The Moscow Times

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.

News

Medvedev to Go It Alone in St. Pete
By Max Delany, Catrina Stewart, Nadia Popova / Staff Writers This weekend’s St. Petersburg International Economic Forum will be President Dmitry Medvedev’s first major international appearance, while Prime Minister Putin, the headline attraction in recent years, will be nowhere to be seen.

After Ruling, Most Dachas Still Not Homes
By Anna Malpas / Staff Writer Despite a Supreme Court decision, many will still find it difficult to get the document they need for a normal life.

Investigators Target eXile For Possible Violations
By Alexander Osipovich / Staff Writer Federal authorities are scrutinizing the English-language tabloid The eXile to determine whether it has violated media laws, a step that could lead to the shutdown of the notorious biweekly.

Duma Warns Ukraine Over Bid to Join NATO
Reuters The State Duma on Wednesday recommended that the Kremlin consider pulling out of a friendship treaty with Ukraine if it takes further steps to join NATO.

Patriotism Leads Movie Comeback
By Amie Ferris-Rotman, Thomas Peter / Reuters A gang of black-clad horsemen gallop past a line of gallows, splattering tufts of snow against frozen corpses. They are the oprichniki, loyal henchmen of 16th-century Tsar Ivan the Terrible. Severed dogs’ heads dangle from their saddles, a warning to the motherland’s internal enemies.

Gorbachev Calls for Repression Museum
The Associated Press Former Soviet President Mikhail Gorbachev on Wednesday urged the creation of a national museum and memorial to honor victims of Soviet-era repression and to document their demise.

EU Discusses TNK-BP With Sechin
The Moscow Times EU External Relations Commissioner Benita Ferrero-Waldner discussed recent problems at TNK-BP with Deputy Prime Minister Igor Sechin on Wednesday, Reuters reported.

EU Links Abkhazia To Sochi Olympics
By Nikolaus von Twickel / Staff Writer pping up EU pressure on Russia, a European Union commissioner said Wednesday that Moscow's recent actions in Georgia's breakaway region of Abkhazia might threaten the 2014 Sochi Olympics.

Germans Detained With War Medals, Clocks
The Moscow Times A German man has been detained in Rostov for attempting to take a World War II-era Soviet medal out of the country, a customs official in Rostov said Wednesday.

NATO Urges Pullout From Abkhazia
Reuters NATO Secretary-General Jaap de Hoop Scheffer said Russia should withdraw 400 troops deployed to repair railway lines in Georgia's breakaway region of Abkhazia.

Prosecutors Rule Against City Hall
By Natalya Krainova / Staff Writer City prosecutors have sided with opposition activists who say City Hall broke the law by not granting permission for a Dissenters’ March last month, the activists said Wednesday.

German Helicopter Spy Trial to Open
By Nikolaus von Twickel / Staff Writer An agent for the Foreign Intelligence Service offered a German engineer around $52,000 to provide him with handbooks for Western helicopters, according to an indictment released by a German court on Wednesday.

Business

Dividends Likely Key At Rosneft Meeting
By Anatoly Medetsky / Staff Writer State-controlled Rosneft took steps to appease minority shareholders ahead of Thursday's annual meeting, announcing ambitious growth plans in hopes of staving off protests over the size of dividends.

Kremlin Gets Tougher on Emissions
By Simon Shuster / Reuters Government leaders pledged budget funds for clean energy and called for limits on greenhouse gas emissions in a reversal of the country's earlier reluctance to embrace the Kyoto Protocol and energy efficiency.

TNK-BP Sues Jobs Service
The Moscow Times The company that runs TNK-BP has filed a lawsuit against Moscow's employment service in what may be part of a dispute between the oil firm's Russian and British shareholders over how many foreign employees can work there.

Shuvalov Tells EU Not to Fear Russia
Reuters First Deputy Prime Minister Igor Shuvalov on Wednesday called for European countries to get over their mistrust of investments from Russia and pledged to be more open.

Power Shortages Hit LUKoil Output
Bloomberg LUKoil said Wednesday that power shortages in western Siberia were curtailing output.

LUKoil Misses Q1 Estimates As W. Siberian Output Slips
Bloomberg LUKoil, the country's biggest independent oil producer, on Wednesday reported first-quarter profit that missed analysts' estimates after production declined at west Siberian fields.

Opinion

Cracks in Putin's Vertical Power Fortress
Four weeks have passed since Dmitry Medvedev was sworn in as president and since his predecessor, Vladimir Putin, was approved as prime minister.

City Wise

See Where the Revolution Began
By Lara McCoy Roslof / Special to The Moscow Times What to Do

Business in Brief

Business in Brief
Polyus Rebuffs ProkhorovVimpelCom Q1 Profit RisesStrategic Industries BodyMagna May Build ChryslersUralkali Names PresidentInflation at 7.7% on YearKia Production May MoveFor the Record

Designer Coffeehouse
By Nathan Toohey / Staff Writer Design guru Artemy Lebedev has certainly branched out with his latest creation -- a diminutive cafe on Bolshaya Nikitskaya called Lavka Artemia Lebedeva.

Syrok
By Maria Antonova / Special to The Moscow Times Icon

News in Brief
More Moscow Cars TorchedReznik May Head YablokoOne Killed in IngushetiaU.S. Navy Ends SearchAstana to Be Renamed?Space Toilet Fixed

Russian Pair Into Women's Semis
The Associated Press Twice on the verge of elimination, Dinara Safina instead finds herself in the French Open semifinals.

City By The Black Sea
By John Wendle / Staff Writer Odessa has been influenced by the many nationalities that have passed through its port.

Medvedev Without Morality
Two years ago, I met with a high-ranking Kremlin official who confidently asserted, ""The next president will surely become more of a moralist than former President Vladimir Putin, who is not suited to that style of behavior."" Now, Dmitry Medvedev has become president, but he has yet to mention the issue of morals or ethics in society.

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