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Testimonials
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to another 15 years of strong partnership and beyond.
"-Tremayne Elson, Managing Director Antal International Russia
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Business: RenCap Cuts RTS '08 Target to 2,350
Renaissance Capital on Monday slashed its year-end forecast for the benchmark RTS Index from 3,000 to 2,350 and increased its equity risk premium for the country from 4 percent to 5.5 percent in a sign of continued investor jitters.
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Thursday, August 21, 2008
Updated at 21 August 2008 0:37 Moscow Time
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Issue 3971 Published: 21 August 2008 Download PDF
Petition Pleads for Khodorkovsky Parole
By Nadia Popova / Staff Writer Amid heavy drizzle outside the Chita Drama Theater, half a dozen campaigners on Wednesday gathered signatures for a petition to free jailed tycoon Mikhail Khodorkovsky on the eve of his parole hearing.
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Syrian Arms Talk Likely to Rile West
By Anna Smolchenko / Staff Writer Syrian President Bashar al-Assad might be hoping to capitalize on Moscow’s current diplomatic isolation to expand military cooperation with Russia as he meets with President Dmitry Medvedev in Sochi on Thursday.
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Port's Problems Echo Troubles in Georgia
By Nikolaus von Twickel / Staff Writer When Alan Middleton became CEO of the Poti Sea Port Corporation this spring, he thought he was moving to a position in a promising emerging market and not to what would soon be a war zone.
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News in Brief
Pride for Military SurgesSakharov Museum ChangeBelarus Frees 2 ActivistsBelarussian Air Defense Pact
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Pop Star Promises To Help Sex Slaves
By Stephanie Nebehay / Reuters Pop star Valeriya says she is drawing on her experience as a battered wife and ""slave"" to help migrant workers break free of sexual exploitation and forced labor in her homeland.
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Shot at Beauty in an Oxygen Gun
By John Wendle / Staff Writer Viktoria Agafanova held a gun to the woman's head and fired. A strong stream of cool oxygen shot out, hissing.
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Investigator Put Under Arrest
The Moscow Times A court on Wednesday ordered the arrest of former senior Investigative Committee official Dmitry Dovgy on charges of bribery and abuse of his position.
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Poland and U.S. Sign Missile Deal
By Monika Scislowska, Vanessa Gera / The Associated Press U.S. Secretary of State Condoleezza Rice and her Polish counterpart signed a deal Wednesday to build a U.S. missile-defense base in Poland, an agreement that prompted an infuriated Russia to warn of a possible attack against the former Soviet satellite.
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Red Cross Enters South Ossetia
The Associated Press The Red Cross on Wednesday moved the first international relief workers into South Ossetia since fighting broke out in the breakaway Georgian province nearly two weeks ago, the agency's top official said.
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Kiev Seeks An End to Ship Feud
Reuters Ukraine said Wednesday that it would not stop Russian ships used in the Georgian conflict from coming back to their Black Sea port, lessening prospects of a standoff with Moscow.
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Officer Accused of Spying for Georgia
By Nabi Abdullaev / Staff Writer A senior Russian army officer has been arrested in the Stavropol region on suspicion of spying for Georgia, authorities said Wednesday. Mikhail Khachidze, an ethnic Georgian, was recruited by Georgian intelligence late last year while he was stationed in a unit based on Georgian territory, according to a statement issued by the Federal Security Service, or FSB.
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Medvedev, Tycoons To Discuss Tax Cuts
By Oleg Shchedrov / Reuters The president tells Potanin that he will meet with the RSPP big business group in September to talk over economic problems.
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Russia to Hold the Line On Freddie, Fannie Debt
By Toni Vorobyova / Reuters Russia is not planning to raise its exposure to debt issued by troubled U.S. agencies Fannie Mae and Freddie Mac, but will not cut it rapidly, Deputy Finance Minister Dmitry Pankin said Wednesday.
