The Moscow Times

Business: RenCap Cuts RTS '08 Target to 2,350
Renaissance Capital on Monday slashed its year-end forecast for the benchmark RTS Index from 3,000 to 2,350 and increased its equity risk premium for the country from 4 percent to 5.5 percent in a sign of continued investor jitters.

News

Ingushetiya.ru Owner Shot Dead
By Nabi Abdullaev / Staff Writer The owner of the embattled opposition web site Ingushetiya.ru was killed Sunday after being detained by police, and his supporters promised massive protests that could lead to a sharp escalation in violence in the restive region.

EU Meets As Talk of Sanctions Recedes
By Anatoly Medetsky / Staff Writer European Union leaders are unlikely to call for economic sanctions Monday when they convene in Brussels for an emergency meeting to formulate a joint response to Russia’s actions in the conflict with Georgia.

Tbilisi Closes Embassy, Toughens Visa Regime
By Nabi Abdullaev / Staff Writer Georgia severed diplomatic ties with Russia and toughened visa requirements for Russian citizens over the weekend in response to Moscow’s decision to recognize the independence of its separatist provinces of Abkhazia and South Ossetia.

New Stalin for New School Year
By Svetlana Osadchuk / Staff Writer Last year, a controversial teachers’ manual described him as an “effective manager.” Now a new manual explains that Soviet dictator Josef Stalin acted rationally in conducting a campaign of terror to ensure the country’s modernization.

News in Brief
2 Soldiers Die in ChechnyaNASA Worries About Ties

Cheney Will Give Saakashvili More Assurances From U.S.
Reuters U.S. Vice President Dick Cheney in his first visit to Tbilisi this week will assure President Mikhail Saakashvili that the United States stands firmly with Georgia.

Army's Actions Raises Ukraine Issues for EU
By Robert Wielaard / The Associated Press Russia’s actions in Georgia have turned the prospect of EU membership for Ukraine into a hot issue.

S. Ossetia Talks of Joining Russia
By Natalya Krainova / Staff Writer But a South Ossetian official says no specific political steps have been taken yet.

Transaero Jet in Near Collision
Combined Reports A Transaero jumbo jet and a Delta Air Lines plane were one minute from colliding when at least one of the planes turned away from the other over the Atlantic Ocean last week.

Zenit St. Petersburg Downs Man Utd to Lift Super Cup
Reuters UEFA Cup holder Zenit St. Petersburg became the first Russian team to lift the European Super Cup after beating Champions League winner Manchester United 2-1 on Friday.

Canada Sees More Russian Flights in the Arctic
Reuters Canada is seeing an increase in Russian flights near its airspace in the Arctic as Moscow seeks to strengthen its sovereignty in the vast resource-rich region, Defense Minister Peter MacKay said.

Curator Hides Stalin Mementos
By Mark Trevelyan / Reuters When Russian bombs began falling on Gori, Robert Maglakelidze made a desperate decision: He loaded his car with a precious consignment and fled along the dangerous road to Tbilisi.

'Ossetia Is for Ossetians, Let the Georgians Suffer'
By Yuras Karmanau / The Associated Press After Georgian soldiers stormed South Ossetia and killed Vitaly Guzitayev’s friend, he hid in the woods. Once the Georgians left, he set fire to the elegant brick homes of ethnic Georgians who lived nearby.

Polish Prime Minister Seeks To Ease Missile Shield Fears
The Associated Press Poland’s prime minister sought to reassure worried residents near the site of a planned U.S. missile-defense base on Friday, pledging that they and the country would be more secure despite threats from Russia.

China Faces Boost From Georgia War
By Peter Leonard / The Associated Press President Dmitry Medvedev has cast vague Central Asian support for Russia's actions in South Ossetia as a diplomatic victory. But a summit in the region held signs that China, already a powerful regional player, will benefit from concerns about an aggressive Russia.

Business

Banned U.S. Chicken Suppliers Named
Combined Reports Russia, the biggest market for U.S. poultry exporters, will ban imports from 19 producers in the United States and warned on Friday that another 29 suppliers faced a possible ban on health and safety grounds.

Evraz Expands Profit On High Steel Prices
By Nadia Popova / Staff Writer Evraz Group, Russia’s biggest steelmaker by market value, announced an 82 percent jump in first-quarter net income to $2 billion because of strong pricing, acquisitions and an improved sales mix, the company said in a statement Friday.

