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. Last Updated: 07/27/2016

01/23/2009

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Authorities Seeking Chichvarkin's Arrest

By Natalya Krainova
Authorities are seeking the arrest of former Yevroset chairman Yevgeny Chichvarkin, who left the country last year and has not returned, in connection with allegations of smuggling, kidnapping and extortion.

Central Bank Sets Bottom For Ruble

Reuters
The Central Bank sought to put a limit on the ruble's gradual slide on Thursday, setting its floor 10 percent below current levels after the currency stabilized in recent sessions.

Companies Switch From Rubles to U.E.

In a throwback to the turbulent 1990s, some real estate companies and car dealers are repricing their fees in “conditional units” instead of rubles.

Poaching by Helicopter a Popular Pastime

When a helicopter carrying senior government officials crashed into a remote Altai mountainside earlier this month, killing several passengers, the accident appeared to be nothing more than a tragic loss of life.

Government Revises'09 Growth Figures

Combined Reports
The Economic Development Ministry says it expects the economy to contract 0.2 percent this year.

Medvedev Aims to Sweet-Talk Uzbeks

Reuters
President Dmitry Medvedev arrived in Samarkand on Thursday seeking to persuade Uzbekistan that it should ignore the overtures of European suitors hunting for alternatives to Russian energy supplies.

VTB Stock Hits Record Low After $363M Loss

Combined Reports
VTB, the first major Russian financial institution to report results for the third quarter, unveiled a $363 million loss for the period, sending its stock plummeting to a record low.

Both Sides Lose in the Gas War

It is too early to tell if the gas wars between Russian and Ukraine have ended for good.

How Russians Interpret Obama

After Abraham Lincoln spoke at Gettysburg -- now considered to be one of the finest orations in U.S. history -- the critics gave him mixed reviews.

Business in Brief

$460M in Auto OrdersCommercial Vehicle ChecksChecks on Irish Pork UppedYevroset's Rent FeudNew Globex PresidentPIK's Cash-Flow CollateralMoscow Hotels Still for RichFor the Record

Lebedev to Use Paper to Fight Graft

Combined Reports
Alexander Lebedev said Thursday that he would use the Evening Standard to help Prime Minister Vladimir Putin fight corruption, although he said he would need to invest “tens of millions of pounds” into the loss-making newspaper “for at least two years.”

Mechel Boosts Production by 24%

Bloomberg
Mechel boosted total coal production by 24 percent last year on demand from metals companies while making less steel itself.

Gazprom's Reserves on Arctic Shelf Grow

Reuters
Gazprom said Thursday that its hydrocarbon reserves on its Arctic Shelf will increase by 5.6 billion tons of fuel equivalent between this year and 2020.

Tymoshenko Eyes Cheaper Gas in 2010

Combined Reports
Prime Minister Yulia Tymoshenko said Thursday that Ukraine would try to negotiate a discount on Russian gas supplies for 2010, just days after Gazprom and Naftogaz Ukrainy agreed on a 10-year contract to end a major pricing argument.

News in Brief

NATO Offered a DealPutin to Visit Prague7 Held in Police ScamWater Shortage WarningTurkmen Cabinet ShuffledSatellite Sheds Fragments

Chechens Accuse Kremlin

Bloomberg
Chechen immigrants protested Thursday in Vienna against what they said was the Kremlin’s hand in the killing of a political refugee last week in the Austrian capital.

Sechin Lays Ground for Castro's Visit

Deputy Prime Minister Igor Sechin began talks with Cuban officials on Thursday in an effort to expand economic ties between the former Cold War allies in the run-up to a visit by Cuban President Raul Castro later this month.

Tbilisi Bars Inspections

Bloomberg
Georgia on Thursday refused Russia permission to inspect its military facilities, allowed under a 1999 agreement, citing Russia's ""continued occupation"" of two separatist regions, Abkhazia and South Ossetia.

Poll Says Putin Still Popular

Reuters
Prime Minister Vladimir Putin has retained sky-high approval ratings despite the economic crisis, a survey indicated Thursday.
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