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. Last Updated: 07/27/2016

07/25/2008

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Balancing Growth and Environment

Every summer, the 15,000 residents of Nikel worry about the wind. The wind blows southward for most of the year, carrying toxic fumes from the local nickel smelter away from the Murmansk region town just seven kilometers from the Norwegian border. As a result, the countryside south of the town is a brown moonscape of bald hills, barren of plant life for kilometers around.

Harried Dudley Leaves the Country

ТNK-BP's embattled chief executive, Robert Dudley, temporarily left the country Thursday after facing bureaucratic hurdles renewing his work visa but vowed to continue running the company from abroad.

Medvedev Looking for Own Kind of People

When President Dmitry Medvedev called for the creation of a “presidential reserve” of qualified personnel for positions in the federal and regional governments, he acknowledged that the state suffered from an acute shortage of effective managers and a poor system for their selection.

Putin Attack Sends Mechel Plummeting

Prime Minister Vladimir Putin launched a withering attack on purported price-fixing by coal and steel producer Mechel, prompting the company's U.S.-listed stock to plunge more than 30 percent Thursday.

Fursenko Blasts Educational Institutions

Education and Science Minister Andrei Fursenko said Thursday that as many as 80 percent of the country's higher education institutions should not continue functioning in their current capacities, adding new urgency to the government's drive to boost scientific and technological innovation.

Prokhorov to Invest $10Bln in New Unit

Billionaire Mikhail Prokhorov's Onexim Group said Thursday that it would invest $10 billion over the next five years in a new company, Intergeo, to develop the mining assets he received from former partner Vladimir Potanin.

The Language of Overindulging

As someone who is always looking forward to my next snack or meal, I'm very happy in Russia. Russians are good eaters.

Skinheads Suspected In 21 Ethnic Killings

The group of seven is suspected of killing people of non-Slavic appearance.

Abramovich Back in Chukotka Politics

Less than a month after resigning as governor, billionaire Roman Abramovich is diving back into Chukotka politics, with his eye on the speaker's chair in the remote Arctic autonomous district's parliament.

Court Wants Khodorkovsky Report

A Siberian court has requested an evaluation of former Yukos CEO Mikhail Khodorkovsky's behavior in jail for consideration of his parole application, a court official said Thursday.

Rostov Man May Face 2 Years for Hate Texts

A Rostov region man is facing up to two years in prison for hate speech for purportedly sending text messages to hundreds of cell phones calling for ethnic Russians to be killed, prosecutors said Thursday.

'Forbidden Art' Charges Handed Over to Courts

Prosecutors have completed their investigation of two organizers of an art exhibit who are accused of inciting religious hatred with a collection of controversial paintings and other visual works.

Zubkov Decries Low Salaries on Farms

First Deputy Prime Minister Viktor Zubkov said Thursday during a two-day visit to the Krasnodar region that farm workers are not paid enough and that more must be done to introduce innovative agricultural techniques.

Moscow Tops List of Costly Expat Locales

Moscow has earned the dubious honor of being named the most expensive city for expatriates, defending the rank it has held for the past two years, according to a survey released Thursday.

Evraz Said in Talks for Donbass Assets

Bloomberg
Evraz Group, the country's biggest steelmaker, is in talks to acquire assets from Ukraine's Industrial Union of Donbass, two people familiar with the situation said Thursday.

New Deputy CEOs Named at Norilsk

Reuters
Norilsk Nickel said Thursday that it has offered Alexander Popov, chairman of the management board at Rosbank, the new position of first deputy CEO.

Sechin to Visit China for Energy Talks

Reuters
Russia and China will launch high-level talks aimed at encouraging energy cooperation between them, the Chinese government said Thursday, after years of frustrated deal making over oil and gas.

Business in Brief

UES Office Sold for $175MPolyus Opens Pilot PlantEvraz Wins Rights to MineComstar to Expand ServicesTatneft Seeks Refinery StakeBanks Quizzed on Stress TestFor the Record

Yushchenko Says Former Ally Responsible for His Poisoning

The Associated Press
Ukrainian President Viktor Yushchenko said Thursday that he believes a former ally and friend was involved in his near-fatal poisoning four years ago.
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