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. Last Updated: 07/27/2016

09/03/2003

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Russians Ousted in Rainy Day Action

Jennifer Capriati reached the U.S. Open quarterfinals Monday by beating Elena Dementieva of Russia.

Bomb Explodes at Baghdad Police HQ

A car parked near police headquarters in central Baghdad exploded Tuesday, wounding an unknown number of bystanders, one seriously.

Bolton, Outsider on the Inside

When the United States settled down to sensitive talks with North Korea last week, one senior U.S. administration policymaker was thousands of kilometers away -- to the relief of North Korean officials and not a few State Department colleagues.

Cleric Gets A Light Sentence

An Indonesian court Tuesday sentenced radical Muslim cleric Abu Bakar Bashir to four years in prison for plotting to overthrow the government.

Property Redistribution Is No Solution

Russia could be drawn into an endless cycle of property redistribution from rich to poor and vice versa.

Gusinsky's Deal Disintegrates?

There is good reason to assume that Vladimir Gusinsky cut an informal deal with the Russian authorities.

Art vs. Religion at Sakharov Museum

It was provocative, as modern art often is. But few of those involved could have foreseen just how provocative it would become when the Sakharov Museum opened an exhibition of paintings and sculptures in January under the title ""Caution! Religion.""

3 Arrested in Mozdok Bombings

Prosecutors said Tuesday that they have determined who was responsible for two suicide attacks that killed 68 people in Mozdok, North Ossetia, in recent months and arrested three people suspected of being linked to the bombings.

Anpilov Offered LDPR Spot

Viktor Anpilov, head of the hard-line Communist Working Russia movement, said Tuesday that he is considering teaming up with the nationalist Liberal Democratic Russia Party in December's parliamentary elections.

Russia Eyes Refugees in Pankisi

Russia's federal minister for Chechnya on Tuesday promised housing and compensation to Chechen refugees if they return home from camps in Georgia's Pankisi Gorge.

11 Lenders Upgraded by Standard & Poor's

Alfa Bank and MDM Bank, the nation's largest and third-largest closely held banks, were among 11 Russian lenders upgraded by Standard & Poor's as the economy expands, reducing the risk of default.

Foul Weather Hurts Harvest, Sending Grain Prices Soaring

Grain production will fall by roughly one-quarter this year due to an unusually cold and rainy summer, pushing prices on wheat and barley to record highs, according to analysts.

Cabinet Told to Fix Broke Kamchatka

Prime Minister Mikhail Kasyanov on Tuesday ordered his Cabinet to take ""urgent measures"" to avert a winter heating crisis in Kamchatka.

Higher Costs Hurt WBD's Profit

Wimm-Bill-Dann, the country's largest dairy and juice producer, said second-quarter net income fell 18 percent as regional expansion and introductions of new products drove costs higher.

State to Sell Stakes in 160 Banks by 2005

The government plans to raise at least 2 billion rubles ($65.5 million) by selling shares in about 160 banks to get rid of assets not vital to the state, a government official said Tuesday.

Business in Brief

Gazprom $300M Loan MOSCOW (Prime-Tass) -- The executive board of gas giant Gazprom has approved taking out a $300 million long-term syndicated loan from a group of banks headed by Germany's Commerzbank, Gazprom said in a statement Tuesday. The loan is part of Gazprom's borrowing program for this year and is guaranteed by the company's long-term export contracts' sales. CIS Reports GDP MOSCOW (MT) -- The average GDP growth in member states of the Commonwealth of Independent States was 7 percent in the period from January to July 2003 against the corresponding period of last year, RosBusinessConsulting reported, citing the CIS Statistics Committee. The largest GDP growth was registered in Armenia, whose economy grew 14.9 percent. The lowest gain was in Belarus, at 4.4 percent. Russia's GDP expanded 7.1 percent. Finns Revamp Mill HELSINKI, Finland (Bloomberg) -- Metso Oyj, the world's biggest maker of pulp and paper machinery, won an order to revamp a sack paper mill in Russia.

News in Brief

Elections Decree Signed MOSCOW (MT) -- President Vladimir Putin on Tuesday signed a decree setting Dec. 7 as the date for State Duma elections. The date was earlier proposed by Duma deputies worried that voter turnout would be low if the elections were held on the traditional second Sunday of December, which falls on a holiday period when many people leave town. Putin announced the date during a meeting with Central Elections Committee chief Alexander Veshnyakov at the presidential country residence in Novo Ogaryovo. ""As agreed, I have today signed a decree on the holding of elections to the State Duma,"" Putin said. He then urged Veshnyakov to make sure that there will be a ""normal competitive process without dirt, which, as a rule, appears in debates in the months preceding the elections."" Submarine Tests Missile MOSCOW (AP) -- A nuclear submarine on Tuesday successfully test-fired a ballistic missile from beneath the waters off Russia's Pacific coast, the military said.

Ministry Defends VTsIOM Overhaul

A month after the country's leading independent pollster warned that it was threatened by a state takeover, a dark cloud is hanging over VTsIOM.

Russia Strikes 'Historic' Saudi Deal

Global hydrocarbon giants Saudi Arabia and Russia on Tuesday agreed to work together to stabilize world crude markets and cooperate in each other's oil and gas industries.

Conflict Follows Refugees to Ingushetia

A year ago, the Russian government heeded an international outcry and abandoned its plans to close the half a dozen refugee camps that have sheltered up to 308,000 Chechens who fled the latest fighting, which broke out in 1999.
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