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. Last Updated: 07/27/2016

Press Review

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


Sports authorities have been bogged down in financial scandals and corruption. A story cites concrete facts and documents to illustrate the point. In a short interview, high-ranking State Sports Committee official Andrei Rumyantsev comments on the accusations. (1,15)

The Military Collegium of the Supreme Court on Tuesday annulled a verdict handed out by the Moscow Regional Military Court in the murder case of Moskovsky Komsomolets journalist Dmitry Kholodov. The Supreme Court ordered a retrial for six men who were acquitted last year. A story comments on the high court's decision. (1,2, Kommersant, 5, Rossiiskaya Gazeta, 1, Gazeta, 1, Vremya Novostei, 3, Vremya MN, 1, MK, 1)

Petersburgers saw their city in its full glory Tuesday when it suddenly acquired the image of a European capital city. A story describes how splendid the city looks and lists many of the festive events devoted to the 300th anniversary celebrations. (1,2, Kommersant, 8, Rossiiskaya Gazeta, 2, Gazeta, 2, Vremya Novostei, 2, Vremya MN, 2, Krasnaya Zvezda, 1, Moskovskaya Pravda, 1, 2 Komsomolskaya Pravda, 8,9, MK, 3

Specialists at the Hong Kong University's medical faculty have developed an anti-SARS vaccine that is currently being tested on monkeys. A story comments on the sensational news. (1,10)

Izvestia's editorial is devoted to St. Petersburg maternity wards that were the first to celebrate the city's birthday. Babies who were born on May 27, the city's 300th birthday, will reportedly be marked down in the history books. (2)

The first daytime parking lot, the only one in the city, was opened in Moscow on Tuesday as a one-year experiment. Its preliminary results will be summed up in a month. A story describes its first day of operation while commenting on the aims of the experiment. (2, Kommersant, 7, Vremya MN, 2)

Federation Council Speaker Sergei Mironov has sacked his deputy Andrei Vikharev for incompetence and inefficiency. A story comments on the speaker's decision. (3, Kommersant, 2, Gazeta, 3)

On Tuesday representatives from the Election Commission and the Press Ministry discussed how mass media outlets should be reprimanded for violating the new regulations on election coverage in the media. A story examines various proposals, noting that the State Duma is expected to pass in the second reading a draft bill allowing the ministry to suspend the operations of any media outlet that has received two warnings. (3, Kommersant, 3, Gazeta, 3, Nezavisimaya Gazeta, 3)

Presidential human rights representative in Chechnya Abdul-Khakim Sultygov has proposed the creation of a national commission to investigate crimes against civilians in the republic. Brief. (3)

Chinese head of state Hu Jintao will take part in a Moscow summit of the Shanghai Cooperation Organization and then will fly to St. Petersburg to attend the city's 300th anniversary celebrations. A story comments on the significance of Hu Jintao's official visit. (3, Kommersant, 10, Rossiiskaya Gazeta, 3, Vremya Novostei, 1,Nezavisimaya Gazeta, 1,2, 6, Trud, 1,4, Komsomolskaya Pravda, 4)

Presidential elections in Karachayevo-Cherkessia are scheduled for Aug. 17. A story looks at specific features of this election campaign politically active and effective opposition to President Vladimir Semyonov. (3, Kommersant, 3)

Vologda Governor Vyacheslav Pozgalyov, local businessmen, directors of industrial enterprises and administration officials on Tuesday took part in an event aimed at attract foreign capital to the region. A story describes the presentations made. (4)

State Duma deputies and local authorities have unexpectedly opposed a proposal to abolish a 5-percent sales tax on good and services. Deputies say retail prices will not decrease even if the tax is abolished and that the regions will lose billions of rubles. A story comments on the controversy. (5, Kommersant, 15, Vremya Novostei, 1, Vremya MN, 2)

The law on technical regulation will take effect starting July 1. A story examines its major provisions of a new law on technical regulations, which comes into effect on July 1. (5)

The board of directors of Transnefteprodukt held a session on May where First Deputy Property Minister Yury Medvedev called the company one of the most dynamically developing state-run companies. In an interview, the company's president, Sergei Maslov, speaks about his company's achievements, focusing on its future plans. (5)

