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. Last Updated: 07/27/2016

Press Review

Vedomosti. Companies and Markets
Rossiiskaya Gazeta
Moskovskiye Novosti
Komsomolskaya Pravda
Moskovsky Komsomolets


The fate of Yukos, which has managed to regain its strength on the oil market over the past two days, strongly depends on its upcoming merger with Sibneft. A story describes how this deal originated and those factors that may hinder its success. (1,5, Gazeta, 7, 9, Vremya Novostei, 7, Vremya MN, 3, Nezavisimaya Gazeta, 1,3, MK, 4)

Former LogoVAZ general director Yury Dubov, currently living in London, is known as a writer and is one of those accused in the criminal case against Boris Berezovsky. His new book about Russia titled "Varyagi i Voryugi" (Varagians and Thieves) has been launched in Moscow. In an interview, Dubov speaks about his boss and his life in Britain. (1,3)

Omsk regional governor Leonid Polezhayev answers questions from Izvestia readers about what worries them most of all (bread, army service, jobs for the disabled and the Avangard soccer club, among other topics. (1,3)

Russia's domestic special services believe that the seizure of the Dubrovka theater last year, the blast at McDonald's in south-west Moscow and the recent terrorist act in Tushino are the acts of the same terrorist group. The number of people still in Moscow hospitals with injuries sustained in the Tushino blast stood at 38 Monday. Five of them remain in critical condition. Mayor Yury Luzhkov has declared July 8 a day of mourning for the victims. A story examines the latest reports from the special services about the Tushino terrorist act and its victims. (2, Kommersant, 3, Rossiiskaya Gazeta, 1, Gazeta,3, Noviye Izvestia, 3, Vremya MN, 1,3, Vremya Novostei, 1, 2, Nezavisimaya Gazeta, 1,9,Zhizn, 2,Komsomolskaya Pravda, 1-3, MK, 1,2)

The Prosecutor General's office may open another two criminal cases against top managers of Yukos and Group Menatep, on accusations of embezzlement. A story describes the cases, focusing on the reaction of the Menatep press service. (2)

The British magazine "The Banker" has published an annual ranking of the 1000 largest world banks by capital. The brief follows the growth of Russian banks. (2)

ATMs owned by IMPEXBANK now offer offers clients not only dollars and rubles, but euros as well. Brief. (2)

The new PACE reporter on Chechnya, Andreas Gross, who has replaced Lord Frank Judd, is arriving in Russia Wednesday for a two-day visit. Any improvement in Russia's relations with PACE will depend largely on Gross. A story examines his itinerary while in Russia, noting that Russian parliamentarians intend to seek a Chechen settlement, keeping the involvement of their European colleagues to a minimum. (3)

At a meeting with government officials Monday, President Putin stated that the terrorists operating out of Chechnya are part of an international terrorist network and must be destroyed. Brief.(3, Kommersant, 3, Nezavisimaya Gazeta, 1, 9, Komsomolskaya Pravda, 3)

Purchases of goods made by several federal departments and regional governmental organizations have violated the law, according the president's chief monitoring department. Brief. (3)

Britain plans to sign an agreement pledging $56 million to the maintenance of Russia's nuclear submarines in the fall of 2003. Additional planned agreements concern other nuclear-related ecological projects in Russia. News of the agreements was given on Monday by Deputy Nuclear Energy Minister Sergei Antipov. Brief. (3)

On Monday Sverdlovsk regional governor Eduard Rossel submitted his intention to run in the upcoming gubernatorial elections to the Regional Election Commission. The elections are scheduled for September 7. Brief. (3, Vremya Novostei, 4)

The government is expected to discuss the final version of a plan to move the army to a voluntary system this Thursday. The plan was disclosed by Defense Minister Sergei Ivanov during special military exercises in the Ivanovo region involving units of the Moscow Military Districts. A story describes the exercises, their participants and results. (3, Rossiiskaya Gazeta, 2, Krasnaya Zvezda, 1, Vremya Novistei, 2)

Audit Chamber head Sergei Stepashin said Monday that the purchase of British soccer club Chelsea by Chukotka governor Roman Abramovich presents a political challenge to the country as a whole. Brief. (3, Kommersant, 1, Gazeta, 2, Vremya Novostei,1,3)

