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. Last Updated: 07/27/2016

05/14/2004

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Press Review

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

Grozny Reaches Russian Cup Final

Chechen first division club Terek Grozny upset Shinnik Yaroslavl 2-1 on Wednesday to reach its first Russian Cup final, just three years after being given a new lease of life.

The Truth About Official Conservatism

The current crisis of liberalism and communist ideas in Russia has created a vacuum which is gradually being filled by different ideologies.

Linguistic Highlights of the Putin Presidency

History will judge Vladimir Putin's presidency, but judging by a new book -- Putinki: A Short Collection of the President's Sayings -- we can say one thing for certain: Putin has revolutionized the language of the Russian presidency.

Business in Brief

Reserves Rise $700M MOSCOW (Bloomberg) -- Foreign currency and gold reserves rose $700 million in the week to May 7, rising after six weeks of declines, the Central Bank said in a statement. The reserves rose to $83.4 billion, the Central Bank said. The reserves dropped by $2.1 billion in the six weeks from March 19 to April 30. Currency Sales Steady MOSCOW (Bloomberg) -- The Central Bank will continue to force exporters to sell 25 percent of their proceeds from foreign sales for rubles, Interfax said, without citing anyone. New legislation that comes into force June 18 allows the Central Bank to set different levels for the sale of export earnings, with a maximum forced sale level of 30 percent, the news service reported. Sakhalin CEO Exits VIENNA (Bloomberg) -- Sakhalin Energy Investment Co., a Royal Dutch/Shell Group venture in the Far East that is developing a $10 billion oil and natural gas project, said CEO Steve McVeigh will leave his post in July.

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