as the world's most attractive emerging market. Global investors are now choosing to invest in Latin America and Turkey. (6)

On Monday Gazprom signed an agreement LUKoil to purchase gas from LUKoil's Nakhodka deposit on Yamal. A story comments on the deal. (7)

Krasnogorsk municipal authorities intend to build a 2-kilometer-long toll road. A story looks at the project. A map. (9)

On Monday Moscow's Golovinsky Court acquitted Azeri businessman Frank Elkaponi (a.k.a. Fizuli Mamedov) on charges of drug possession. A story details the case. (10, Kommersant, 1, Gazeta, 1,7)


Both the CIS Oil and Gas Forum and the Russian Economic Forum opened in London on Monday. A story looks at the programs for both events. (1)

On Monday Anti-Monopoly Minster Ilya Yuzhanov tried to convince President Vladimir Putin of the need to broaden the ministry's responsibilities. A story comments on the issues discussed at the meeting. (2)

On Monday Federation Council Sergei Mironov began a seven-day tour of Central Asia in Kazakhstan, where he intends to sign a protocol on cooperation between the Senates of both countries. A story describes his proposed plan. (2)

Mikhail Sudas, first deputy director of Dinaz-Nafta, has been arrested in Moscow on charges of bribery. A story details his case. (5)

The so-called atypical strain of pneumonia is rapidly spreading. A story describes the deadly virus, and comments on the death of its latest victim, 47-year-old epidemiologist Karlo Urbani, who died in a Bangkok hospital. (6)

Former British Foreign Secretary Robin Cook has called on U.S. President George W. Bush and British Prime Minister Tony Blair to put an immediate end to the war in Iraq. (9)

Sergei Karpov, head of Russia's nascent gas exchange, talks about the first day of trading on Monday. (13)

Representatives from several metals companies Monday sent letters to Deputy Prime Minister Alexei Kudrin and Economic Development Minister German Gref with a request to double export duties on ferrous metal scrap to 30 euros per ton. A story comments on the proposal. (13)

As of April 1, oil companies will pay a record high export duties on oil and oil products. To partially compensate for the high oil duties, oil companies will be allowed to increase exports. (15)

On Monday the price of palladium fell to a six-year record low level of $178 an ounce. A story comments on the situation on the world palladium market. (15)

On Monday shareholders in the Voronezh Joint-Stock Aircraft-Building Society approved the plant's merger with the Ilyushin Corporation. A story comments on the move. (16)

On Monday Slavneft applied to Belarussian President Alexander Lukashenko with a request to allow it to buy a controlling stake in the Mozyrsky oil refinery. A story looks at the possible deal. (16)

A story details the purchase of the Gzhelka trade mark by former Rosspirtprom director Sergei Zivenko. The trademark used to belong to Moscow's Kristall vodka distillery. (17)

On Monday the Russian Chocolate factory stated its intention to invest $8 million in the first stage of the construction of chocolate factory in Ukraine. The factory is expected to have a capacity of 7,000 tons a year. Brief. (17)


A story examines how Aeroflot managers intend to divide the 2002 record profit, which amounted to 3,198,469,000 rubles. (A1)

Mobile TeleSystems may face unexpected judicial problems. St. Petersburg student Igor Nevzorov has filed a suit against a local MTS branch, demanding the restoration of cheap inter-network calls. A story details the case. (A1)

The Economic Development Ministry has uncovered almost 10 billion rubles in superfluous money possessed by state ministries and departments. There is a proposition to cut spending on the state apparat by 15 percent. A story comments on the proposal saying when it could come into force. (A1)

The Finance Ministry has submitted a draft bill to the government that envisages simplified access to a regressive social tax, the canceling of control over the population's spending and also property deductions for individuals. Brief. (A1)

Senator Ivan Starikov and Former Director-General of Gazprom-Media Alfred Kokh are both going for the post of chief manager of the Union of Right Forces party. A story looks at the candidates. (A2)

