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. Last Updated: 07/27/2016

08/17/2007

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Another Explosive August

We are once again in the month of August. And again another explosion -- this time on a Moscow-St. Petersburg train. It seems to me that there is more to this incident than meets the eye because a terrorist act has taken place at such an important moment for the country -- on the eve of a presidential election.

Wrong is Sometimes Right

I adore web sites and radio shows where bewildered Russians ask questions about the language and smart Russians give authoritative answers. I like them for three reasons -- one adult and two utterly childish.

Business in Brief

Gazprom Venture FormedVyborg Wins Gas Field DealCoal Production IncreasesVimpelCom CoverageComstar's Regional BuySky Link Stake May Be SoldRusHydro Annual Net RisesMagnit Increases July SalesM.Video Plans IPOH&M to Open in '08

Austria Gets Invited to Join South Stream

VIENNA -- Russia has invited Austria to join a planned pipeline below the Black Sea in a move to allay concerns that it is undermining a rival Austrian-led project, Austria's economy minister, Martin Bartenstein, said Thursday.

Cabinet Approves IT Blueprint

If a government plan to go digital comes to fruition, Russians will be able to circumvent endless lines at passport offices and even marriage registries by 2010.

Gazprom's Exports to Europe Fall 12%

Gas exports to Europe fell 12 percent in the first half of 2007 compared with the same period last year as Europe enjoyed an unusually warm winter, gas export monopoly Gazprom said.

Fitch Says Economy Can Withstand Jitters

The country's economy is in good shape to survive global market jitters due to high oil prices and strong investment, Fitch Ratings agency said Thursday, confirming its BBB+ investment grade.

Prosecutors Monitor Standart

Russky Standart bank came under further fire Thursday, as prosecutors tasked the Central Bank with monitoring whether the country's third-largest lender was complying with laws on banking and consumer rights protection.

Warrant Issued for Shefler

Moscow's Basmanny District Court issued an arrest warrant for a fugitive vodka tycoon, prosecutors said Thursday, the latest move in a long-running drive by the government to take back the overseas rights to the iconic Stolichnaya vodka brand.

Clawing Metals in Siberia's Frozen Land

NORILSK, Krasnoyarsk Region -- Norilsk Nickel's company anthem praises its smelters as ""the light in Russia's window,"" but even in summer the Arctic city sits wreathed in a gray cloud of pollution.

SCO Leaders Send a Message to U.S.

BISHKEK, Kyrgyzstan -- The leaders of Russia, China and Iran warned the outside world Thursday to let Central Asia look after its own stability and security, in a veiled message to the United States issued on the eve of major war games between Russia and China.

Police on High Alert After Blast

Police in Moscow, the surrounding Moscow region and the Far East were put on high alert Thursday following a train bombing earlier this week that injured 27 people.

Duma Deputy Escapes Harm When Assailants Fire at Office

Unidentified assailants fired shots at the Moscow region office of State Duma deputy and former Agriculture Minister Viktor Semyonov, news agencies reported Thursday.

Policeman Attacks Another in Traffic Accident Dispute

A senior police officer who caused a crash by veering into oncoming traffic in southern Moscow beat up a traffic policeman who refused to overlook the violation.

Karelian Official Leads Bribe Parade

The Interior Ministry has registered 8,848 cases of bureaucrats seeking bribes since the start of the year, Interfax reported Thursday.

Spain Handing Over Murder Suspect

Spain on Friday will hand over to Russia a key suspect in the 2002 slaying of Magadan Governor Valentin Tsvetkov in central Moscow, the Prosecutor General's Office said in a statement on its web site Thursday.

News in Brief

Bure Suing for Missed FlightBear Kills Tourist in Far East20 Tons of Vodka Stolen

Putin's 8 Years a Hit with Business

Eight years ago, Paul Heth was scrambling to attract foreign investors to help fulfill his goal of building modern, Western-style movie theaters throughout Russia.

Not All Eyes on Sky at Air Show

ZHUKOVSKY, Moscow Region -- The MAKS air show kicks off next week and, beyond the daily displays of aerial acrobatics and military hardware, all aerospace industry eyes will be on the performance of Russian producers.

Thieves Strike Prosecutor's Office

City police have detained a man suspected of pulling off a daring burglary Saturday night of the central Moscow headquarters of the Prosecutor General's Office, a police source said Thursday.
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