Ukrainian battalions (numbering 1,647 servicemen) will go to Iraq on July 15 to serve in the Polish administered zone. A story looks at the tasks ahead of them. (4)

Unified Energy Systems (UES) Monday made public its financial report for 2002, over which period its net profit decreased by 27 percent. This year the company's profit is expected to increase drastically. A story examines the report (facts and figures), saying that according to unofficial sources, UES will help the government pay the remaining part of Russia's debt to the Czech Republic this year. (5, Gazeta, 7, Vremya Novostei, 7)

Starting next week, Unified Energy Systems (UES) will manage the Armenian Nuclear Power Station for the next five years. The Armenian government believes that UES involvement in the Armenian nuclear power sector will help the country pay off its $16 million debt to Russia for nuclear fuel. A story examines how UES will benefit from this deal. (5)

American authorities expressed their willingness Monday to cancel the Jackson-Vanik amendment, which restricts Russian-U.S. trade if Moscow lifts its limits on American poultry imports. A story comments on the issues. (5)

The State Customs Committee Monday made public its order to cut the number of cigarettes private individuals can bring into Russia. As of the end of July, the limit will be 200 cigarettes. A story provides details. (5)

President Vladimir Putin signed a package of tax laws Monday. The brief examines changes. (5, Vremya Novostei, 4)

Planeta Group has signed an agreement on cooperation with managing company Permptitseprom. A brief examines what Planeta will acquire in the Perm region. (5)

The leadership of the Moscow Independent Broadcasting Corporation (MNVK, an owner of TV-6) announced Monday its willingness to sell 75 percent of the stakes owned by Boris Berezovsky. The stakes will be bought by the consortium that includes Video-International, Vneshekonombank, Rosmediacom, Sberbank and others. Brief. (5, Kommersant, 1,4, Gazeta, 1,2, Vremya Novostei, 1, Nezavisimaya Gazeta, 1,2, MK, 2)

Canada's Alcan, the world's second-largest aluminum producer, has allocated $3.88 billion to absorb the French Pechiney Aluminum Company. A story describes the possible deal, saying that it will have a negative affect on Russian SUAL's joint venture with Pechiney. (6)

Last week was a rough one for domestic oil and gas companies. A story examines why, placing the rating of the sector's investment attractiveness at 303.17, down 0.34 percent. Two analysts share their views. (6)

Economic Crime Department officers have discovered an illegal underground factory on the territory of a defense enterprise in Tushino that has been producing fake perfumes and selling them under the guise of world-famous brands. A story gives details. (7)

The Labor Ministry has drafted a Gender Strategy for Russia. A story examines the document, which is based on international norms, focusing on its major aim to help women acquire equality with men. (9)


It was announced Monday that the Liberal Russia party has passed party leadership duties from Boris Berezovsky supporters to Ivan Rybkin, former Security Council Secretary. Boris Berezovsky will be responsible for the party's strategy and Rybkin for its tactics. A story comments on Rybkin's new party job, focusing on views of several party members. (2, Gazeta, 3, Nezavisimaya Gazeta, 2)

A story examines results of Sunday's gubernatorial elections in the Tver region. The winner was Tver City Duma deputy Oleg Lebedev, owner of local gas filling stations and a night club. (2)

The World Health Organization in Moscow on Monday presented its report "Violence and its Effect on Health: a World Perspective." A story examines the document, saying that Russia leads the world in suicides rates. (4)

The Prosecutor General's office issued an indictment Monday against former general director of the Spartak football club Yury Zavarzin, who now heads the Dynamo club. He is accused of embezzling funds. A story describes the case. (4)

The Yukos and LUKoil companies Monday made public their consolidated financial GAAP-based operational reports for the first quarter of this year. Both companies have managed to improve their financial results considerably. A story examines the reports from the country's top oil producers. (5)

Mikhail Dmitriyev, head of the Committee on Military and Technical Cooperation with Foreign States has signed a directive, providing St. Petersburg-based Admiralteiskiye Verfi with the right to deliver spare parts and services abroad independently. Brief. (5)

Canada's Hatch Kaiser Company has won the bid to modernize the equipment of the Sayany Aluminum Plant. Brief. (5)

