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

Kurils Deal Linked to Economic Ties
By Anna Smolchenko / Staff Writer Medvedev also calls for a grain conference and a new Energy Charter during a G8 summit.

Regional Raiders Ignore Medvedev's Message
By Francesca Mereu / Staff Writer Tax and sanitary inspectors have never found anything irregular during their visits to Agrofirma Engels, but that hasn’t stopped them from dropping hints to director Nikolai Motsny that the authorities of the Saratov region city of Engels would like a chunk of the firm.

Kremlin Fingered in Litvinenko's Murder
By Nabi Abdullaev / Staff Writer A British security services agent has said the Russian government likely played a part in the 2006 poisoning in London of Kremlin critic Alexander Litvinenko.

New Demands Sent to TNK-BP
The Moscow Times TNK-BP faced more bureaucratic hurdles Tuesday when labor authorities announced an investigation into purported employment violations and fined the company 41,000 rubles ($1,750) and the Federal Tax Service demanded detailed information on BP secondees.

News in Brief
3 Police Shot in N. CaucasusSuspected Militant KilledCops Detained for ExtortionDefense Bill Tops 1 Trillion

Migrants Cling to EU Dream
By Sabina Zawadzki / Reuters ""Who paid money to be a prisoner?"" reads the graffiti on the wall of an illegal migrant detention camp, where hundreds of Pakistanis, Bangladeshis, Somalis and Vietnamese are being held.

Heads Roll in Belarus Over Weekend Blast
Reuters Belarussian President Alexander Lukashenko sacked his chief of staff and the head of the Security Council Tuesday, his office said, after last week's blast at an open-air concert that he attended.

Amid City Construction Boom, Thieves Heist Heavy Machinery
By Yelena Shuster / Special to The Moscow Times As Moscow’s construction boom continues unabated, thieves and robbers continue to heist heavy machinery such as cranes and cement mixers from local construction sites.

U.S. and Czechs Sign Shield Pact
Combined Reports The United States and the Czech Republic on Tuesday signed an initial agreement to begin basing part of a U.S. missile shield in the former Soviet satellite.

4 Georgian Soldiers Held in S. Ossetia
Combined Reports Moscow-backed separatists in Georgia's breakaway South Ossetia region detained four Georgian soldiers Tuesday, raising tension a day before U.S. Secretary of State Condoleezza Rice visits Tbilisi.

Business

Price for Central Asian Gas to Double
By Anna Yukhananov / Special to The Moscow Times From next year, Gazprom will buy its gas from Central Asia at double today's rates, following the trend of high prices in Europe, CEO Alexei Miller said in a televised meeting with Prime Minister Vladimir Putin on Tuesday.

Repsol Seeks A Stake in Sakhalin-3
Reuters Spanish oil company Repsol is in talks with Rosneft about taking a 24 percent stake in the Sakhalin-3 oil and gas fields, a company spokesman said Tuesday.

RusAl Fires Complaints At Potanin
Bloomberg United Company RusAl, the aluminum maker controlled by Oleg Deripaska, may call for a meeting of Norilsk Nickel shareholders after rival investor Vladimir Potanin extended his control of the board.

Risks Seen In Global Warming
The Moscow Times While global warming may bring Russia short-term savings on fuel costs and increased crop capacity, a temperature increase of more than 3 degrees Celsius would eventually lead to food and water shortages in some regions, a spread of diseases and a collapse of vital infrastructure, a new report said.

Swiss Banks Seek Role With Oil Funds
Reuters The government is in talks with UBS and other Swiss banks on the management of its two oil wealth funds, which total $163 billion, Deputy Finance Minister Dmitry Pankin said Tuesday.

Business in Brief
Foreign Investment BodyVimpelCom's Vietnam DealEU Pipeline ConcernsNaftogaz Contests DebtFinland Taking Its TollRuble's Rise Through JuneFor the Record

Opinion

Op-Ed Contributor: In Search of Georgia's Culture of Democracy
Speaking to a television journalist late last month in Tbilisi, Georgian President Mikheil Saakashvili -- leader of the Rose Revolution and darling of the administration of President George W. Bush -- defended the crackdown on free media in Georgia, saying the country lacked a ""culture of democracy.""

Sports

Arshavin in Limbo After Zenit Rejects Barca's Bid
Reuters Zenit St. Petersburg has rejected a 15 million euro ($23.5 million) offer from Barcelona for playmaker Andrei Arshavin, the Russian club said Monday.

Inside Russia

Painting All Muslims With a Broad Brush
On behalf of all Muslims living in Russia, Geidar Dzhemal, head of the Islamic Committee of Russia, has called for an end to the persecution of Muslims in the country.

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