Channel 6 shareholders are once again seeking a director-general for their company. A story describes their efforts. (A2)

Former Deputy Prime Minister Alexander Shokhin, who now heads a working group in charge of administrative reform with the Union of Industrialists and Entrepreneurs (RSPP), has proposed to cut the number of ministries by a third. RSPP hopes that the president will endorse the new model of executive power by the presidential elections. (A3)

A story examines several factors that are holding back Russia's accession to the World Trade Organization. (A3)

TsentrTelecom Director-General Ruben Amaryan, who took up this job late last year, speaks about his company and its plans. (A5)

A story offers an analysis of the salary of heads of big domestic companies with reference to the site. (A7

Vedomosti. Companies and Markets& MARKETS SUPPLEMENT

Visa plans to use its global network for transferring money. This service has already been offered by the Latvian Parex Bank and Ukrainian Privatbank. A story examines Visa's project. (B1)

The Fortune magazine published rankings of the 2002 profits of 500 large American companies Monday. A story looks at several companies with big profits. (B1)

Structures representing the interests of MDM-Bank have nominated five candidates to the new Kuzbassenergo Board of Directors. They represent two offshore companies that together own over 34 percent of all Kuzbassenergo. Brief. (B1)

John Barry has become the new President of Shell Exploration and Production Services. He has also been appointed to the post of head of the Royal Dutch/Shell concern in Russia. Brief. (B1)

Transnefteprodukt will most probably realize the construction of an oil pipeline from Moscow to Yaroslavl jointly with an oil company. This was said by the company's President Sergei Maslov. Brief. (B1)

The net profit of GAZ (part of Ruspromavto) in 2002 amounted to 214 million rubles. This is five times more than the figure for 2001. This was announced by GAZ Director-General Alexei Barantsev. Brief. (B1)

The American Pratt & Whitney company which is claiming a blocking package of stock in the Perm Motor Plant has been told to cut its share in another Perm enterprise, Aviadvigatel. If not, its license in Aviadvigatel may be suspended. (B2)

The GM-AvtoVAZ joint stock company is today to transfer to a two-shift work schedule. In August the company will proceed to a three-shifts schedule. Brief. (B2)

Energomashexport-Siloviye Mashiny and the Electroenergy Company of Serbia on Monday signed an agreement to renovate the Dzherdap-1 power station on the Danube River. Brief. (B2)

U.S. aviation companies will soon be able to receive long-awaited state subsidies amounting to $2.8 billion. The U.S. Republican Party has submitted package of bills to the Senate a aimed at supporting the aviation industry. (B2)

The process of SUAL merging with aluminum plants controlled by SevZapProm is continuing. Two SevZapProm representatives at the SUAL shareholders' extraordinary meeting joined the SUAL Board of Directors. (B2)

Gazprom will at last become a co-owner of the Kaunas heating station, a large electrical energy station in Lithuania. A story comments on the deal. (B3)

Nezavisimaya Gazeta

Nezavisimaya Gazeta has published a list of the 100 most effective policy-makers in Russia for the month of March. The list is based on the results of a poll conducted by the Center for Public Opinion Studies. (1, 10)

The U.S. Congress intends to make public information about an alleged secret fund maintained by Belarussian President Alexander Lukashenko. The fund allegedly exceeds country's annual budget several times over and has reportedly been created from revenues derived from arms sales. (1, 5)

In an interview, State Duma Vice Speaker Irina Khakamada reflects on Russia's role in the reconstruction of Iraq after the end of the U.S. led invasion. Khakamada stresses that Russia should begin serious talks with the United States regarding a new system of collective security for the country. (2)

Russia has lost the war in Iraq and, therefore, should urgently make amends with the United States. This controversial assertion was made on Monday at a roundtable discussion sponsored by the Institute of Applied International Studies. An article comments on the opinions of several leading Russian political scientists. (2)

Rossiiskaya Gazeta

Document. A presidential decree regarding the draft and discharging of soldiers from the armed forces. Full text. (1)

