The Moscow Times

Market Matters: As Conflict Ends, Markets on Road to Recovery
After tumbling to its lowest point in almost two years on Tuesday, Russia's MICEX Index began to slowly claw its way back over the rest of the week, suggesting a possible end to the volatility that has plagued the country's markets since tensions erupted between Russia and Georgia on Aug. 8.

News

From Soviet Relic to Renationalization Target
By Max Delany / Staff Writer If you thought the recent turmoil at Heathrow's new Terminal 5 was as bad as it can get for an international airport, then think again. While London's flagship gateway has been dealing with lost luggage, angry passengers and flight delays over the past few weeks, Moscow's leading airport has for years fought a bitter struggle for control, court cases, rate hikes and even attempts to renationalize it.

Chubais Wants Rosneft to Butt Out
By Nadia Popova / Staff Writer Unified Energy System CEO Anatoly Chubais lashed out at state-controlled Rosneft on Wednesday, accusing the country's largest oil company of ""anti-government activities"" and jeopardizing vital reforms to the country's electricity sector.

Ban Finally Makes It to Moscow
By Anna Smolchenko / Staff Writer President Vladimir Putin and his successor Dmitry Medvedev told United Nations Secretary-General Ban Ki-moon on Wednesday that the UN was the only global body with the authority to resolve international disputes.

Poland Hesitant to Lift Russia Veto
Reuters Poland will hesitate to lift its veto on the European Union's partnership talks with Russia until big EU powers agree to put Georgia and Ukraine on a clear path to join NATO, Polish President Lech Kaczynski said on Wednesday.

Tank Tracks to Have Rubber Soles
Reuters Tanks will be fitted with rubber pads to protect the cobblestones on Red Square when they take part in the Victory Day parade for the first time since the fall of the Soviet Union.

Thailand Drops Bout Charges
By Sutin Wannabovorn / The Associated Press Thai police dropped charges Wednesday against Russian citizen Viktor Bout, who is accused of being one of the world's most prolific black market arms dealers, saying they would proceed with hearings to extradite him to the United States.

Legislation Jeopardizes Foster System
By Svetlana Osadchuk / Staff Writer The State Duma took a major step Wednesday toward preventing children from being placed in foster families by abandoning a system that encouraged the placements.

Luzhkov May Leave City Hall For Senate
By Francesca Mereu / Staff Writer Mayor Yury Luzhkov will leave office by the end of the summer to take a senior government position, a city government official said Wednesday. Luzhkov, 71, is in negotiations with the Kremlin about his future position, ""but so far they have not reached any agreement,"" the official said on condition of anonymity, citing the sensitive nature of the issue.

Sargsyan Pledges to Work With Foes
Reuters Armenian President Serzh Sargsyan promised at his inauguration Wednesday to heal rifts with his opponents, one month after clashes between police and protesters killed eight people. Sargsyan was sworn in as president at Yerevan's opera house in front of an audience of hundreds including parliamentarians and foreign guests.

Unsolved Murders Revisited
The Moscow Times The Investigative Committee plans to revisit numerous unsolved murders from the 1990s, its head, Alexander Bastrykin, said in an interview published Wednesday.

Soviet Shuttle Makes River Voyage
The Associated Press The erstwhile pride of the Soviet space program is making a decidedly sedate journey to its new home, chugging up the Rhine River aboard a pontoon boat.

2 Women Died in Sect Bunker
Reuters Two members of the Penza Region doomsday cult who barricaded themselves into a bunker died during their five-month vigil underground, one of the cult members said Wednesday.

News in Brief
Helicopter Crash DeliveryLavrov Wants ConferenceGeorgia Slams Rebel Ties

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