My profile:
State diamond monopoly Alrosa has asked the Finance Ministry to stop sales of the precious gem from Gokhran, the state depository, to help stabilize prices, Interfax reported Wednesday, citing a copy of the letter.
Last week, Alrosa said it was cutting its 2009 production plans by one-fifth because global demand for diamonds has plummeted. The company has been selling all of its diamonds to the depositary in recent months.
The letter from Alrosa president Sergei Vybornov was addressed to Finance Minister Alexei Kudrin, who also heads the company's supervisory board, Interfax reported.
The company is asking the ministry to "temporarily halt the sales of uncut diamonds from Gokhran and to stop the competitive trade in diamonds bigger than 10.8 carats," the letter said. It also requests that the price schedule for uncut diamonds not be changed.
Alrosa Asks State to Keep Diamonds
16 April 2009
The Moscow Times
Discussion
Comments
To post comments you must be registered
Comments via Facebook
Most Read
1.
Nation Ticked Off After a Winter of Summer Time
The famous proverb, "Early to bed, and early to rise, makes a man healthy, wealthy and wise," was penned by American founding father Benjamin Franklin. He was also the first to suggest implementing daylight-saving time.
2.
Pair of 12-Year-Olds Dead In 16-Floor Suicide Plunge
A pair of 12-year-old girls jumped to their deaths Tuesday in the Moscow region town of Lobnya, prompting a children's rights ombudsman to call for a federal program to address the problem of youth suicide.
3.
Report: Pro-Putin Crowd Got Stiffed
Participants in the Feb. 4 Anti-Orange rally at Poklonnaya Gora have claimed that they did not receive payment as they were promised in exchange for attending.
4.
McFaul Epitomizes Embrace of Social Media
U.S. Ambassador Michael McFaul took to Twitter and Facebook on Wednesday in an attempt to refute charges that he's promoting regime change in Russia.
5.
St. Petersburg Anti-Gay Law Advances
St. Petersburg lawmakers on Wednesday approved at the crucial second reading a bill introducing fines for advocating gay and lesbian relationships in front of children and promoting pedophilia.
6.
Putin Calls For More Religion on TV
Prime Minister Vladimir Putin said at a meeting with religious leaders Wednesday that the "voice of the church" should have a greater presence on state-run television channels and that more TV programming should be devoted to religious topics.
7.
Russia Gets Bad Rap Over Syria
As the violent standoff between Syria's security forces and armed opposition groups roils the country, the crisis has opened heated divisions at the United Nations Security Council.
8.
Sheremetyevo Soaring After Revamp
Sheremetyevo management hailed a 150 percent profit jump as proof the airport's extensive regeneration is paying off.
9.
Alcohol Delivered After Hours
According to the law, it's not possible to buy alcoholic beverages at night, but there are ways around that. For example, alcohol can be received as a present, rented, or accepted as collateral.
10.
Russia Pressing for Talks to End Syria Bloodshed
The European Union will impose harsher sanctions on Syria, a senior EU official said Wednesday, as Russia tries to broker talks between the vice president and the opposition to calm violence.
1.
Putin Stand-In Faces Zhirinovsky Fire
In Tuesday's second presidential debate of the campaign season, firebrand Vladimir Zhirinovsky harangued Prime Minister Vladimir Putin's levelheaded proxy over her patron's refusal to debate and alleged desire to rule for life.
2.
Malev Goes Bankrupt Owing $130M to VEB
Hungary's state airline Malev stopped flying after 66 years on Friday, citing bankruptcy, amid debts to creditors that include 100 million euros ($130 million) owed to VEB.
3.
McCain Taunts Putin Over Protests
U.S. Senator John McCain has again angered supporters of Prime Minister Vladimir Putin by describing Russia's nascent protest movement as an extension of the Arab Spring uprisings that have shaken and toppled governments across the Middle East.
4.
14 Million New Migrants Flocked to Russia in 2011
Almost 14 million foreigners and stateless people legally arrived in Russia last year.
5.
Russia to Buy Icelandic Underwater Drones
The Defense Ministry plans to spend 729 million rubles ($24.5 million) on eight underwater drones made by Icelandic firm Teledyne Gavia.
6.
Lavrov in Syria to Strongly Back Assad
Foreign Minister Sergei Lavrov met with Syrian President Bashar Assad in Damascus on Tuesday, sending a clear message that Russia intends to stand by its strongest ally in the Middle East amid an international outcry over the country's response to a civil revolt.
7.
Pro-Putin Song Is Web Hit
A schmaltzy music video hailing Prime Minister Vladimir Putin as Russia's savior became a hit on the Russian Internet on Tuesday, with many bloggers and YouTube users poking fun at the song's hyperbolic lyrics.
8.
Campaign Begins With Testy Debate
Communist Gennady Zyuganov and businessman Mikhail Prokhorov kicked off the presidential campaign season on Monday with a testy TV debate that centered on Zyuganov's political accomplishments and Prokhorov's connection to the chaotic 1990s.
9.
FSB Upgrades from iPads to Pricey Typewriters
The Federal Security Service paid over 2 million rubles ($67,000) for an order of nearly 100 typewriters, or about 22,000 rubles per machine.
10.
A More Realistic Vision of Russia's Greatness
Perhaps the central message of the collapse of Soviet communism can be summed up as follows: If it is to survive and flourish on the world stage, Russia needs to develop a different kind of realpolitik.
1.
Election Webcam Installation Begins
In a city that was once the cradle of Russian democracy, an unprecedented new campaign kicked off over the weekend to install web cameras in every polling station around the country in an effort to prevent voting fraud.
2.
Feminist Punk Band Become Unlikely Putin Foil
Pussy Riot, a feminist punk collective from Moscow, creates protest through its dissident songs and unsanctioned performances, including a brief unauthorized concert in late January on Red Square.
3.
Why Putin Will Never, Ever Give Up Power
If Putin gave up power at any age, he and dozens of his friends and colleagues who have become millionaires and billionaires over the past 10 years through their Kremlin-connected businesses could face serious corruption charges. This is why the best, and perhaps only, way for Putin to preserve immunity is to stay in power until death.
4.
Why Putin Is Mad at Me
Prime Minister Vladimir Putin got very angry last Wednesday when he met with the editors-in-chief of Russia's top media outlets.
5.
Russia Seeks Proof U.S. Zapped Failed Probe
A Russian state commission investigating the crash of the Fobos-Grunt Mars probe will conduct tests to see whether U.S. radar played a role in the spacecraft's failure.
6.
Putin Pledges to Fight Own Legacy
Prime Minister Vladimir Putin proposed a radical rollback of his own social and fiscal policies in a draft of his presidential program, which touts economic modernization and strengthening rule of law.
7.
A U.S. Defense Strategy for Russia to Emulate
U.S. President Barack Obama caused considerable damage to the Kremlin during a visit to the Pentagon last week when he announced a decisive reduction in the military ambitions of the United States. This was a serious blow to Russia's propagandistic stereotype that Washington is still determined to dominate the world, with Russia being at the top of the U.S. list of targets.
8.
Recruiters Say Mother Russia Seeking Talent
Demographics make it a candidate’s market, but foreigners have to offer something unique to find their place.
9.
From Protest to Nausea
The history of successive authoritarian regimes in Russia reveals a recurring pattern: They do not die from external blows or domestic insurgencies.
10.
Soviet Spy Who Saved Stalin, Roosevelt Dead
Gevork Vartanyan, the legendary Soviet spy who foiled Nazi Germany's assassination attempt on the leaders of the Allied powers in Tehran in 1943, died in a Moscow hospital Tuesday. He was 88.
