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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.


Testimonials


"The International Herald Tribune and The New York Times Company would like to join Independent Media's flagship publication The Moscow Times, in celebrating 15 years of quality independent reporting on business, politics and culture in Moscow, Russia and the CIS. This is a great achievement you have accomplished during turbulent times. 2007 is a year of celebration for both the IHT and The Moscow Times. February marked the first year of our alliance, and now, we share anniversaries in October, the 15th for the Moscow Times and the 120th for the International Herald Tribune. The Moscow Times has created an outstanding voice in today's Russia, and is uniquely placed to give it's readers an accurate view of the fast pace of change in Russia. All of us at the International Herald Tribune are proud to be in partnership with you. We wish The Moscow Times a bright future as it continues to provide independent, objective, news in its authentic style. All best wishes,"
-Michael Golden, Publisher
International Herald Tribune


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

The Moscow Times » Issue 3898 » Business
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New Claims In Rosneft Power Case

08 May 2008By Nadia Popova / Staff WriterA Rosneft subsidiary filed new claims against TGK-11 in a Moscow court on Wednesday, saying the vote to create the utility was invalid because the shareholders' ballots were miscounted.

The claim came as a surprise after Anatoly Chubais, CEO of Unified Energy System, TGK-11's parent company, said last month that then-First Deputy Prime Minister Dmitry Medvedev had stepped in to mediate the dispute between the state-owned companies.

The fight revolves around the creation last year of TGK-11, one of western Siberia's largest electricity generators. Rosneft unit Neft-Aktiv filed a suit in February saying it did not receive a ballot for an August shareholders meeting in absentia, where Tomskenergo, in which it had a minority stake, was merged into TGK-11. The moved diluted Neft-Aktiv's stake. TGK-11 rejected the complaint, saying Neft-Aktiv received the documents in time.

On Wednesday, Neft-Aktiv lawyers said at a preliminary hearing in Moscow Arbitration Court that the vote was invalid because of procedural violations.

"The ballots were counted by one person, even though there had to be a commission of three, and the ballots were miscounted," head lawyer Dmitry Chernyakov said.

Chernyakov also said TGK-11 had violated its charter by not announcing the meeting in the Krasnoye Znamya newspaper. His team read all 11 newspapers published in the country under that name and found nothing, he said.

Instead, the notification was discovered in Tomsk newspaper Vykhodnoi, he said. It was buried between the horoscopes and the crossword puzzle.

TGK-11 lawyer Anna Kaflevskaya declined to comment on the claims, saying she had to read them more closely.

The next hearing will be May 30.

Dmitry Terekhov, a utilities analyst at the Metropol brokerage, said Wednesday that only a political decision would bring a quick resolution to the dispute.

"Medvedev didn't seem to have much time to deal with the case before his inauguration, but he may pay more attention to the dispute sometime soon," Terekhov said.

Currency Exchange


USD/RUR - 23.5
EUR/RUR - 37.1



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Moscow
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Columnists

Equating Holodomor With Genocide
By Georgy Bovt

Spring Weather Brings Spring Illnesses
By Michele A. Berdy

Sinophobia
By Richard Lourie

Taking the Temperature In Georgia's Hot Spring
By Matthew Collin

The Natural-Resources And Democracy Curse
By Konstantin Sonin

Returning Direct Elections
By Nikolai Petrov

Georgia Is Medvedev's First Foreign Policy Test
By Vladimir Frolov

An Early Assessment of Putin's Foreign Policy
By Fyodor Lukyanov

There Is Nothing Normal About Corruption
By Anders Aslund

How to Invent Enemies and a Strong Russia
By Yulia Latynina

Remaining a Moral Victor
By Alexei Bayer

A Fight for Peace in Georgia
By Alexander Golts

High-Stakes Soap Opera
By Alexei Pankin

Medvedev the Bookworm
By Mark H. Teeter

Communism's New Crisis
By Boris Kagarlitsky






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