The leadership of the Moskovskiye Novosti Publishing House has reached agreement on the sale of its 50 percent stock in the Radio Maximum station. Radio-holding Russian Media Group is the most likely buyer. (5)

A story examines new conditions that the European Union has placed on Russia in order to gain accession to the World Trade Organization. (6)

The working group on Russia's accession to the World Trade Organization (WTO) will hold a session in Geneva Tuesday. In June, Economic Development and Trade Minister German Gref promised that negotiations on this issue would be completed by 2004. In an interview, Alexei Mordashov, head of Severstal and the Union of Industrialists and Entrepreneurs' member responsible for Russia's accession to the WTO, comments on the issue. (6)

The government has approved the concept of increasing liquefied gas production for everyday needs. This comes as a pleasant surprise to oil companies, as it envisages the abolition of state price regulation on gas extracted with oil that is used to produce liquefied gas. A story explains. (6)

Inflation in June reached 0.8 percent according to the Central Bank. Brief. (6)

The purchasing ability of the dollar decreased by 11.9 percent in the first half of 2003 as compared with the figure for the same period last year. Brief. (6)

Mosregistratsia has resumed state registration of mortgage treaties of the Bank of Moscow and Sobinbank that were suspended in mid-June. (7)


The latest Central Bank statistics confirm the suspicion voiced by the Bank's head Sergei Ignatyev's about the coming dedollarization of the domestic economy. If in the early spring, banks invested $7 billion more abroad than they attracted from other countries, then, over three months, this difference decreased to $1.6 billion. A story comments on Ignatyev's statement. (A1)

Results from Alfa-Bank's activity on the retail market have puzzled the Central Bank and analysts. In April the bank released $600 million in credits to private individuals, which is more than all other domestic banks did in whole first quarter. (A1)

Self-exiled oligarch Boris Berezovsky has given up his shares in MNVK and with it the license for broadcasting on Channel 6. The oligarch hopes to come back to Russia and through court to win back his former "political resources." (A1)

President Putin has approved amendments to Article 6 of the law on currency regulation and currency control. According to the amendments, the amount of foreign currency earned through from exports that must be given up for obligatory sale on the internal currency market has decreased from 50 percent to 30 percent. Brief. (A1)

The Prosecutor General's Office has accused Yury Zavarzin, former director-general of the Moscow soccer club Spartak, of financial violations. Brief. (A1)

According to results of the recent poll taken by the Public Opinion Fund on what affects the army's fighting efficiency, only 1 percent of Russians answered contract-based army service. A story examines the results of the opinion poll. (A2)

The inflation rate for this June turned out to be higher than the figure for June 2002. A story explains why. (A3)

Three small oil companies have lodged complaints to the RSPP Corporate Ethics Commission against LUKoil, which, in their opinion, is blocking them access to its oil pipeline. A story details the case. (A3)

In an interview, PricewaterhouseCoopers head Samuel DiPiazza shares his impressions of the Russian auditing market, focusing on emerging tendencies. (A5)

Vedomosti. Companies and Markets

Yukos is continuing to prepare for its merger with Sibneft. The company announced Monday that it's willing to spend $3.7 billion to buy out 10 percent of its shares, most of which will probably go to Sibneft shareholders. A story offers analysts' views. (B1)

The Investment Trust Bank (formerly Trust and Investment Bank) intends to release eurobonds worth $250 million, Executive Vice President Bank Artashes Terzyan has said. Brief. (B1)

The MDM financial group, which last fall bought up shares in Unified Energy Systems, has turned out to be a shareholder of Sberbank. A story explains the group's interest in Sberbank. (B1)

France's Groupe Louis Dreyfus, a large private company and a leading global grain trader, is expanding its presence in Russia. It has bought a grain elevator in Volgograd and is considering the possibility of increasing its investments in Russia. (B1)

Gazprom head Alexei Miller on Thursday will visit Turkey to regulate disputes over the Blue Stream gas pipeline. The brief looks at the essence of the dispute. (B1)

The Mechel steel group may take part in the privatization of the Dunaferr RT metal enterprise, a leader in Hungary's steel industry. The news was disclosed by Mechel Communications department head Viktor Novichkov. Brief. (B1)