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Activist Shareholder's Claims Thrown Out
By Anatoly Medetsky / Staff Writer A Moscow court on Wednesday rejected a demand by a minority shareholder that state oil giant Rosneft shed more light on its deals with oil trader Gunvor.
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Business in Brief
Ruble Up Against Basket2009 Inflow Seen at $50BlnMechel 3-Year ContractsGerman Takeover LawAzeris Eye Iran ExportsGeorgia Cuts Key Rate
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MMK's H1 Results, Outlook Boost Shares
Reuters Magnitogorsk Iron & Steel Works, or MMK, the country’s third-largest steel producer, forecast strong annual sales growth on rising volumes and higher steel prices after meeting first-half expectations Wednesday, sending its shares higher.
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Iraq Invites LUKoil to Bid for West Qurna
The Associated Press An Iraqi Cabinet minister invited Russia’s LUKoil on Wednesday to renew its bid on the lucrative West Qurna-2 oil field and urged Russian companies to seek roles rebuilding dilapidated power plants as Iraq searches for foreign investment to revive its oil industry and infrastructure.
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City's Traffic Jams Are Getting Worse
By Tai Adelaja / Staff Writer If you think that traffic jams in Moscow are growing worse, you are right. The city sees about 800 traffic jams every day, robbing the average driver of 12.5 hours per month, according to a new report by Yandex, provider of the popular, continually updated traffic reports for drivers on the Internet.
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G7 Calls For Increased Aid to Georgia
By Martin Crutsinger / The Associated Press The world's major industrial countries are calling for increased economic support for war-torn Georgia.
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Predicting the Next Aug. 17
What is there about modern-day Russia and the month of August? Each year it is rare that the month passes without Moscow finding itself caught up in some history-making event. This year it is the war with Georgia.
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Boris Kagarlitsky: Russia's Upside in the Georgia Conflict
Fortunately, the Russia-Georgia war was short-lived, but its repercussions will be felt for quite a long time. By defeating Georgia and showing that Washington was unable to defend its own ally, Russia humiliated the United States in front of the whole world.
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China Detains Pro-Tibet Americans
Reuters Five American blogger-activists and a foreign artist have been detained in Beijing as the government intensifies a crackdown on pro-Tibetan protests at the Olympics, rights groups said on Wednesday.
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Russians Aim for Rhythmic Revival
Reuters Russia's women drew a blank in the artistic gymnastics at the Olympics for the first time, leaving it up to their rhythmic cousins to make amends when they take to the stage with their ribbons and hoops on Thursday.
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Synchronized Swimming Duo Bringing Home Another Gold
Reuters Russia's reigning Olympic champions, the ""two Anastasias,"" defended their synchronized swimming duet title on Wednesday with an almost perfect routine swum to the strains of Edvard Grieg's Peer Gynt suite.
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Ilchenko Wins Roller Derby in Water
The Associated Press Russia's Larisa Ilchenko sprinted to a gold medal in the final stages of the first Olympic women's 10-kilometer marathon swim race Wednesday, overcoming a battle of kicking and underwater grabbing that resembled roller derby in water.
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'Lightning' Bolt Pulls Off Sprint Double
By Andrew Cawthorne / Reuters Jamaica's Usain ""Lightning"" Bolt roared to gold in the 200 meters Wednesday to become the first man since Carl Lewis in 1984 to win an Olympic sprint double.
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Shooting Young Moscow's Raw and Trendy Denizens
By Anna Yukhananov / Special to The Moscow Times There are two young men on the expanse of white canvas. One wears sunglasses and a Ramones T-shirt, the other a sleeveless shirt, boxing hand wraps, and a Vans baseball cap. With their confident slouch, they are the epitome of cool, sporting the gestures, brands and attitudes of international youth culture.
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Georgian Crisis Is a Trap for U.S. Leadership
The fighting between Georgia and Russia has resulted in a serious political crisis in U.S.-Russian relations. It seems as if both sides have gone back to the sharp Cold War rhetoric of the early 1980s.
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