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

VTB Accounts Frozen Over Swiss Debt Claim
Combined Reports A Swiss trading company that tried to seize art and warplanes to recover debts from Russia has won a French court order to freeze accounts at a unit of state-controlled VTB.

Media, Not Politics, Hitting IPOs
By Catrina Stewart / Staff Writer A Deloitte survey indicates that firms are worried about not getting enough coverage.

Paying for a Play on Putin's Name
By Francesca Mereu / Staff Writer Coining a new word can carry a heavy price these days. A Vladimir television journalist faces a hefty fine or even prison time after referring to a local meeting of supporters of President Vladimir Putin as a ""puting"" and the supporters as ""Putinists.""

Pressure Mounts on British Council
By Irina Titova and Kevin O'Flynn / Staff Writers The Foreign Ministry summoned the British ambassador on Monday as the government stepped up pressure on the British Council after London defied orders to close two offices.

4 Suspects Go on Trial Over Riots in Estonia
Combined Reports Estonian news providers, meanwhile, report new cyberattacks before the opening of the trial.

$882,000 Heist
The Moscow Times A Russian citizen was robbed of his watch and jewelry worth 600,000 euros ($882,000) in Italy over the weekend, RIA-Novosti reported Monday.

2 Senior United Russia Officials Leave Posts
The Moscow Times Two senior United Russia officials have been dismissed over possible financial fraud linked to the presidential campaign of First Deputy Prime Minister Dmitry Medvedev, a United Russia source said Monday.

3 Killed in Building Siege in Dagestan
Combined Reports Police and security forces fired grenades and bullets during a siege of an apartment in Dagestan, killing three suspected militants, a law enforcement official said Monday.

Popular Radio Host Killed in Car Crash
The Moscow Times Popular radio host Gennady Bachinsky died when his car collided head-on with a minivan in the Tver region, traffic police said Monday.

At Least 6 Dead in 2 Gas Explosions
Combined Reports Two gas explosions killed at least six people, including two children, in two regions Monday, emergency officials said.

Business

Kazakhstan Ups Share in Kashagan
By Raushan Nurshayeva / Reuters The Kazakh government said Monday that it would double its stake in the giant Kashagan oil field, paying just $1.78 billion and stripping Italy's Eni of its leading role in the project, which will be further delayed to the end of 2011.

Putin Approves Foreign Superjet Stake
Bloomberg President Vladimir Putin approved the purchase by Alenia Aeronautica of a stake in Sukhoi Civil Aircraft so the Italian company can help the Russian plane maker develop the Superjet airliner.

BoNY Asks Court to Dismiss Suit
By Anatoly Medetsky / Staff Writer The bank's lawyer offers judges a list of technicalities for why the case should not be heard.

After Shuffle, Mitvol Promises to Press On
By Tai Adelaja / Staff Writer Russian and foreign companies whose activities are deemed by the authorities to pose serious environmental threats will see no relief this year despite the resignation of the federal environmental watchdog's chief, a senior official said Monday.

Between the Lines

A Sobering Picture
By Alexei Pankin Two themes dominated the media in December: the presidential succession and the New Year's drinking binge.

Business in Brief
Dispute May Delay PipelineGazprom to Make OffersInvestments Abroad RecordSocial Tax May IncreaseAdvertisements CanceledPrices May Rise 1.8%Baltika's Stock BuybackMinistry Oversees PropertyBerezovsky Suit FiledLUKoil Considers ChainRusAl's Hydropower DealSteelmaker to Invest $350MNovolipetsk Seeks $2BlnRZD to Borrow $1Bln

The Professional Army's Dead Souls
By Alexander Golts Jan. 1 was supposed to have been a defining moment for the armed forces. By this date, a federal program to switch a portion of the conscripted armed forces to professional contract duty was supposed to have been completed.

Underground Fashion
By James Marson / Staff Writer A nuclear bunker constructed for Stalin provides the unusual setting for a young fashion collective's show.

Chef's Secrets: Risotto e Saltimbocca
Peter-Paul Speckert, chef of Sorry, Babushka and Prado Cafe, shares a recipe for a traditional Italian dish.

Dantes Ready to Duel
By Nathan Toohey / Staff Writer First there was Cafe Pushkin, now there is Dantes. Named after Pushkin's nemesis, it could not be more different from Cafe Pushkin.

Sistema, Saraya Plan Hotel
Bloomberg Sistema-Hals, billionaire Vladimir Yevtushenkov's property unit, and Saraya Holdings plan to build a resort in Sochi, host of the 2014 Winter Olympics.

Britain's Costliest New Home Sold
By Luke Baker / Reuters An Israeli diamond billionaire has bought the most expensive new property ever sold in Britain -- a $70 million home with a bulletproof front door costing $100,000, real estate dealers said.

$15Bln City to Rise Just Outside Moscow
By Nariman Gizitdinov and Denis Maternovsky / Bloomberg The Kazakh developer plans to include ""a Russian Oxford and Hollywood.""

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