In an interview, Pension Fund head Mikhail Zurabov elaborates on the tasks related to pension reform. (1,3)

In an interview, Culture Minister Mikhail Shvydkoi discusses the results of his meeting on Monday with Prosecutor General Vladimir Ustinov. (4)

Culture Minister Mikhail Shvydkoi and U.S. Ambassador Alexander Vershbow met on Monday to discuss several issues, including the preservation of ancient monuments in Iraq. (6)

A government commission responsible for minimizing state expenditures is expected to present the results of its activities for 2002. A story comments on the commission's major achievements. (6)

Document. The Federal Law concerning electrical energy. Full text. (9- 12)

In an interview, Deputy Economic Development Minister Muhamed Tsikanov elaborates on the social and economic development of the Russian regions in 2002. Tsikanov also speaks about several specific features of this year's regional policy. Rossiiskaya Biznes-Gazeta (RBG) Supplement. (1,3)

The war in Iraq could radically affect the world oil market and, as a result, have negative consequences for Azerbaijan and Georgia. A story comments on the possibility. RBG Supplement. (2)

Komsomolskaya Pravda

A brief looks at why the Volzhsky automobile plant increased the sale prices of its cars on Monday. (2)

One of George W. Bush weak points is his use of the English language. Many expressions that Bush often uses have been dubbed "bushisms." As a result, a recently published second volume of bushisms has become a bestseller. A story comments on Bush's colorful use of language. (4)

As of April 1, pensioners will receive a 135-ruble increase in their monthly pensions, and pensions will increase on an average of 265 rubles during 2003. (5, Rossiiskaya Gazeta, 1,3)

Document. The Order of Feb. 22, 2003 of the Moscow Interior (Police) Department signed by Chief Policeman Vladimir Pronin. The order prohibits city police from groundlessly checking documents. The full text of the document and a commentary. (7, Rossiiskaya Gazeta, 2)

In a far-ranging interview, Defense Minister Sergei Ivanov shares his views on the current U.S.-led operation in Iraq and comments on the tactics used by American forces. Ivanov also shares his views on the recent constitutional referendum in Chechnya. (8,9)

To mark April Fools' Day, comic actor Vladimir Danilov parodies several prominent Russian politicians, including Vladimir Putin, Vladimir Zhirinovsky and Boris Yeltsin. (10)

Moskovsky Komsomolets

The project to erect a monument to Mikhail Bulgakov at Patriarch's Ponds has been revised following the vehement protests of local residents. A story describes how the project will look when it is finished and notes that the large Primus stove, initially meant to be included in the monument, has been allegedly bought by Gazprom and will be placed in front of the company's building. (1, 4)

On Monday the Moscow government endorsed a draft bill intended to combat alcoholism. If passed, the bill could take effect as early as June 1. A story examines the document. (1,2)

A story comments on an international scandal brewing over the results of Russia's European Cup qualifying match against Albania. A story details the scandal. (1,8)

The government has submitted a draft bill concerning the so-called "tax on the army service." A story comments on the document and compares it with a similar law in Georgia. (1)

Kremlin administration head Alexander Voloshin issued an internal instruction banning all jokes in offices on April 1. (1)

The East Line company, which manages Moscow's Domodedovo Airport, has completed a grandiose project to create a transport junction that will bring together an airport, railway and river terminals. A story comments on the project. (1)

A court hearing on the extradition Boris Berezovsky is expected to take place in London on April 2. A story looks at several new allegations made against Berezovsky by the Prosecutor General's Office. (2)

Interior Troops Commander-in-Chief Vyacheslav Tikhomirov has announced the coming emergence of new power structure, dubbed the National Guard. The new strucure, which will be composed of troops from the Interior Ministry, will be created within the next two to three years. A story examines the project. (2)

Twenty-four families having the surname Bush and eight families with the surname Hussein currently live in Moscow. A story reports on how several members of the various families regard the current war in Iraq. (2)