Mosgorteplo's huge outstanding debt to Mosenergo could leave Muscovites without hot water. A story comments on the problem. (5)

A story explains why eleven daily flights from St. Petersburg's Pulkovo airport to Moscow Sheremetyevo airport could be cut. (6)

On Tuesday Transneft President Semyon Vainshtok announced that a change in the direction of oil flows in the Odessa-Brody pipeline project would increase Russia's oil export capacity by 9 million tons. A story reveals the essence of this proposal. (6)

The government commission responsible for regulating the alcohol market late is expected to revise a bill concerning the inclusion of imported alcohol into the excise warehouses system. Alcohol importers have warned of the negative consequences of this proposal. A story comments on the issue. (6)

Companies have begun to publish their financial reports for 2002. The general rating of the oil and gas companies' long-term investment attractiveness last week decreased by 0.02 percent to 302.48. A story examines several such reports, citing experts' views. (56)

Unified Energy Systems head Anatoly Chubais has provoked a sharp 6 percent increase in UES shares by proposing to reform the energy holding in such a way that shareholders could quickly exchange stakes in the company for shares of the most profitable part of the present monopoly. The government supports Chubais' idea, though it's unclear whether such a scheme is good for the state. A story reveals the essence of the initiative. (6)

On Tuesday Tatarstan's Labor Minister Boris Zakharov stated that Tatneft intends to lay off 10,000 people by the end of this year. Brief. (6)

Hans Joachim Kerber, head of Metro AG's management board, has stated the German retail giant's willingness to invest up to 1 billion euros in the Russian economy. Brief. (6)

According to the Economic Development and Trade Ministry, Russia in January-June 2003 will have cut automobile production by 5.3 percent as compared with the same period last year. Brief. (6)

OST Group has bought a controlling interest in the Moscow region's Dmitrov vodka distillery. Brief. (6)

Five domestic insurance companies have merged to ensure the sound management of the population's pension accumulations. Four experts share their views on the companies' decision. (7, Kommersant, 14)

According to results of a recent public opinion poll, 12 percent of drivers have no intention to buy the car insurance required by law starting in July. A brief gives other results of the poll. (7)

Several stories are devoted to the acute issue of environmental protection. (8)

According to Mayor Yury Luzhkov's directive, high-school students will have to attend military training sessions this summer, according to the federal law concerning the military service. Brief. (9, Gazeta, 2)

The fourth Metro retail complex will open on Moscow's Ryabinovaya Ulitsa on June 10. A brief describes the new store. (9)

In its continuing investigation into the murder of State Duma Deputy Sergei Yushenkov, the Prosecutor General's Office Tuesday searched the offices of LogoVAZ and the Liberal Russia party faction loyal to Boris Berezovsky. A story gives details. (10, Kommersant, 5)

An Izvestia Supplement is devoted to Kazakstan and its reforms. (11)


Domestic banks will soon stop informing tax agencies of transactions of private individuals of amounts more than $10,000. The presidential administration has submitted to the government a presidential draft bill canceling former President Boris Yeltsin's decree. (1)

According to a recent Constitutional Court ruling, any form of tax evasion will be severely punished. A story comments on the court decision. (1)

Channel One, which officially organized Tatu's participation in the Eurovision contest in Riga on May 24, is challenging the duo's third place finish at the event. A story describes what actions the channel has taken so far. (1)

On Tuesday the U.S. Finance Department announced that it had lifted a major part of the trade sanctions against Iraq. A brief provides a short commentary. (1

On Tuesday the Constitutional Court began to consider a series of complaints from the Moscow Independent Broadcasting Corporation (MNVK). A story details the case. (2)

The U.S. Congress held a closed-doors session on Tuesday to endorse a new position in relation to Iran. A story comments on the possible position taken by the United States and provides commentary by political analyst Gennady Sysoyev. (9)

Turkey's Energy Minister Helmit Gyuler said Tuesday that his country is willing to go to court to make Gazprom lower the price of gas delivered through the Blue Stream pipeline. A story describes reasons behind his threats. (13)

