Issue #842 (10), Tuesday, February 11, 2003 | Archive
 
 
Follow sptimesonline on Facebook Follow sptimesonline on Twitter Follow sptimesonline on RSS Follow sptimesonline on Livejournal Follow sptimesonline on Vkontakte

LOCAL NEWS

SMOLNY FOCUSES ON CITY SUBWAY

While the annual season of city-budget wrangling is still months away, City Hall has already weighed in with the first budget proposal of the year, in the form of a massive development project for the city's subway system.

The City Administration's Transport Committee said on Monday that it is pushing a 12-year, 87.4-billion-ruble (about $2.7 billion at the current exchange rate) program that would include the construction of a number of new stations, including three on a new "purple" line to serve the southeastern regions of the city.

 

POPOV APPOINTED CHECHEN PM

MOSCOW - Anatoly Popov, the head of the federal agency overseeing reconstruction in Chechnya, was appointed Chechen prime minister Monday, filling a post vacated amid a squabble between former Prime Minister Mikhail Babich and the head of the pro-Moscow Chechen administration, Akhmad Kadyrov.

Taking Cash Out of Russia Made Easier

MOSCOW - The State Duma earned the applause of foreigners and economists alike Friday by passing long-lobbied-for legislation that will make it easier to take cash out of the country.

Lawmakers passed in the third and final reading amendments to the law on currency controls that will allow all travelers - both Russians and foreigners - to carry out up to $3,000 without declaring the sum and up to $10,000 with a declaration.


All photos from issue.

 

NATIONAL NEWS

AMID ALL THE HYPE, STEPASHIN TALKS SENSE

Unless you're from out of town - or have spent the last year participating in some kind of sensory-deprivation experiment - you've probably already heard enough about St. Petersburg's upcoming anniversary celebrations to last you for, to name a random figure, 300 years.

 

U.S. AIMING TO SPEED UP VISA APPLICATIONS

MOSCOW - Security checks on applicants for visas to the United States will not be eased for anyone, but U.S. consulates are trying speed up the processing of applications, Washington's top visa official said.

DEPUTIES GET DOWN AND DIRTY

MOSCOW - State Duma lawmakers, who just two days earlier passed a bill banning politicians from cursing and using slang, found out Friday that it was hard to practice what they were preaching.

Independent Deputy Alexander Fedulov launched a withering attack on the ethics commission, which monitors lawmakers' behavior and, in an ensuing brawl, ended up fending off blows from Communist Deputy Vasily Shandybin.

 

IN BRIEF

Gem Heist

ST. PETERSBURG (SPT) - Three armed thieves robbed the Korall jewelery store at 138 Moskovsky Prospect on Saturday morning, shooting and killing the store's security guard and seriously injuring a 29-years-old salesperson, before making away with about $20,000 worth of jewelery.

FLOWERS, BULLET HOLE USHER IN 'NORD-OST'

MOSCOW - One of the few reminders of the Dubrovka siege that greeted former hostages, politicians and other theater goers arriving for "Nord-Ost"'s rebirth Saturday were bright flowers that remained scattered on the snow in memory of the 129 hostages who died.

 

SCHOOL GIVES PUPILS THEIR SENSES BACK

SERGIYEV POSAD, Moscow Region - The toy plastic plate in the little bag Yana carries over her shoulder is the only way the 5-year-old knows it is lunchtime.


 

LOCAL BUSINESS

LUKOIL AGAIN SNUBBED BY IRAQ

BAGHDAD, Iraq - Baghdad on Monday again pulled the plug on LUKoil's $3.7-billion project to develop the massive West Qurna oil field, saying this time that it is final, but also held out hope of signing a trade agreement with Moscow worth up to $40 billion over the next 10 years.

 

LOCAL OIL PRICES COLLAPSE, EXPORT CAPACITY BLOCKED

MOSCOW - Domestic crude prices have plummeted to just $5 per barrel in February, as bottlenecks in oil-transportation capacity have squeezed exports and rising production has led to a glut at home.

INTERROS ANNOUNCES REFORM OF MEDIA EMPIRE

MOSCOW - Prof-Media, part of tycoon Vladimir Potanin's Interros holding and one of the country's biggest media conglomerates, announced plans Thursday to move its subsidiaries to a single share, thus paving the way for a public offering.

Prof-Media controls national newspapers Izvestia and Komsomolskaya Pravda, sports daily Sovietsky Sport and tabloid Express-Gazeta, as well as FM radio stations Avtoradio, Energia and Novosti Online.

 

MEAT QUOTAS COME UNDER FIRE FROM EU

MOSCOW - The European Union slammed Russia's recent decision to limit meat imports, and chided Moscow for not consulting Brussels about the move ahead of time, news agencies reported Friday.

MINISTRY FACES NEW CORRUPTION ALLEGATIONS

MOSCOW - The Railways Ministry illegally paid top employees nearly $15 million last year, according to the government's budget watchdog.

The ministry illegally allocated 464.6 million rubles ($14.6 million) to support the staff of its Moscow headquarters in the first nine months of 2002 - six times more than was budgeted - and nearly all of that amount, or 441.

