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First Video Added to Moscow Times Web Site

The video, a 3 1/2-minute interview with Rose Gottemoeller, director of the Carnegie Moscow Center, examines the informal summit between Presidents Vladimir Putin and George W. Bush in Sochi on April 6. The video can be found on The Moscow Times' homepage, www.themoscowtimes.com.

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Market Matters : Oil Tax Pledge Buoys Markets
Markets surged after the swearing-in of Dmitry Medvedev as president in a pomp-filled ceremony Wednesday and a tax-cutting speech by Vladimir Putin the day after, when he was approved as prime minister.

Russia Investment Roadshow : Scenes From Last Year's Forum



Tuesday, May 13, 2008 Updated at 13 May 2008 0:36 Moscow Time

The Moscow Times » Issue 3898 » Business

Caspian Pipe to Be Expanded by 2012

08 May 2008BloombergRussia and Kazakhstan agreed to expand the Chevron-led Caspian Pipeline Consortium to carry as much as 67 million tons of oil by 2012, from 32 million tons currently, the Industry and Energy Ministry said in an e-mailed statement Thursday.

The countries "formed a unified position" on expanding the pipeline in two stages during meetings between Industry and Energy Minister Viktor Khristenko and his Kazakh counterpart, Sauat Mynbayev, in Astana the past two days, according to the statement.

Chevron is the largest corporate owner of the Caspian Pipeline Consortium with a 15 percent stake. Russia, the single largest shareholder in the project with 24 percent, has withheld approval for the link's expansion in a dispute over transportation prices. The government of Kazakhstan owns 19 percent.