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. Last Updated: 07/27/2016


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Press Review

A brief look at the stories making headlines in the Russian-language press

George Bush, Liar, Liar, Pants on Fire?

Whenever I say that U.S. President George W. Bush isn't a liar, Democrats hurl thunderbolts at me. And when I say Bush isn't truthful, Republicans erupt like Mount St. Helens. So what do I mean?

Somewhere, Sometime, Something

Place: your office. Time: Friday, 5 p.m. Action: You receive an urgent e-mail from your home office, instructing you to immediately by COB (close of business) get in touch with someone about something to solve a dreadful problem that will cost the company a zillion dollars if not fixed right away.

Business in Brief

Aeroflot Raises Prices MOSCOW (AP) -- Flagship carrier Aeroflot said Thursday that it would add a fuel surcharge to its ticket fares next week due to rising oil prices. Aeroflot commercial director Yevgeny Bachurin said the surcharge, which will enter into effect Monday, would vary according to destination and average $10 to $15 per one-way ticket. ""We postponed taking this step for as long as we could hoping that oil prices would go down, but unfortunately they continue to grow,"" Bachurin told a news conference. Aeroflot said that fuel expenses make up 30 percent of its total costs. 1,200 Banks Too Many MOSCOW (Bloomberg) -- Russia does not need more than a tenth of its 1,300 banks, though many will probably stay open after a government campaign to prevent another run on deposits, said the president of Alfa Bank, the country's biggest non-state lender.

Oil Majors Join Forces in Siberia

TNK-BP plans to cooperate with LUKoil and state-run Rosneft to develop Siberian oil and gas fields after TNK-BP bought four exploration units to boost reserves.

U.S. Firms Shrug Off Putin Power Plays

Recent moves by President Vladimir Putin to strengthen the Kremlin's hold on Russia's political life do not worry U.S. businesses, the global head of America's biggest business lobby said Thursday.

Reserves Soar $5.1Bln in a Week

Foreign currency and gold reserves had the largest weekly gain in six years, rising to a record $105.2 billion and nearing the country's total foreign debt.

Top Polish Spy Warns of Russian Oil Imperialism

Russia is seeking to re-establish its grip on ex-communist countries in Central Europe through its near monopoly on oil and gas, a former Polish chief spy says.

News in Brief

Latvian Government RIGA, Latvia (AP) -- Latvia's minority government stepped down Thursday after lawmakers refused to pass Prime Minister Indulis Emsis' proposed 2005 budget. The parliament voted 53-39 against the budget, while five lawmakers abstained. The People's Party wasted no time in setting up meetings for Friday with the four other center-right parties in the parliament, including the Greens and Farmers, in the hope of cobbling together a government coalition with itself at the center. Space Launch Delay MOSCOW (Reuters) -- The military has postponed the launch of a new-generation space booster rocket scheduled for this week due to ""a software malfunction,"" the Defense Ministry said Thursday. The Soyuz-M2 booster was scheduled to lift off from the Plesetsk Cosmodrome in the Far North on Friday in a step toward bringing most launches onto Russian territory. Renewed Terror Alert WASHINGTON (AP) -- The U.S.

Thousands at Rival Election Rallies

A day before the State Duma was to consider in a first reading the much-criticized Kremlin plan to scrap the popular vote for governors, hundreds of people turned out at competing rallies Thursday in central Moscow to praise or denounce the legislation.

Report: Russia Took Iraqi Arms

A high-ranking U.S. defense official said Russian forces ""almost certainly"" smuggled a cache of high explosives out of Iraq prior to the U.S. invasion in March 2003, The Washington Times reported Thursday.

Russia Ranked Low in Press Freedom Index

Russia ranks 140th out of 167 countries on a new press freedom index released by Reporters Without Borders. Russia is up from 148th in last year's index, though media analysts have questioned the accuracy of the assessment.

East Siberian Mine Blast Kills 13 and Injures 23

A methane blast in a mineshaft in eastern Siberia killed 13 people and injured 23 on Thursday, an Emergency Situations Ministry spokesman said.

Belarus Rejects Appeal to Free American

The Belarussian spy service on Thursday insisted that an American arrested while working on a United Nations project was not protected by diplomatic immunity.

Shuvalov: Yukos Case Not the Last

The unrelenting legal assault on Yukos is no exception, and other oil majors should expect tax probes, too, a top aide to President Vladimir Putin said Thursday.

A Washington Perspective

Sergei Markov is right to worry about potential unrest and instability in Ukraine after the upcoming presidential vote.

Fear and Politics at Kiev War Parade

Three days ahead of Sunday's presidential election, Ukrainians celebrated the 60th anniversary of Kiev's liberation from Nazi Germany in an atmosphere of tight security, Soviet-style pomp and highly charged last-minute political campaigning.

Businesses Bet on Ukraine's Future

If Russian businesses are helping fund the election campaign of President Vladimir Putin's favored candidate in Ukraine's presidential election at the Kremlin's behest, as some political analysts suspect, those businesses may be better off betting on the opposition if they want a decent return on their investment.
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