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. Last Updated: 07/27/2016

05/26/2009

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Kudrin Predicts $50 Oil Next Year

President Medvedev, meanwhile, urges Putin and other ministers to use more caution in making economic forecasts.

Khodorkovsky Says Business Drops the Ball

Business leaders are failing to take the proper steps to pull Russia out of the crisis, Mikhail Khodorkovsky, once the country’s wealthiest businessman, told The Moscow Times.

Norilsk Posts $555M Loss on Write-Down

Combined Reports
The company's first full-year loss in 11 years comes after $4.7 billion in write-downs.

Kremlin Slams N. Korea Nuclear Test

Combined Reports
The Kremlin condemned North Korea's decision Monday to carry out a powerful underground nuclear test less than 200 kilometers from the border with Russia.

Largest Ever Prostitution Trial Opens
By Natalya Krainova / The Moscow TimesMore than 60 people suspected of luring women into prostitution went on trial Monday in the Urals city of Perm in what authorities call one of the largest prostitution rings ever to be prosecuted in Russia.

Pole Badly Beaten for Not Yielding to Car
The Moscow TimesA Polish television journalist was brutally assaulted in southwestern Moscow after he refused to yield to a car while crossing the street in a crosswalk.

Lavrov Drops by Lebanon After Biden

Combined Reports
Foreign Minister Sergei Lavrov said Monday that the international community must recognize the result of Lebanon's general election next month irrespective of who wins a majority.

How Pyotr Smirnov Became the King of Vodka

Reuters
From the court of the tsar, through the Russian Revolution and into James Bond's ice-cold Martini, Smirnoff vodka has had a tumultuous history.

For Whom the Kremlin Bell Tolls

The Kremlin-connected Public Opinion Foundation regularly conducts polls in 60 regions across the country.

Slippery Slope to Autocracy

Authoritarianism is like a rock. Once it is dropped, it can only go in one direction -- down. Russia's path toward democracy was paved during former President Boris Yeltsin's presidency, but it has been steadily destroyed since Vladimir Putin became president in 2000.

BP Nominates Skitovich for TNK Head

Reuters
BP said Monday that it had nominated Pavel Skitovich for the post of chief executive at TNK-BP, in a move it hopes will mark the end of a shareholder conflict at the oil producer.

Europe's Food Inflation 1/10th That of Russia

Russian food prices have soared in the last few months, outpacing the rise in European food prices by a factor of 10, the State Statistics Service reported Monday.

Seizure Casts Doubt On Trade With Egypt

Reuters
Black Sea wheat exports to Egypt have surged in the past year, delighting Russian traders, but a decision by Cairo to quarantine several shipments over quality concerns is casting a shadow over the growing trade.

Business in Brief

Gas Output May Fall 20% / Opel Decision Mid-Week / GazNeft Boosts Sibir Stake / Sainsbury Mulling Russia / TMK Seeks EBRD Loan / For the Record

Bi-Cultural Conflicts

Business trainer, Business Relations
Everybody knows that interpersonal conflicts take place everywhere. The practice of resolving existing and avoiding new conflicts is important.

Quotas for 2010 and Other ""War Stories""

Director, legal services, Pricewaterhousecoopers
Recession is a hard time for any business, but this is also a time to bring the business into compliance with the law, as companies were short of hands when the economy was booming.

2nd Case of Swine Flu Confirmed

A Kaluga man who returned from his honeymoon in the Dominican Republic has been hospitalized with Russia's second confirmed case of the A/H1N1 influenza virus, also known as the swine flu, health authorities said.

General Accused of Abuses Named Top Paratrooper

The Moscow Times
A general accused of human rights abuses in Chechnya has been appointed chief commander of the elite airborne troops, the Defense Ministry said Monday.

Riot Police Officer Caught Trying to Sell Arms

The Moscow Times
An OMON riot police officer was arrested Monday in a sting operation while trying to sell explosives and ammunition that he purportedly stole from the arms depot he was tasked with overseeing, police and prosecutors said.

Kiev Probes Famine

Combined Reports
Ukrainian authorities on Monday opened a formal investigation into a Soviet-era famine that killed millions of people, part of a state drive to prove that the famine was an act of genocide.

News in Brief

Kuznetsov's Arrest Rejected / Rebel Killed in Chechnya / Car Kills 3 at Bus Stop / Blast at Georgian TV Station
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