Slavneft's net consolidated profits in 2002 amounted to 13.43 billion rubles, which is 26.4 percent more than the figure for the same period in 2001. Brief. (B2)

LUKoil plans to announce the completion of a deal to sell the servicing company LUKoil-Bureniye over the next few days. LUKoil Vice President Leonid Fedun said his company would like this asset to be sold in parts. Brief. (B2)

A story gives facts to prove that the number of representatives of minority shareholders and independent members in domestic companies' boards of directors has decreased lately. The piece focuses on analysts' explanations. (B3)

Rossiiskaya Gazeta

In an interview, the presidential envoy to the Northwest Federal District, Valentina Matviyenko, a candidate for the post of governor of St. Petersburg, states how she envisions the upcoming gubernatorial elections scheduled for Sept. 21. (1, 4)

A story reflects on the upcoming Moscow mayoral election campaign and tries to answer the question: Who could defeat current mayor, Yury Luzhkov? (1,2)

The Health Ministry and leading specialists in the field of women's reproductive health have drafted a decree to reduce the number of circumstances in which abortions would be permitted from the existing 13 to three. A story examines the document. (2)

Political scientist Leonid Radzikhovsky examines the conclusions that can be drawn from the state's failure to prevent the terrorist act at the Krylya festival in Moscow. (3)

Amendments to federal laws required by the introduction of the law on people's election rights are published in full on the paper's pages ahead of their enactment. (12-15)

Moskovskiye Novosti #26

Political scientist Dmitry Furman examines the troubles oligarch Mikhail Khodorkovsky and his colleagues are experiencing, saying that they are not new. What is interesting in this case, he says, is what makes oligarchs behave in such a way to bring such trouble upon themselves. (5-9) editor Sergei Sokolov speaks about his magazine's recent conflict with Yukos. (9)

A story describes forces in St. Petersburg that are striving for the defeat of Valentina Matviyenko, the Kremlin's candidate in the gubernatorial elections scheduled for Sept. 21. (10)

In an interview, Audit Chamber head Sergei Stepashin talks about serious problems that his agency has come up against when tracking budget funds that have been funneled abroad. (11)

In an interview Deputy Economic Development and Trade Minister Andrei Sharonov comments on the economy in the first six months of the year, concluding that they were positive. (12)

In an interview Alexander Livshits, deputy director at RusAl, shares his views on using the Central Bank's gold and currency reserves. (13)

Komsomolskaya Pravda

Is it possible to get used to terrorism? Ten policymakers, party leaders, public figures and the press attache of the Israeli Embassy in Moscow share their views on the issue. (3)

A story examines how domestic oligarchs, including Boris Berezovsky, have commented on Chukotka Governor Roman Abramovich's purchase of English soccer club Chelsea. (4)

Over 150 generals and admirals over the past 10 years have committed crimes that could have been severely punished under the Criminal Code. But only a few of them have been convicted. The newspaper has begun to publish a unique document -- a list of criminal cases that were opened against 25 generals between 1992 and 1996 (their names, posts and crimes). (6)

A feature story describes how local landowners in the village of Gorky-10 on the Rublyovo-Uspenskoye Shosse have sold their land to wealthy outsiders -- oligarchs and state bureaucrats.(12)

A story gives five reasons explaining why Russians hate foreign workers and immigrants in general. (14, 14)

Moskovsky Komsomolets

Astronomers expect bright red and yellow meteors to begin falling to Earth, starting mid-July. Specialists from the Astronomy Institute explain this phenomenon. (1)

The Moscow government has ordered that all city streets be cleaned every day. This is usually decreed when daytime temperatures climb above 25 degrees Celsius. (1)

The Foreign Ministry has demanded an explanation from the Latvian Embassy in Moscow of why Latvia has refused to grant an entry visa to singer and State Duma Deputy Iosif Kobzon. A story describes various possible reasons. (4)

In an interview, former Central Elections Commission head Alexander Ivanchenko speaks about the absurdity of the elections law, focusing on its chapters on the mass media. (4)

Oleg Tabakov, the chief artistic director of Moscow's Chekhov Art Theater, has done an unprecedented thing removing three productions from the theater's repertoire. In an interview he explains his behavior, saying that this season is the worst of his life. (5)