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. Last Updated: 07/27/2016

08/15/2008

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Medvedev Backs Independence Bids

Staff Writers
President Dmitry Medvedev signaled Thursday that he would support independence bids by Georgia's separatist provinces of Abkhazia and South Ossetia, as Russian troops roamed in Georgia proper, prompting outcries that Moscow was violating a truce reached with Tbilisi this week.

Conflict Exposes Obsolete Hardware

The brief but intensive armed conflict in South Ossetia has signaled Russia's willingness and ability to fight and win conflicts beyond its borders after years of focusing its war machine on nuclear deterrence and the suppression of internal security threats.

Back From the Brink With Oil and Reforms

It was exactly one month before the ruinous 1998 financial crash that Boris Nemtsov, then deputy prime minister, said he knew for sure that the country was headed for an economic meltdown.

Court Bars Dudley From Post for 2 Years

Combined Reports
A Moscow court on Thursday barred Robert Dudley, the chief executive of troubled oil firm TNK-BP from office for two years over labor violations, TNK-BP said.

Mechel Punished With Coal Price Cuts

Reuters
Mechel must slash domestic coking coal prices and pay a ""below average"" fine for abusing its market position, anti-monopoly authorities said Thursday, as fears of a state attack on the company subsided

Indifference as a National Idea

I have often heard Russians say, Русский пофигизм неизлечим (The Russian attitude of ""I couldn't care less"" is incurable).

Business in Brief

RZD Says Costs RisingGeorgia Says Pipe AttackedNo Plans on Hummer BuyX5's International TalksSUEK Gas-Fired GeneratorChemezov Wants VAT Cut

Gazprom Antitrust Step Nears

Reuters
The Federal Anti-Monopoly Service has prepared amendments to legislation on gas exports to force Gazprom to share export pipelines with independent producers, the head of the agency said Thursday.

RusHydro Jumps on Inclusion in Index

Reuters
RusHydro posted strong first-half results Thursday and its shares soared, helped by its inclusion in a benchmark index for emerging markets.

RusAl Demands New Norilsk Board

Reuters
United Company RusAl, the world’s largest aluminum producer, on Thursday demanded the re-election of the board of Norilsk Nickel, saying it believed it to be controlled by a rival shareholder.

Ossetia Conflict Stays Out of Moscow

and Anna Malpas
The South Ossetia conflict has not spilled over into hostilities between Moscow's Georgians and Ossetians, who are busy collecting clothes and medicine for their compatriots and seem united in their dislike for Georgian President Mikheil Saakashvili.

Order on Fleet to Go Unheeded

Combined Reports
Russia's military said Thursday that it would ignore a decree by Ukrainian President Viktor Yushchenko requiring its Black Sea Fleet to give 72 hours' notice before undertaking any movements from its Crimean port.

NATO Bars Russia From Joining Military Exercise

Reuters
NATO confirmed Thursday that it had barred a Russian ship from joining its multinational anti-terrorism exercise in the Mediterranean.

International Aid Pours Into Georgia

The Associated Press
Efforts to help victims of fighting in Georgia increased Thursday, with new commitments from Europe and the United States to boost supplies already being distributed by international organizations and others.

Belarus Sends Aid After Reproach

The Moscow Times
Belarussian Prime Minister Sergei Sidorsky said Thursday that his country had sent humanitarian aid to victims of fighting in South Ossetia and was ready to host several thousand children over the next two months.
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