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. Last Updated: 07/27/2016

04/16/2004

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Press Review

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

Vyugin Warns of Market Bubble

The Central Bank's ""protectionist"" ruble policy is causing the stock market to overheat and is threatening to create an asset bubble, the nation's top financial regulator warned Thursday.

Sitting In on a U.S. Congressional Visit

Dafna Hochman and Kara Calvert sat down at a giant conference table with three dozen Russian security experts from their parents' generation, but these two young U.S. Senate staffers were unflustered, tossing about budget figures for chemical disarmament programs and nuclear nonproliferation protocol clauses like an extra language they spoke fluently.

Abramovich Strikes Oil in Chukotka

While Roman Abramovich's Sibneft is mainly the focus of market attention for whether it will demerge from Yukos, in faraway Chukotka the big news Thursday is that the firm has struck oil.

News in Brief

No UN Condemnation GENEVA (AP) -- The top United Nations human rights body Thursday blocked condemnation of Russia over its record in Chechnya. In a 23-12 vote, the UN Human Rights Commission rejected a resolution submitted by European countries that said Moscow must do more to end abuses by its troops. There was applause after the 53-nation commission, which is dominated by developing countries, threw out the motion. Russia mustered support from Cuba, Brazil, India, China and African countries. European countries, the United States and Australia voted to condemn Moscow. Among the 18 commission members abstaining were Japan, Latin American and Islamic countries. Putin Blasts Bill Again MOSCOW (AP) -- President Vladimir Putin reiterated his criticism of a bill that would sharply limit protests and other public demonstrations, saying Thursday that the law must not crimp the freedom of citizens.

Russians Are Airlifted From Baghdad

The Emergency Situations Ministry on Thursday sent planes to Iraq to evacuate hundreds of Russian companies' employees in a massive effort following the kidnapping of eight workers.

American Charged With Having Sex With Boys

A U.S. doctor has been ordered held without bail after he was arrested at New York's Kennedy Airport on charges he traveled numerous times to Russia to molest young boys.

Putin Prefers Fish

President Vladimir Putin prefers fish over meat, enjoys green tea and for dessert only likes ice cream, Argumenty i Fakty reported.

Business in Brief

Lebedev Hearings MOSCOW (MT) -- Preliminary hearings into the fraud and tax evasion case against Menatep chairman Platon Lebedev are set to go into a second day Friday at Moscow's Meshchansky court. During closed-door hearings Thursday, the court denied an appeal to free Lebedev on bail, said defense lawyer Yelena Lipter, Interfax reported. She said his legal team would call again for his release Friday. Also on Thursday, the European Court of Human Rights in Strasbourg, France, decided to consider Lebedev's appeal that his rights were violated during his nine-month imprisonment, Lipter said. Lebedev's case could set a precedent for proceedings against his former business partner, Yukos founder Mikhail Khodorkovsky. Menatep lawyer Yevgeny Baru confirmed Thursday that the Moscow arbitration court on Wednesday ruled to invalidate an amicable agreement between the Federal Property Fund and Menatep subsidiary Volna over the disputed privatization of a 20 percent stake in Apatit fertilizer plant.

Cabinet Streamlines the Budget Process

The Cabinet plans to redesign the way budget spending is structured to make expenditures more efficient, transparent and centered in the hands of fewer government bodies.

Pulkovo Shops for 15 Western Jets

No. 3 airline Pulkovo, which is in merger talks with presidential carrier Rossiya, said Thursday that it plans to lease up to 15 Western-made jets.

Report: Russia, EU Near WTO Compromise

The European Union is no longer demanding that Russia liberalize its natural gas market as part of talks on accession to the World Trade Organization, Vedomosti reported Thursday.

Yukos Reserves Jump to 13 Billion Barrels

Yukos discovered four times more oil than it produced in 2003, when its oil and gas reserves rose more than 16 percent, the company said Thursday.

Tatneft's Tupras Bid Delayed

Turkey's privatization body said Thursday it gave oil firm Tatneft and its Turkish partner Zorlu Group an extra 40 days to sign a deal to buy a 66 percent stake in oil refiner Tupras.

Silence on Erkel Speaks Volumes

In the Kremlin's fight against Chechen rebels and terrorism, you could be forgiven for thinking that Dutch aid worker Arjan Erkel's release in Dagestan on Sunday would be heralded as a cause for celebration, or at least a sigh of relief.

Pale Imitation of Justice

Igor Sutyagin was sentenced last week to 15 years in prison, the longest sentence for espionage since Soviet times.

(No) Crime, Punishment,Repentance

Ah, spring. The snow is melting, Easter eggs are on the table, we all forgave one another on Forgiveness Sunday (????????? ???????????) -- well, almost everyone.
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