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. Last Updated: 07/27/2016

08/25/2008

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East-West Artery Reopens in Georgia

Traffic gradually began to trickle along Georgia's main east-west highway over the weekend, after the departure of Russian troops who had been barring traffic on the road and, effectively, cutting the country in half.

Moscow Dismisses Economic Threats

Attempts to isolate and punish Russia for its military actions in Georgia will backfire, given Russia's economic muscle and key role in mediating international disputes, senior Russian officials said Friday.

Khodorkovsky's Parole Request Denied

A court in Chita on Friday turned down a parole request from Mikhail Khodorkovsky, the former boss of oil giant Yukos who is serving an eight-year sentence in the east Siberian city for fraud and tax evasion.

Severstal Expands in U.S. in $1.3Bln Deal

Reuters
Severstal will pay $1.3 billion to acquire North American coal miner PBS Coals in an all-cash deal giving it access to raw materials for its expanding network of U.S. steel mills.

Debt-Ridden AirUnion Resumes Regular Flights

Debt-ridden AiRUnion resumed flights from Moscow's Domodedovo Airport over the weekend, ending days of delays caused by soaring prices for jet fuel.

Slew of Bad News and a Chita Mirage

A steady stream of bad news sent the markets tumbling last week, and one of the few bright spots -- when investors latched onto a report Friday that Mikhail Khodorkovsky had been granted parole -- turned out to be false.

Putin's Gold Medal War

What does the ""Olympics War,"" otherwise known as Russia's invasion of Georgia, really mean? The war itself, of course, was predicable and predicted. Its results are equally clear.

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