Alfa-Eko and its subsidary Golden Telecom have reportedly bought GSM operator Sibchallenge, which operates in the Krasnoyarsk region. A story comments on the deal. (13)

Vneshtorgbank and the European Bank for Reconstruction and Development signed an agreement on Tuesday regarding the sale of the Russian bank. A story comments on the deal in detail. (14)

The RTS stock exchange Tuesday set a new 5-year record -- 461.1 points. What exerted the strongest influence on the index was the securities of the Unified Energy Systems. (14)

The euro-dollar exchange rate on Tuesday exceeded the maximum figure. A story features the euro's successes, focusing on those pleased and displeased at its growth. (14)

A story features several Western companies that have opened restaurants and cafes in Russia this year. (20)


The presidential property department has spent $290 million on the major renovation project of the Konstantinovsky Palace instead of the originally planned $150 million. (A1)

Svyazinvest intends to implement the Oracle management system at a cost of $290 million. A story describes the system, singling out its impressive scale. (A1)

The management board of Moscow Narodny Bank has decided to privatize the company as soon as possible. With this aim in view its President Igor Suvorov proposed that the Central Bank sell its 20 to 30 percent stake in the bank this year. Suvorov himself would like to buy 50 percent of the package and is already seeking a creditor for this deal. (A1)

According to the Economic Development and Trade Ministry, Russia's gross domestic product for the January to April period grew by 6.6 percent over the same figures for last year. Brief. (A1)

The Audit Chamber has discovered that six oil traders in Mordovia have, over the past two years, saved over 37 billion rubles in tax benefits. Though the Finance Ministry regrets the loss of revenue, it has no intention of demanding that the oil companies repay the money, and instead will simply annul further benefits to Mordovia, as of Jan. 1, 2004. (A2)

Moscow and Beijing have signed a deal concerning Russia's role in providing military hardware for the Chinese military. The deal was brokered Tuesday during Chinese President Hu Jintao's visit to the Russian capital. (A2)

Moscow City Hall has approved a super-conservative budget-2004 that proposes that expenditures will grow less than the city economy as a whole. As a result, several investment programs have been cut. A story examines the budget's major parameters. (A3)

U.S. Defense Secretary Donald Rumsfeld has outlined 17 principles that are intended to lead to a free Iraq. His statement was published by Vedomosti. (A4)

Should the wealthy support the poor? Four experts share their views on the issue. (A4)

In an interview, Sverdlovsk regional Governor Eduard Rossel speaks about his duties and responsibilities as governor, and about his supporters and opponents. Rossel also called his relations with the local KPRF as constructive. (A5)

Vedomosti. Companies and Markets

On Wednesday Yukos could receive guarantees from China National Petroleum Corp. on the purchases of hundreds of millions of tons of Russian oil for a period of 25 years. The two companies plan to sign such an agreement in the presence of Prime Minister Mikhail Kasyanov and Chinese head of state Hu Jintao. (B1)

It has come to light that the Central Bank secretly deposited about $100 million in Rosbank in 2002. The account was closed by the end of the year. A story commented on the deal, and cites the opinions of major analysts. (B1)

SPI Group has taken over the management of the City company, which is responsible for the construction of the $10 billion Moscow-City project. (B1)

An unidentified investment bank has revoked its proposal to buy $100 million worth of shares in the American StillWater Mining Company. Brief. (B1)

Transneft President Semyon Vainshtok announced his company's intention to issue a 12 billion-ruble bond no later than August 2003. Brief. (B1)

Mikhail Chechetov, head of Ukraine's State Property Fund, announced that his agency plans to sell a 43.054-percent stake in Ukrtatnafta. Brief. (B1)

A story explains why AvtoVAZ shareholders' will be unable to endorse the size of dividend payments for 2002 at their upcoming annual meeting on May 31. (B2)

Sevmorput-Kapital, which operates two steamship-lines, has become interested in the timber and logging business and is currently working out a deal to purchase a 25-percent stake in Arkahangelsk's Rossnor company. (B2)

Nezavisimaya Gazeta

On Tuesday, the leaders of Russia and China -- Vladimir Putin and Hu Jintao -- signed the joint declaration on bilateral relations. Neither side overtly criticized the United States for the war in Iraq. A story examines the declaration. (1, 6)