Tire Maker Amtel Accepts Sibur Takeover
Bloomberg Amtel-Vredestein, Russia’s third-largest tire maker, said shareholders agreed to a bid from Sibur-Russian Tyres, leading to a reverse takeover. Amtel’s owners agreed to swap about 159 million new shares for all of Sibur-Russian Tyres, Amtel said Friday.

Russian Bombs Just Missed Supsa Pipe
By Mark Trevelyan / Reuters During the conflict with Georgia, Russian planes dropped bombs within 15 meters of a pipeline to the Black Sea that BP was in the process of reopening through the country, witnesses said.

Minister Says Oil Tax Cut Won't Be Big
Reuters Energy Minister Sergei Shmatko on Friday said his staff would soon present new proposals on oil tax cuts to the government, although they would be much smaller than oil companies had hoped.

Rosneft, LUKoil Boost Q2 Results
By Tanya Mosolova / Staff Writer Russia's top two oil companies reported their biggest-ever quarterly profits on near-record oil prices, with state-controlled Rosneft's outpacing those of LUKoil, which posted a hedging loss.

Turkey Slaps Curbs on Russian Export Goods
By Mark Bentley / and Ali Berat Meric Turkey will impose curbs on Russian exports and may withdraw support for its membership in the World Trade Organization as a trade dispute between the two countries intensifies.

Warning Issued to Fertilizer Makers
By Simon Shuster / Reuters Russia could double or triple export duties on mineral fertilizers if producers do not sell to domestic farmers at an “acceptable” price, First Deputy Prime Minister Viktor Zubkov said Friday, Interfax reported.

Sechin Says Steel Deal to Cut Costs for Carmakers
Reuters Russian steel companies have agreed to cut prices for car manufacturers by a minimum 5 percent and could make further reductions in the near future, Deputy Prime Minister Igor Sechin said.

Business in Brief
Putin Hurries Asia PipelineX5's Q2 Profit JumpsBrazilian Beef Ban EndedEconomy Up 7.9% in 2008Meeting on Wealth FundsFor the Record

Opinion

Russia and the West Are a World Apart
The events of the last few weeks have made it clearer than ever that Russia has no place in Europe.

Matthew Collin: When a Toast for Peace Works Best in Russian
Sakartvelos gaumarjos!"" the young man shouted as he raised his brimming glass of wine high above his friends' heads in the traditional toast to his country, Georgia.

Mark H. Teeter: Show Russia the Good Side
September is upon us, and millions of Russian and American students, from fresh-scrubbed schoolchildren to grizzled doctoral candidates, are dutifully filing back into the halls of academe to resume the class struggle.

Op-Ed Contributor: Georgia Splits the Kremlin
To Our Readers The Moscow Times welcomes letters to the editor. Letters for publication should be signed and bear the signatory's address and telephone number. Letters to the editor should be sent by fax to (7-495) 232-6529, by e-mail to oped@imedia.ru, or by post. The Moscow Times reserves the right to edit letters. Email the Opinion Page Editor The Georgia crisis revealed a new strategic force in the Kremlin that opposes both Prime Minister Vladimir Putin and President Dmitry Medvedev. We still cannot name its players, but we are aware of its interests and impact on events in the same way that astronomers discern a new but invisible planet by recording its impact on known and visible objects in space. One after another, loyal Kremlin pundits have appeared on television and radio to denounce ""provokers,"" whom they dare not name, for ""planning the incursion of Russian troops all the way to Tbilisi and the establishment there of a pro-Russian government."" The line in the sand that U.S. President George W.

City Wise

Big Ring On Red Square for City Day
By Svetlana Osadchuk / Staff Writer This year's City Day celebrations will offer something new at the very heart of the capital: boxing on Red Square.

Community Bulletin Board

Community Bulletin Board
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. Interesting teachings on Tibetan Buddhism and how to meditate for beginners. We also perform pujas and prayers for those who are sick and people who need success in their life. Reiki teachings and treatments. Teachings given by Western and Tibetan teachers. For more information, contact Andrei at the Ganden Tendarling Buddhist Group, e-mail: lomonosov@gmail.com The KNIGHTS OF ST. ANDREW invite expat Catholic laymen to meet for prayer, formation and charitable work. For more information, contact Benedict Carter, tel. 997-7538. Moscow School 309 for Handicapped Children seeks donations for their psychological development program.

Market Matters

As Conflict Ends, Markets on Road to Recovery
By Courtney Weaver / Special to The Moscow Times After tumbling to its lowest point in almost two years on Tuesday, Russia's MICEX Index began to slowly claw its way back over the rest of the week, suggesting a possible end to the volatility that has plagued the country's markets since tensions erupted between Russia and Georgia on Aug. 8.

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