The Moscow Times

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Lawmakers Recognize Rebel Regions
By Natalya Krainova / The Moscow Times The parliament on Monday called on President Dmitry Medvedev to recognize the independence of Georgia's breakaway regions of South Ossetia and Abkhazia.

Putin Eyes Retreat On WTO Accords
By Anna Smolchenko / The Moscow Times Prime Minister Vladimir Putin said Monday that Russia should abandon some of the commitments it made during World Trade Organization accession talks.

Resolution, Oil Prices Push Markets Lower
By William Mauldin / Bloomberg Russian stocks fell to their lowest since 2006 on concerns that the recognition of two breakaway Georgian regions will renew tensions in the area, while lower oil prices may curb the earnings of energy companies.

Seaweed Feeds Arkhangelsk Plant
By Maria Antonova / The Moscow Times Consider this as a summer job: Your accommodation is a rusty shack on the coast of the White Sea and your equipment a long scythe for reaching down into the water to cut off kelp leaves and drag them into a rickety rowboat.

EU Told It Must Commit to Ukraine
Reuters A European Union think tank said Monday that the bloc should make specific commitments to Ukraine after Russia sent troops into Georgia.

U.S. Warship Arrives With Aid
By David Rising / The Associated Press A U.S. Navy destroyer loaded with humanitarian aid has reached Georgia's Black Sea port of Batumi, bringing baby food, bottled water and a message of support for an embattled ally.

Tbilisi Faces Anger as Cost of War Sinks In
By Mike Eckel / The Associated Press As Georgia comes to grip with the damage inflicted by Russia's military campaign, President Mikheil Saakashvili seems likely to face the anger and frustration of tens of thousands of displaced Georgians.

Investigator Charged
The Moscow Times Prosecutors on Monday formally charged former senior Investigative Committee official Dmitry Dovgy with bribery and abuse of office.

Jet Crash Kills 65 in Kyrgyzstan
Combined Reports Twenty-five people survive after the Boeing 737 slammed into a field shortly after takeoff.

Cindy McCain Will Drop In on Georgia
By Peter Slezkine / Special to The Moscow Times Cindy McCain, wife of U.S. presidential candidate John McCain, is to arrive Tuesday in Tbilisi, U.S. and Georgian officials said.

U.S. Democrats Push Unity Ahead of Party Convention
Reuters Democrats are preaching party unity on the eve of a four-day convention to nominate Barack Obama for the White House, with former rival Hillary Clinton preparing to urge her disgruntled supporters to back Obama.

Zimbabwe Opposition Wins Post
Reuters Zimbabwe's main opposition party won the vote for parliament speaker on Monday, dealing a blow to President Robert Mugabe in a post-election power struggle.

Israel Releases Nearly 200 Palestinians
The Associated Press Israel on Monday freed nearly 200 jailed Palestinians -- including a militant mastermind from the 1970s who became the Jewish state's longest-serving Palestinian prisoner -- in a goodwill gesture made hours before U.S. Secretary of State Condoleezza Rice's latest peace mission to the region.

Sharif Pulls Out of Coalition
Reuters Former Pakistani Prime Minister Nawaz Sharif pulled his party out of the ruling coalition Monday, deepening a political crisis that has diverted government attention from pressing security and economic problems.

Business

TNK-BP Executive Quits After 5 Years
By Nadia Popova / The Moscow Times Embattled oil firm TNK-BP announced Monday that its executive vice president for downstream, Anthony Considine, had resigned after five years with the company.

RusHydro Looking for Recovery in Share Price
By Courtney Weaver / The Moscow Times RusHydro, the world's second-biggest hydropower generator, could be set to receive a boost from its debut on the MSCI Emerging Markets Index on Friday, as investors may see the electricity producer as a cheap buy among Russian stocks suffering from political risk perceptions.

BP Says Pipeline Restarting
Bloomberg Tankers will begin loading oil Tuesday from the Baku-Tbilisi-Ceyhan pipeline for the first time since a fire affected the main outlet for Azeri crude to U.S. and European markets almost three weeks ago.

Business in Brief
Unknown Ruble Falls After VoteMechel Eyes Power PlantsForeign Car Sales Up 40%Grain Harvest Up 41%Highveld H1 Profit SoarsPromsvyazbank H1 Up 43%a

Wealthy Russians Dive Into Caribbean
By John Wendle / Staff Writer After the singer in the glittery black cape finished his aria and swept off stage, a member of Gianni Versace's family stepped into the haze of a smoke machine and cut a red ribbon.

Norilsk Surges as Investors Welcome Buyback of Shares
Bloomberg Norilsk Nickel, the world's largest miner of nickel and palladium, jumped in Moscow on a plan to buy back as much as 49 billion rubles ($2 billion) in shares.

Mystery Auction Winner Sues Rosneft
The Moscow Times Prana, the mystery firm that Rosneft paid $3.4 billion last year to acquire Yukos' headquarters, has now filed suit against the oil giant for $30 million, which sources believe may be connected to old debts from Yuganskneftegaz, Vedomosti reported.

Ivanov Sent to Sort Out AiRUnion
Combined Reports Prime Minister Vladimir Putin on Monday ordered Deputy Prime Minister Sergei Ivanov to resolve a dispute between debt-ridden AiRUnion and fuel providers that led to passengers becoming stranded at airports, RIA-Novosti reported.

Ministry Sees Drop In Oil Export Duty
Reuters Russia is likely to cut slightly the oil export duty for October and November from the current record level following the recent fall in global oil prices, a Finance Ministry official said on Monday.

Magnit Expected to Post Jump in Net Profits
Reuters Russia's largest food retail chain, Magnit, is expected to post a 68 percent jump in first-half net profit, helped by inflation and booming sales, according to a survey of analysts Monday.

S7 Considers Austrian Airlines Bid
Combined Reports Russian air carrier S7 is considering taking part in the contest for a stake in Austrian Airlines, S7 spokesperson Irina Kolesnikova said Monday. She declined to say whether S7 has actually placed a bid.

Opinion

Don't Trust Politicians With War
Until recently, I thought the famous quip by early 20th-century French Prime Minister Georges Clemenceau that ""war is too important to be left to the generals"" had a lot of validity.

Alexei Pankin: Rethinking the War
Relying on common sense, it is clear to me that Georgian President Mikheil Saakashvili started the war.

Arts & Ideas

New Ways To See Moscow By Water
By Svetlana Osadchuk / Staff Writer One of the most relaxing ways to see any city is from the river.

Community Bulletin Board

Community Bulletin Board
Unknown How to Submit Items Community Bulletin Board is published every Tuesday. Please submit notices of up to 40 words by noon Thursday. E-mail community@imedia.ru , call +7 (495) 234-3223 or fax +7 (495) 232-6529. Are you an Expat young American? Take part in the ""Lens on Democracy"" video contest from YOUTH VOTE OVERSEAS. Show your creativity and express your opinions on the American democratic system. For more details and to enter go to www.yvo.overseasvotefoundation.org . THE RUSSIAN LITERATURE AND THEATER GROUP offers the opportunity to meet and becoming acquainted with the work of contemporary Russian writers and theater people once a month. There are occasional vacancies for Russian-speaking members. For more information, contact Amanda at tel. 8-903-764-4839 or e-mail amanda_c@mail.ru . Join the AMC PUBLIC SPEAKING CLUB today! The goal of this noncommercial society is to provide you with the best environment for improving your communication and leadership skills. Native or fluent English speakers only.

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