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. Last Updated: 07/27/2016

03/31/2009

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Cracks in the Credibility of the Yukos Case

Former Yukos CEO Mikhail Khodorkovsky will go on trial Tuesday on charges of secretly embezzling all the oil that his company pumped from 1998 to 2003, roughly 20 percent of the oil that Russia produced during those six years.

World Bank Calls for Social Stimulus Hike

Russia should spend an additional 1 percent of gross domestic product on social stimulus as unemployment pushes more people into poverty this year, the World Bank said Monday.

Putin Promises Big Money on Visit to AvtoVAZ

The prime minister said the state would also provide loans to KamAZ, Sollers and GAZ.

Surgut Pays $1.8Bln for MOL Stake

Cash-flush oil producer Surgutneftegaz broke a self-imposed, decadelong expansion freeze by agreeing Monday to buy 21 percent of Hungarian refiner MOL for the equivalent of $1.8 billion.

Sistema Pays $2.5Bln for Assets in Bashkortostan

Bloomberg
Sistema, billionaire Vladimir Yevtushenkov’s holding company, said Monday that it agreed to pay $2.5 billion for control of Bashkortostan’s main oil producer, as well as three refineries, a petrochemicals plant and an oil-product trader in the Russian region.

Building Yurts, Izbas and an Oven at Etnomir

Special to The Moscow Times
Another world is developing on the outskirts of Moscow, one in which the skyscrapers, malls and highways of today have been replaced by wigwams, yurts, izbas and the world’s largest oven.

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