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MOSCOW - Oil prices fell sharply again on Monday after a Saudi official said Riyadh was disappointed by Russia's lukewarm response to OPEC's demands for a contribution to a cut in world oil supplies next year. On Friday, Russia once again frustrated efforts by the oil-producers' cartel to boost prices, offering another symbolic export cut that dashed expectations and drove crude prices lower. |
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An arm of the World Bank will provide a $150-million loan to St. Petersburg in 2003, City Hall officials said on Monday. The loan will be used to renovate eight local landmarks and to improve the city's financial management in order to improve the local business climate. |
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MOSCOW - With last week's passage of the Kremlin's judicial reform plan, the State Duma gave the green light for gradual changes to the country's ineffectual court system. But the last-minute haggling that preceded Thursday's vote and remarks by a top judge a day later are highlighting an ongoing tug-of-war between the country's highest judicial bodies, the Constitutional Court and the Supreme Court. |
All photos from issue.
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TALLINN, Estonia - A chartered Elk Airways airliner with 17 people on board plunged into a forested marsh on a Baltic Sea island with virtually no warning, killing one and injuring several others. The accident on Friday evening - the first major plane crash in Estonia since it regained independence from the Soviet Union 10 years ago - occurred just two kilometers before the An-28's designated airport runway on Hiiumaa island. |
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Another Kursk Funeral ST. PETERSBURG (SPT) - Another crew member from the Kursk nuclear submarine will be buried in the Serafimov Cemetery on Wednesday, Interfax reported Monday. |
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MOSCOW - President Vladimir Putin praised NATO Secretary General George Robertson for the "dynamic" tempo of discussions aimed at drastically changing the relationship between Russia and the Western alliance, but he said Moscow was not seeking to join NATO or win the right to veto its activities. |
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MOSCOW - Twelve Il-76 cargo planes from Russia landed near Kabul on Monday, marking the beginning of Russia's humanitarian operation in Afghanistan. Emergency Situations Ministry spokesperson Marina Ryklina said the planes had delivered ministry staff, construction workers, diplomats, sappers and security guards to the airport in Bagram, about 40 kilometers north of the Afghan capital. |
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MOSCOW - Russia is scheduled for redemption Tuesday. That is when the government has ordered its foreign finance agent, Vnesh ekonombank, to make good on the country's first sovereign bond issued since the days of the tsars. By paying off in full, and on time, the $1 billion it borrowed in 1996 in the form of a five-year Eurobond, Russia moves further into the good graces of the international investment community, which was badly burned in the devaluation and default of 1998. |
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MOSCOW - Gazprom, Russia's largest company, was awarded its first credit rating on Monday by ratings agency Standard & Poor's. S&P said in a statement it had assigned the energy giant's foreign-currency debt a single "B" rating, which gives it a positive outlook on a par with other well-regarded and managed Russian energy companies such as LUKoil. |
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MOSCOW - A new spirit of collaboration between Moscow and Washington in the wake of the Sept. 11 attacks may end their traditional rivalry over how to pipe the Caspian Sea's vast oil reserves to markets, analysts said Monday. U.S. Energy Secretary Spencer Abraham arrived in Russia on Monday, to act as the official representative of the U. |
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MOSCOW - Russia's stock-market regulator has approved a new set of rules that would allow companies to both list shares and place initial public offerings abroad. |
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Bank Privatizing Rules MOSCOW (Vedomosti) - Prime Minister Mikhail Kasyanov has ordered the development of common rules for privatizing the government's blocking stakes in 62 banks. The commission responsible for drawing up the rules, which was formed this summer, includes officials from the Finance Ministry, the Central Bank, the presidential administration, the Antimonopoly Ministry and the Economic Development and Trade Ministry. |
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Little of Russia's vast oil wealth ends up in the country's gas tanks. But the oil industry is no longer ignoring opportunities lurking downstream, and competition for refineries and gas stations is heating up. |
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Begging for Calm BUENOS AIRES, Argentina (Reuters) - Unpopular President Fernando de la Rua pleaded with business, politicians and unions on Monday not to rock the boat as Argentina tried to convince creditors and the IMF to halt its slide toward default. But investors said that as Argentina takes offers this week on a massive debt swap aimed at reducing its interest costs, it faces an uphill task persuading the International Monetary Fund to forgive its fiscal sins and release urgently needed cash. |
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Editor, On Wednesday, Nov. 7, I went to a great bar near the intersection of Nevsky and Canal Griboyedova. What a great way to celebrate Revolution Day! Around 3 a.m. on Thursday morning, I headed down Griboyedova in the direction of Nevsky Prospect to catch a cab home. |
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MORE than a week has passed since the conclusion of the meetings between presidents George W. Bush and Vladimir Putin in Washington and Crawford, Texas. |
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LAST week, we quietly marked the third anniversary of the murder of State Duma Deputy Galina Starovoitova, who was gunned down in the staircase by her apartment on Canal Griboyedova on Nov. 20, 1998. The investigation of the assassination continues, but there have been no results so far. |
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A Thirsty Evil Are you a terrorist? If you don't know, you'd better find out fast. Because Uncle Sam's made a list and he's checking it twice - "40 to 50 countries" targeted for possible "U. |
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Plot Foiled NEW BEDFORD, Mass. (AP) - A high school where three teenagers allegedly plotted to use explosives and guns to kill fellow students was declared safe by police following a sweep by nearly 40 officers and five bomb-sniffing dogs. Eric McKeehan, 17, and two 15-year-old freshmen, who allegedly modeled themselves after the two students who carried out the Columbine High School massacre in Littleton, Colorado, were to be arraigned Monday on charges that include conspiracy to commit murder. The students were arrested at their homes Saturday after a New Bedford High School janitor found a letter outlining their plans to detonate explosives in the school and then shoot fleeing students. |
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 Figure-skating fans can't be blamed if the faces atop the podium at this year's Cup of Russia Grand Prix event created a sense of deja vu. But, while the Italian ice-dancing pair of Barbara Fuzar-Poli and Maurizio Margaglio repeated their victory of last year with little difficulty, the winners in the three other events retained their crowns with a bit more effort. |
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A Good Day INDIO, California (Reuters) - Greg Norman won the entire $1-million purse at the 19th annual Skins Ga me on Sun day, sending Ti ger Woods, defending champion Co lin Montgo me rie and Jesper Par nevik home empty-handed. The Australian followed a birdie putt that won the 17th hole with a conservative two-putt par on 18 that was worth $800,000. |
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