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. Last Updated: 07/27/2016

05/28/2004

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Press Review

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

Business in Brief

$3Bln RusAl Plant MOSCOW (Reuters) -- Russian Aluminum and a unit of Kazakh Eurasian Industrial Association plan to build an aluminum smelter and alumina refinery in Kazakhstan for $3 billion, the companies said Thursday. The two partners plan to register in Kazakhstan a 50-50 venture, the Eurasian Aluminum Company, before July 1. The project will be financed partly from RusAl's own funds and those of the EIA, and partly by loans. Reserves Jump $500M MOSCOW (Reuters) -- Gold and foreign exchange reserves rose to $83.2 billion as of May 21 from $82.7 billion as of May 14, the Central Bank said Thursday. The bank traditionally does not comment on weekly figures. Vimpelcom Profit Soars MOSCOW (Bloomberg) -- Vimpelcom, Russia's second-largest cellphone company by subscribers, said first-quarter net income rose 84 percent as the company added about 2 million subscribers in the period. Moscow-based Vimpelcom said first quarter net income rose to $76.1 million from $41.

News in Brief

Tighter Adoption Rules MOSCOW (AP) -- The State Duma urged the government Thursday to tighten control over foreign adoptions to protect the children's rights and ensure that Russian families have priority. The Duma voted unanimously in favor of a request to Prime Minister Mikhail Fradkov to interfere in what it called ""the critical situation concerning the adoption of Russian children by foreign citizens."" ""Nearly 7,000 kids from Russia are adopted by foreigners every year,"" said Deputy Yekaterina Lakhova, adding that more children were adopted by foreigners last year than by Russians. The appeal appeared to be a reaction to a recent NTV report about a few Russian children who were killed by their adoptive parents. 8 Killed in Bus Crash MOSCOW (AP) -- A bus carrying a soccer team crashed with two other vehicles outside Moscow on Thursday, killing eight people and injuring 11, the Emergency Situations Ministry said.

Workers Return From Baghdad

Nearly 100 workers from Interenergoservis returned home Thursday from Iraq, evacuated a day after two of their colleagues were killed in an ambush.

Who's Smiling? It's a Border Guard

Travelers entering or leaving Russia should be prepared for a surprise.

Amnesty Critical on Chechnya

Amnesty International said human rights abuses remained rife last year in Chechnya, police stations and prisons, while some progress was made in reducing domestic violence against women.

Pipeline Hinges on July Report

The government will be able to decide on an oil pipeline to the Far East once a feasibility study is completed in July, Industry and Energy Minister Viktor Khristenko said Thursday.

Gref Doubts Putin's Inflation Goal

Economic Development and Trade Minister German Gref on Thursday cast doubt on Russia's ability to quickly bring down inflation, one of the ambitious economic goals that President Vladimir Putin highlighted in this week's state of the nation address.

The Bear Runs

One of these days I'm going to apply for a grant to write a dissertation on ""Cross-Cultural Equivalents and Divergences in Bathroom Behavior and Terminology,"" since the subject seems relatively unplumbed (pun intended) and as fertile as a pile of compost.

Putin the Great?

President Vladimir Putin's state of the nation address could be called the ""speeding troika"" speech.

Mine Proceeds to Pay Strikers

Payments to more than 150 Siberian miners who have been on a hunger strike for nearly two weeks demanding months of overdue wages will begin within days, a senior legislator said Thursday after an agreement was signed to sell the privately owned coal mine.

Yukos Warns It May Go Bankrupt

Yukos warned on Thursday that the company could go bankrupt by the end of the year because it cannot raise the cash to pay a $3.4 billion tax bill imposed by the Tax Ministry in April.

Grozny Soccer Team Has Title Shot

Four years ago the team didn't exist, and even now they can't play at their own stadium. But on Saturday, Terek Grozny will be 90 minutes away from the big time of European soccer competition.

Police Seize 3 Tons of Fishy Caviar

Authorities have confiscated three tons of illegal black caviar that might pose a health hazard and was headed for the shelves of Moscow supermarkets, police and prosecutors said Thursday.
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