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 Receives War Plan On Graft
By Francesca Mereu / Staff Writer Kremlin chief of staff Sergei Naryshkin on Wednesday submitted a long-awaited plan to tackle corruption, a problem that President Dmitry Medvedev has declared a top priority.

Hopes Ride on an Odd Couple
By Max Delany, Yelena Shuster / Special to The Moscow Times One has the fresh face of a teenager and a diploma in fashion design; the other is a portly, middle-aged Dutchman.

Summit Dreams for Siberian Oil Town
By Anna Smolchenko / Staff Writer For the next few days, this small town deep in a Siberian forest will bask in the spotlight as European and Russian officials try to move their stalled partnership forward.

News in Brief
Russia Worries MerkelMetro Cars Go Off RailsThousands of Cars RemovedFood Stamps ConsideredOlympic Spending Boosted

Kremlin Won't Budge on Frozen Conflicts
The Moscow Times Russia is committed to negotiate a new EU partnership pact at the Khanty-Mansiisk summit but will stick to its guns over so-called “frozen conflicts,” a senior Kremlin aide said Wednesday.

In Stalin's Bomb Laboratory, Dreams of Preservation
By Christian Lowe / Staff Writer Behind a thicket of weeds and broken windowpanes, one of the former Soviet Union's dark secrets is the laboratory where captured German scientists worked to build an atomic bomb for Josef Stalin.

Turkmens Vow Democratic Change
Reuters Turkmenistan, criticized by human rights groups for its slow pace of reform, has promised a European Union delegation that it will bring about more democratic change, state media reported Wednesday.

Belarus Cracks Down on Internet Ahead of Vote
By Yuras Karmanau / The Associated Press Belarussian lawmakers have given final approval to a crackdown on Internet journalism, one of the last remaining independent sources of information in the country.

U.S. Moves To Ditch Nuclear Agreement
The Associated Press U.S. lawmakers have taken a first step toward rejecting a civil nuclear cooperation agreement between the United States and Russia, but it was not clear whether opponents would be able to muster the votes to block it.

Ingushetia's Forces Accused of Abuses
By Mansur Mirovalev / The Associated Press Security forces are responsible for widespread human rights abuses in Ingushetia, Human Rights Watch said in a report released Wednesday.

Duma Swaps Tajik Debt For Facility
By Vladimir Isachenko / The Associated Press Deputies ratify an agreement to forgive $242 million in exchange for a space-tracking station on a Tajik mountain.

Business

Rosatom Courts Foreign Investors
By Nadia Popova / Staff Writer Russia is prepared to welcome foreign investors into its civilian nuclear power sector, Rosatom chief Sergei Kiriyenko said Wednesday.

Kudrin Fires Salvo at Ministers in VAT Feud
By Anatoly Medetsky / Staff Writer Deputy Prime Minister Alexei Kudrin on Wednesday railed against the looming decision to cut the value-added tax, defying the president, the prime minister and his fellow ministers.

Shuvalov Says Moscow Roads Need $212Bln by 2015
By John Wendle / Staff Writer First Deputy Prime Minister Igor Shuvalov said Wednesday that investment in transportation infrastructure for Moscow and the surrounding region would require 5 trillion rubles ($212 billion), more than double the planned government spending for the project.

The Kremlin's New Leader Strikes a Different Pose
Reuters President Dmitry Medvedev played down differences with his predecessor, Vladimir Putin, in an interview, but the contrast in style and tone between the two men was striking.

'Serious' Pact Sought With EU
Reuters Russia wants to negotiate a “serious” pact governing its relationship with the European Union but not one overburdened with detail, President Dmitry Medvedev said in an interview.

Medvedev Vows to Cut State Role in Economy
By David Schlesinger, Janet McBride / Reuters President Dmitry Medvedev said in an interview that he wanted to reduce the state’s role in the economy and curb government spending to combat rising inflation.

Business in Brief
TNK-BP Meeting BoycottShuffle May Cost MitvolFederal Grid Chief to ResignTatneft '07 Profit Up 45%Acron's 2007 Profit DoublesVekselberg's Software BuyGAZ '07 Profit Rises 29%For the Record

Opinion

Boris Kagarlitsky: A Battle Against Everything Soviet
Lithuania and Latvia have begun a new campaign in the struggle against the consequences of the Soviet occupation of their countries.

Sports

Words to Wife Possibly Sparked Betting Scandal
By Pritha Sarkar / Reuters Nikolay Davydenko said an on-court conversation with his wife, Irina, may have accidentally triggered the betting scandal which has plagued him since last year.

Forget Defeat, Momentum Is Now With Russia
By Mitch Phillips / Reuters Spain hammered Russia 4-1 in the group stage of Euro 2008, but it should be a very different game when they meet again in Thursday's semifinal, with Russia transformed by the return of Andrei Arshavin.

Spain Has Learned to Win Ugly
By Karl Ritter / The Associated Press Russia coach Guus Hiddink is known for doing great things with small teams. Luis Aragones' job is even harder: showing Spain deserves the place it craves among the world's football elite.

City Wise

Ask the Chef
Alexander Saburov is head chef at the St. Tropez restaurant.

Crimea Revisited
By John Wendle / Staff Writer The beaches and mountains of Crimea have much to offer a new generation of vacationers.

Columnists

Making Champions Out of Underdogs
By David Marples, Georgy Bovt / The image of Russia in the West has slowly deteriorated from one of potential ally to that of an aggressor that threatens Asian and European security.

Summertime Swan Lake
By Nathan Toohey / Staff Writer Last year, Kak na Kanarakh was ""the"" summer spot. Created by the people behind Solyanka night club and cafe, the pontoon restaurant was a virtual floating resort on the river beside Gorky Park, complete with a swimming pool and deck chairs.

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