The Moscow Times

Market Matters: Struggling Stocks Spur New Record Oil Prices
Oil hit another record of just under $143 as global stocks tumbled last week, with the Dow briefly dipping into bear market territory as investors sought safety in gold, government debt and the Swiss franc.

News

Adamov Convicted of Stealing $30M
By Natalya Krainova / Staff Writer Former Nuclear Power Minister Yevgeny Adamov, wanted in the United States on charges of stealing millions in U.S. funds aimed at boosting nuclear security in Russia, was convicted Tuesday of fraud and abuse of power.

Tajiks Face Severe Shortages of Food
Bloomberg Tajikistan needs food, water and fuel for heating to aid people suffering from the coldest weather in almost 30 years, the United Nations said, making an appeal for $25 million to allow humanitarian agencies to send supplies.

Other Separatists Ask 'Why Not Us?'
Residents of one disputed sliver of land in the former Soviet Union are asking: If Kosovo can be recognized as an independent state, why can't we?

CIS Leaders Say Refusing To Recognize Not Enough
By Nikolaus von Twickel / Staff Writer A senior State Duma deputy has issued the strongest statement yet against the recognition of separatist states within the CIS in the wake of Kosovo's declaration of independence Sunday, but the statement didn't go far enough for some.

Exit Polls Point to Victory for Sarksyan
By Margarita Antidze and Hasmik Mkrtchyan / Reuters But the opposition in Armenia's presidential vote has leveled charges of beatings and ballot-stuffing.

Ballet Legend Bessmertnova Dead at 66
The Associated Press Natalya Bessmertnova, a Soviet-era prima ballerina who danced with the Bolshoi Ballet for decades, died Tuesday, a spokeswoman for the ballet said. She was 66.

Turkmens Get Book-Shaped School
Reuters Turkmen authorities opened a book-shaped school Tuesday to celebrate the birthday of Saparmurat Niyazov, their late leader who fostered a personality cult.

Nationalist Youth Leader Gets 3 Years
The Moscow Times The leader of an ultranationalist youth group has been sentenced to three years in prison for yelling ""Sieg heil"" and ""Kill the liberals"" during a political debate at a local club last year.

Uzbek Man Killed as Racial Attacks Climb
By David Nowak / Staff Writer An Uzbek man has been stabbed to death in southwestern Moscow, the fourth fatal attack on dark-skinned people in the city in the past five days.

Toshiba Surrenders in DVD Wars
Reuters Japan's Toshiba surrendered in the high-definition home movie war on Tuesday, giving up on its HD DVD format after losing the support of key studios and retailers to the Blu-ray technology backed by Sony.

Kosovo Recognition Sees Backlash
By Dusan Stojanovic / The Associated Press Serbs torched checkpoints between Serbia and Kosovo and set off sporadic explosions Tuesday to protest Kosovo's declaration of independence and international recognition of the new nation.

Musharraf's Party Suffers Grueling Defeat in Vote
The Associated Press Pakistan's ruling party conceded defeat Tuesday after opposition parties routed allies of President Pervez Musharraf in parliamentary elections that could threaten the rule of America's close ally in the war on terror.

Ailing Castro Steps Down After 49 Years in Power
The Associated Press An ailing Fidel Castro, 81, resigned as Cuba's president Tuesday after nearly half a century in power, saying he will not accept a new term when the parliament meets Sunday.

Nationalists Obsess Over Medvedev's Roots
By Alexander Osipovich / Staff Writer Nikolai Bondarik fears that there will be dire consequences for Russia if the heavily favored front-runner in the presidential election, First Deputy Prime Minister Dmitry Medvedev, wins as expected on March 2.

Business

Central Bank May Raise Rates
Bloomberg The Central Bank may raise interest rates again to slow inflation, bank deputy chairman Konstantin Korishchenko said Tuesday.

Shvartsman Fund Deals Canceled
The Moscow Times Five regions have canceled the results of venture capital tenders won by a company formerly headed by controversial businessman Oleg Shvartsman for not meeting the terms of the agreement, a source said.

Androsov Tipped as Gref's Deputy
Combined Reports Deputy Economic Development and Trade Minister Kirill Androsov may become first deputy chairman of Sberbank, Vedomosti reported Tuesday, citing unidentified bankers and a Sberbank official.

Voloshin Warns of Future Power Struggle
Bloomberg Alexander Voloshin, a former chief of staff to President Vladimir Putin, said the leader's plan to become prime minister after stepping down in May could lead to conflict with his chosen successor, Kommersant reported Tuesday.

Zubkov Attacks Border Corruption
Bloomberg Prime Minister Viktor Zubkov on Tuesday blamed ""blatant"" corruption for border gridlock at the country's customs posts.

Stepashin Says Sochi Costs Are Spiraling
The Associated Press Audit Chamber Chairman Sergei Stepashin on Tuesday warned that costs for the 2014 Winter Olympics in Sochi are spiraling to double the amount planned.

Effortel Aims at Slice Of Telecoms Market
By Tai Adelaja / Staff Writer Telecoms provider Effortel Russia rolled out ambitious plans Tuesday to spend $850 million over five years on a package of high-end services, including mobile, fixed-line and long-distance telecommunications.

Gazprom Says It Will Work On Iran Fields
Reuters Gazprom has agreed to develop more phases of Iran's giant South Pars gas field and enter the country's oil sector, the firm said on Tuesday.

Evraz Bids For Chinese Steel Firm Delong
Combined Reports Steelmaker Evraz said Tuesday that it was seeking to buy a Chinese steel products maker in a move to expand into China, the world's fastest-growing market.

Putin Stresses Energy in Algeria Talks
By Max Delany / Staff Writer President Vladimir Putin and his Algerian counterpart, Abdelaziz Boutelfika, pledged greater cooperation on energy and railroads at a Kremlin meeting Tuesday, but kept mum about the fate of a controversial arms deal to supply Algeria with MiG fighter jets.

Business in Brief

Business in Brief
Gazprom, IES Eye TGK-7Da Vinci Fund in LondonTNK-BP Gasoil ExportsArcelorMittal WarnedLUKoil Shuts German TapKashagan Reserves LoweredSakhalin-1 Oil for JapanPetroneft Reserves IncreaseFor the Record

First Person
I started working at a casino in 1993, when I was a still a student and needed a part-time job. When I was in school, I moved around a lot with my parents; then I came to Moscow to study physics.

One Way to Sock It To 'Em
By John Wendle / Staff Writer Businessmen in Moscow can now receive an unusual gift – socks delivered to your door.

Ask the Chef
Giovanni Susini of Italy is head chef at Italyanets.

Belgium in Belyayevo
By Nathan Toohey / Staff Writer Jan Primus -- which made headlines last week after a police lieutenant was accused of stealing one of its statues -- deserves attention for another reason: it's one of the best beer restaurants to open in a long time.

The Senseless Rule of Law
By Yulia Latynina On Thursday, Maksharip Aushev was arrested in Ingushetia. His arrest could become a political catastrophe -- not only for Ingushetia, but for the Kremlin's interests in the entire Caucasus region.

News in Brief
Medvedev Teacher Gets JobSaakashvili Critic UnloadsAzeris May Offer U.S. a Base

Refitting Global Organizations for New Order
By Fyodor Lukyanov Kosovo's proclamation of independence has sparked a storm of debate. The main topic of discussion is how Kosovo's decision will influence other regional conflicts. More interesting, though, is what role the events in the Balkans will play in the overall weakening of international institutions.

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