Presidential economic adviser Andrei Illarionov was furious when he learned about the Finance Ministry's proposal to leave existing taxes intact. A story outlines Illarionov's views on taxation. (1, 3)

In an interview, Audit Chamber head Sergei Stepashin states that billions of rubles allocated from the federal budget for St. Petersburg' s 300th birthday were spent inefficiently, prompting the opening of 50 criminal cases. (1, 2)

Rossiiskaya Gazeta

The Moscow city government Tuesday approved a 2004 draft city budget. Mayor Yury Luzhkov has labeled it "preliminary" and "pessimistic." (1, 2)

The 5th International Bohemia Jazz Festival opened in the Rossiya Concert Hall on Tuesday. Top jazz musicians, together with environmentalists from the World Wildlife Fund, decided to work together for the protection of the natural environment. A story describes the event. (2)

Chief Sanitary Physician Gennady Onishchenko discusses pollution in Siberia and its health dangers. (2)

The State Council Presidium will consider issues connected with culture. A working group has drafted a special document entitled "The State and Priorities of Cultural Development in Russia." A story describes the working group and its activities. (3, Nezaviasimaya Gazeta, 2)

May 28 marks Border Guard Day. In an interview, First Deputy Director of the Federal Border Service Nikolai Reznichenko discusses what his agency will do when the Federal Border Service is abolished on July 1. (3)

The EU-Russia summit will open in St. Petersburg on May 31. In an interview, head of the European Commission mission in Russia Richard Wright discusses the upcoming summit, integration into the European Union and visa issues. (4)

In an interview, First Deputy Finance Minister Alexei Ulyukayev comments on the economic aspects of President Vladimir Putin's recent state of the nation address. He focuses on government policy toward the ruble, the dollar and other currencies (5)

Despite demands from officials for state control over vodka production, the vodka market is controlled by private dealers. They and not the state budget collect the lion's share of profits. A story describes the sector. (6)

Komsomolskaya Pravda

Ulyanovsk governor Vladimir Shamanov's Audi is worth $500,000. A story doubts the car could save him in an assassination attempt.

A story describes how to place an advertisement on a space shuttle and how much it would cost. (4)

Former head of the Komi Republic Yury Spiridonov, whose tenure lasted for more than 10 years, has left ordinary people poorer and the republic bogged down in corruption. A story describes the former governor's penchant for swindling. (4)

An exhibition dubbed "Eros Moscow 2003" will open today at the National Exhibition Center, known formerly VDNKH, and will run until June 1. A story describes some of the exhibits. (6)

Moscow City Hall has promised, as of Jan. 1, 2004, to pay Muscovites $1,000 for having a third baby. Two months ago city authorities promised to pay $1,000 for a first baby. (7)

Up to 45 presidents, heads of government and VIP guests from all over the world are expected to arrive in St. Petersburg to attend the city's 300th anniversary. Komsomolskaya Pravda publishes a list events awaiting the guests. (8, 9)

Yabloko leader Grigory Yavlinsky arrived in Perm late last week to sign an agreement on cooperation between Yabloko and the Perm region. "We are willing to represent the region's interests at all levels," Yavlinsky noted. A story examines the agreement. (9)

In an interview, Viktor Lukashenko, the oldest son of Belarussian President Alexander Lukashenko, talks about his life, family and relationship with his father. (11)

A story describes how people have lost faith in the dollar and are rushing to banks to exchange them for rubles. (12)

Muscovite Yevgenia Tomkovich, 24, has been selected to represent Russia at the "Mrs World" contest. A story describes Yevgenia as a worthy candidate. (17)

Moskovsky Komsomolets

The map of the Moscow region may be re-carved soon. Several areas in the Sergiyevo-Posad District may join the Vladimir region. A story describes the worries of local residents. (1, 2)

The 25th Moscow International Film Festival will be held from June 20 to June 29. Film star Gina Lollobrigida will come to Moscow to present a retrospective of her films. A story looks at the festival schedule. (7)

In a short interview, Moscow government minister Alexander Muzykantsky discusses the fate of the television channel TVS. (3)