 

SOURCES CLAIM BP CLOSING IN ON 25-PERCENT STAKE IN TNK

MOSCOW - Global oil giant British Petroleum is finalizing a multibillion dollar commitment to Russian oil that goes far beyond current expectations, and it may be concluded within the week, industry sources said Saturday.

Fur: A Dying Business Revived in Petersburg

"I came here because Russian sables are the best in the world," said Angelo Tzelkos, a fur broker from Toronto, Canada. "I once heard them described as light as a feather and as soft as a woman. There's nothing like it."

St. Petersburg's Soyuzpushnina held its 158th international fur auction Feb.


 

OPINION

A CREDIBLE CASE FOR STEVE CASE

SINCE Osama bin Laden isn't actually within our borders, as far as we know, the person with the biggest image challenge in America may be Steve Case. Certainly, in the corridors of Time Warner, the company he enticed into merging with his own America Online three years ago, there is little to choose between these two public enemies.

 

TV BEING TURNED INTO AN OPIATE FOR THE AUTHORITIES

THE new general director of NTV television, Nikolai Senkevich, appointed Alexei Zemsky as his first deputy just over a week ago. Zemsky possesses two obvious qualifications for the job: Senkevich knows him; and Zemsky, a producer of entertainment programming, once had a hand in producing a live broadcast of President Vladimir Putin.

RUSSIA LACKS A LITTLE LATIN-AMERICAN MAGIC

IN his address to the World Social Forum in Porto Alegre last week, Brazilian President Luiz Inacio Lula da Silva announced that, while his country had previously been oriented toward the United States and, to a lesser extent, Europe, Brazil would now seek to develop political and economic ties with its Latin American neighbors, South Africa and China.

 

MEETING INTERNATIONAL STANDARDS

MOVING towards unification and harmonization with the International Financial Reporting Standards, Russia has recently introduced a new accounting standard related to the recognition of deferred corporate income tax in a company's financial statements.

TURKMENISTAN: FOLLOWING IN STALIN'S FOOTSTEPS

IN just over a decade as independent states, the various former Soviet republics have gone their separate ways so fast and so far that it's hard to believe they were once parts of the same empire.

Under Communist rule, all the constituent republics, from the Baltics to Central Asia, worked according to economic plans drafted for them in Moscow.

 

EFFECTS OF THE COLUMBIA DISASTER RUN DEEP

RUSSIAN space officials almost immediately recognized the loss of the U.S. space shuttle Columbia as an opportunity to earn some badly needed extra cash.

Global Eye

George W. Bush paid eloquent tribute to the seven astronauts killed in the space shuttle Columbia last week. Too bad he ignored the equally eloquent words of warning about impending disaster in the program from NASA's own panel of safety experts - experts who the Regime fired after they dared bring their concerns to Congress.


 

WORLD

NATO Deadlocked Over Turkey Defense

BRUSSELS - France, Germany and Belgium split NATO on Monday by blocking a plan to boost Turkish defenses in case of a U.S.-led war on Iraq - an action Washington charged faced the alliance with a credibility crisis.

The three NATO rebels, trying to slow the rush to war, say moves to defend Turkey would signal that a conflict had begun.



 
St. Petersburg

Temp: 0°C partly cloudy
Humidity: 80%
Wind: SW at 9 mph
08/04

-5 | 1
09/04

-4 | 0
10/04

-2 | 0
11/04

-1 | 0

Currency rate
USD   31.6207| -0.0996
EUR   40.8413| 0.1378
Central Bank rates on 06.04.2013
MOST READ

It is a little known fact outside St. Petersburg that a whole army of cats has been protecting the unique exhibits at the State Hermitage Museum since the early 18th century. The cats’ chief enemies are the rodents that can do more harm to the museum’s holdings than even the most determined human vandal.Hermitage Cats Save the Day
Ida-Viru County, or Ida-Virumaa, a northeastern and somewhat overlooked part of this small yet extremely diverse Baltic country, can be an exciting adventure, even if the northern spring is late to arrive. And it is closer to St. Petersburg than the nearest Finnish city of Lappeenranta (163 km vs. 207 km), thus making it an even closer gateway to the European Union.Exploring Northeastern Estonia
A group of St. Petersburg politicians, led by Vitaly Milonov, the United Russia lawmaker at the St. Petersburg Legislative Assembly and the godfather of the infamous law against gay propaganda, has launched a crusade against a three-day exhibition by the British artist Adele Morse that is due to open at Geometria Cafe today.Artist’s Stuffed Fox Exercises Local Politicians
It’s lonely at the top. For a business executive, the higher up the corporate ladder you climb and the more critical your decisions become, the less likely you are to receive honest feedback and support.Executive Coaching For a Successful Career
Finns used to say that the best sight in Stockholm was the 6 p.m. boat leaving for Helsinki. By the same token, it could be said today that the best sight in Finland is the Allegro leaving Helsinki station every morning at 9 a.m., bound for St. Petersburg.Cross-Border Understanding and Partnerships
Nine protesters were detained at a Strategy 31 demo for the right of assembly Sunday as a new local law imposing further restrictions on the rallies in St. Petersburg, signed by Governor Poltavchenko on March 19, came into force in the city.Demonstrators Flout New Law