The Moscow Times

Market Matters: RTS Has Toughest Week Since '99
Trading on the dollar-denominated RTS exchange was suspended three times on Friday as anxiety deepened over whether the U.S. House of Representatives would pass a $700 billion financial sector bailout package and share prices on Russian and international markets plummeted.

Sports

Russia Trebles Medal Bonuses
Reuters The Russian Olympic Committee has more than trebled bonuses for athletes who win medals at next month's Beijing Games.

News

Putin Gets a Role in Foreign Policy
By Simon Saradzhyan / Staff Writer President Dmitry Medvedev on Tuesday unveiled a new foreign policy strategy that grants unprecedented rights to Prime Minister Vladimir Putin and shows that the Kremlin will maintain the tough course set during Putin’s presidency.

Ex-Yukos CEO Asking For Parole
By Miriam Elder / Staff Writer Mikhail Khodorkovsky, the jailed former chief of Yukos, plans to request parole in coming days, a source close to the case said Tuesday.

A Disputed Building With a Big-Name Past
By Max Delany, Marianna Tishchenko / Special to The Moscow Times As a campaign by President Dmitry Medvedev and Prime Minister Vladimir Putin against “legal nihilism” gathers steam, a seemingly mundane property dispute involving a business deal from both leaders’ pasts could prove an interesting test case.

Siberian Jail Is a Champion in Fight Against TB
By James Kilner / Reuters A group of U.S. doctors have initiated a project that has overturned conventional wisdom on tuberculosis treatment.

News in Brief
U.S.-Armenia PactGroup Says Activist Arrested

Visa Rules Ground Mormons
The Moscow Times The Church of Jesus Christ of Latter-day Saints has announced that it will no longer be sending North American missionaries to Russia, citing difficulties in complying with new visa laws.

Kremlin Backs Petersburg-Region Merger
The Moscow Times The Kremlin has tentatively backed a proposal by St. Petersburg Governor Valentina Matviyenko to merge the city and the surrounding Leningrad region into a single administrative entity.

Strasbourg Gets New Nominee
The Moscow Times Justice Minister Alexander Konovalov has withdrawn the candidacy of a St. Petersburg lawmaker that he had tapped to be Russia's envoy to the European Court of Human Rights, news agencies cited sources as saying Tuesday.

U.S. Troops Start Exercises in Georgia
Combined Reports One thousand U.S. troops began a military training exercise in Georgia on Tuesday against a backdrop of growing friction between Georgia and neighboring Russia.

Business

Gazprom Looks at Increased Spending
By Anatoly Medetsky / Staff Writer Buoyed by soaring energy prices, Gazprom said Tuesday that it was mulling a substantial $4.7 billion increase in spending this year to bring new fields into operation sooner.

Aeroflot Buys 5 Airbus Jets at Air Show
Combined Reports European airplane manufacturer Airbus said Tuesday that Aeroflot agreed to buy five A321 aircraft worth a total of $452 million at list prices.

Tatneft Reroutes Czech Oil Supplies to Turkey
Reuters Tatneft, one of two key suppliers of Russian crude to the Czech Republic, said Tuesday that it had reduced the deliveries because it had rerouted volumes to Turkey to get better prices.

Service to Look Into Jet-Fuel Pricing
Reuters The Federal Anti-Monopoly Service opened an investigation Tuesday into jet-fuel price fixing by the country’s top oil producers after Prime Minister Vladimir Putin said he would sack officials if they did not fix the problem.

Study Says Poor Face 25% Annual Inflation
By Marianna Tishchenko / Special to The Moscow Times The inflation rate for the nation’s poor is set to hit 25 percent for 2008, according to a recent survey, well above the 14 percent it projected for the country as a whole.

Agalarov Plans Hotel Complex
By John Wendle / Staff Writer Kempinski, a leading international hotel management firm, said Tuesday that it hoped to sign a deal in two to three months to manage a $500 million luxury hotel owned by billionaire Araz Agalarov’s Crocus Group.

Federal Anti-Monopoly Service Opens Investigation of Mechel
By Nadia Popova / Staff Writer The Federal Anti-Monopoly Service on Tuesday said it was bringing a price-fixing complaint against Mechel, the country’s biggest coking coal producer.

City Planning Body to Be Divided in 2
By John Wendle / Staff Writer The city’s urban planning department, headed by First Deputy Mayor Vladimir Resin, said Tuesday that it would be divided into two new branches led by his deputies, with one focusing on planning and the other overseeing infrastructure.

Business in Brief
TNK-BP Wins Siberia CaseShmatko on ConservationArms Deal Terms DisputedImperial Jumps on OfferOGK-4 '07 Profit FallsFor the Record

Inside Russia

FSB Blues
Things have not been going so well for our siloviki. The BBC ran an interview on July 7 with an anonymous high-ranking agent of Britain's MI5 counterespionage unit who declared that Russian authorities were behind the poisoning death in London of former Federal Secret Service agent Alexander Litvinenko.

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