The Moscow Times

Market Matters: RTS Has Toughest Week Since '99
Trading on the dollar-denominated RTS exchange was suspended three times on Friday as anxiety deepened over whether the U.S. House of Representatives would pass a $700 billion financial sector bailout package and share prices on Russian and international markets plummeted.

News

'Not Free, Not Fair, But Accurate All the Same'
By Nabi Abdullaev, Francesca Mereu / Staff Writers Sunday's presidential election was neither free nor fair, though the victory of Kremlin-backed candidate Dmitry Medvedev largely reflected the will of the voters, European and independent Russian election monitors said Monday.

Gazprom Cuts Flow of Gas to Ukraine
By Anatoly Medetsky / Staff Writer Ukraine said it had more than one-third of its gas imports cut off Monday after Gazprom reduced deliveries by a larger amount than it had threatened in a debt dispute.

Medvedev to Oversee Foreign Policy
By Alexander Osipovich / Staff Writer Dmitry Medvedev said Monday that he would oversee foreign policy as president and that he would work closely with his future prime minister, Vladimir Putin, to form the next government.

Bolshoi Theater Picks New Artistic Director
By Raymond Stults / Staff Writer Ending months of speculation, the Bolshoi Theater on Monday announced that Yury Burlaka would replace Alexei Ratmansky as artistic director of its ballet troupe.

Dissident Troupe Plays for London
By Alastair Sharp / Reuters Life in Belarus can test the creativity of nonconformists in the arts.

Dozens of Opposition Activists Detained
By David Nowak / Staff Writer Riot police roughly detained dozens of protesters, including Union of Right Forces leader Nikita Belykh, in central Moscow on Monday evening, quashing an opposition march that City Hall had refused to authorize.

Frenkel Goes on Trial in Kozlov's Murder
The Moscow Times Alexei Frenkel, the banker accused of organizing the murder of Central Bank first deputy chairman Andrei Kozlov, pleaded not guilty on Monday, labeling the charges as ""slander.""

Jailed Mayor Resigns
The Moscow Times Jailed Arkhangelsk Mayor Alexander Donskoi, who is awaiting trial on charges of abuse of office, has resigned.

Nashi March Snarls Moscow Traffic
By Svetlana Osadchuk, John Wendle / Staff Writers Moscow authorities have repeatedly refused to authorize opposition marches on the grounds that they would snarl traffic and inconvenience people.

Medvedev Loses to Duma in Caucasus
By Nikolaus von Twickel / Staff Writer The Kremlin's candidate might have been pleased with Sunday's presidential election results, but the performance in getting out the vote in the North Caucasus was clearly poor by local standards.

Serbia Seizes Rail Link in Kosovo
The Associated Press Serbia has reclaimed control of a 50-kilometer stretch of rail line in northern Kosovo, a senior official said Monday, in defiance of the new state's government.

Over 100 Firms Vie for Iraqi Oil Fields
Reuters More than 100 companies including foreign majors are vying for deals to tap Iraq's vast oil fields, but a vital oil law is stalled by tension involving the country's Kurdish region, the Iraqi oil minister said.

$5.8Bln Merger Will Create World's No. 2 Zinc Producer
The Associated Press Australian miner Oxiana has agreed to buy sector rival Zinifex in a share swap worth 6.2 billion Australian dollars ($5.8 billion), the two companies said Monday, to create the world's second-largest producer of zinc.

HSBC Posts 10% Rise in Profit
Reuters HSBC's profits rose 10 percent last year as strong gains in Asia helped Europe's biggest bank absorb a $17.2 billion hit for bad debts largely due to U.S. housing problems.

Hamas Claims Victory as Israel Exits
By Nidal al-Mughrabi / Reuters Israeli troops pulled out of the Gaza Strip on Monday after a U.S. appeal to rescue peace talks and end days of fighting that have killed more than 100 Palestinians.

Prince Harry Hopes to Return to Combat
By David Stringer / The Associated Press Prince Harry, home from his abandoned military mission to Afghanistan, says he hopes to return to combat zones as soon as possible.

Clinton, Obama Court Voters in Ohio
By Ellen Wulfhorst, Caren Bohan / Reuters U.S. presidential candidates Hillary Clinton and Barack Obama waged a tight campaign fight across Ohio on the eve of crucial voting that could virtually nail down the Democratic nomination or prolong the party battle into the spring.

McCain Caught in a Dilemma
Reuters Republican presidential candidate John McCain has a big decision ahead of him -- picking a vice presidential running mate whose presence on the ticket would reassure Americans concerned about his age.

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