The Moscow Times

Market Matters: As Conflict Ends, Markets on Road to Recovery
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.

News

Yevroset Ensnared in 2 Investigations
By Anna Smolchenko, John Wendle / Staff Writers Yevroset faced twin criminal investigations Wednesday, in what an industry source and analysts said appeared to be an attempt to undermine the possible sale of a stake in the country's largest mobile phone retailer.

Medvedev and Putin Call Up the Networks
By Nabi Abdullaev / Staff Writer Almost immediately after the war between Russia and Georgia erupted on Aug. 8 over the breakaway Georgian republic of South Ossetia, a leading foreign news network requested an interview with President Dmitry Medvedev.

58 Muslims Await Trial in Nalchik
By Matt Siegel / Staff Writer Claims of widespread torture and judicial corruption plague the government's efforts to try suspects in a 2005 attack.

News in Brief
Nicaragua Recognizes RebelsNATO Backs Baltic StatesTransdnestr Leader VisitsEU Urges Troop WithdrawalLavrov to Have Shield Talks

After Break, Deputies Speak Out About War
By Anatoly Medetsky, Natalya Krainova / Staff Writers The State Duma opened its regular fall session Wednesday for a day of discussions that featured education much more prominently than the recent war with Georgia. But the strongest words were still reserved for the conflict.

Mothers Sit and Wait for Answers
By Matt Siegel / Staff Writer Whether from the blazing sun, the strain of emotion or simply the terrible weight of the past three long years, Larisa Aramisova has finally had enough. She wants to know what has been done with her son's body.

Journalists Attacked, Killed in North Caucasus
The Associated Press One journalist was shot and killed and another was left with a fractured skull after a beating in the North Caucasus, and police and co-workers said Wednesday that the two men were likely targeted for their work.

Yushchenko Threatens Early Election
Reuters Ukrainian President Viktor Yushchenko on Wednesday threatened to call an early parliamentary election after he said the country's coalition government had collapsed.

Parking Fees to Be Banned
By Anna Malpas / Staff Writer City authorities said Wednesday that roadside parking attendants would be banned beginning next week in an effort to root out corruption among those who make drivers pay to park on city streets.

Hundreds Remember Beslan Victims
By Alexandra Odynova / Special to The Moscow Times Hundreds of people gathered around Moscow on Wednesday to commemorate the more than 300 people killed in the Beslan school raid in 2004 and the victims of other terrorist attacks.

U.S. Will Give $1Bln In Aid To Georgia
Combined Reports Washington on Wednesday was to announce an aid package of more than $1 billion to help Georgia rebuild after its war with Russia.

Business

Stocks Tumble, Ruble Passes 25
By Courtney Weaver / Special to The Moscow Times The ruble fell by as much as nearly 2 percent against the dollar on Wednesday, while Russia's RTS Index dropped 4.3 percent, pummeled by low oil prices, a tightening market and geopolitical concerns over Russia's rift with the West over Georgia.

Rosneft Delays Field Launch, Cuts Target
Reuters Rosneft said Wednesday that the launch of a huge east Siberian field was delayed and cut its output forecast, making it more likely Russia's total production will decline this year.

Ukraine's Bonds Fall As Government Splits
Combined Reports The bond drop sends seven-year yields to a four-year high.

Call for Sovereign Wealth Fund Rules
Bloomberg Sovereign wealth funds should adhere to a new code of conduct to avoid a ""protectionist backlash"" in countries that grow suspicious of their motives, the International Monetary Fund's No. 2 official.

Medvedev Talks of Economy And Yukos' Fate in New Book
The Associated Press A new book based on interviews with President Dmitry Medvedev released Wednesday has him discussing issues ranging the fate of Yukos and the economy to his family and love of literature.

Regulator Urges Investors to Fund Electricity Expansion
By Nadia Popova / Staff Writer A noncommercial partnership that regulates the country’s electricity-trading system said Wednesday that Russia would need another 10 gigawatts of power by 2014 to keep up with growing demand, calling on foreign and domestic firms to step up investment.

Cheney Promotes Pipelines in Baku
Combined Reports U.S. Vice President Dick Cheney said Wednesday that the United States would work with countries in the Caucasus to develop additional routes for energy exports to promote energy security, which is becoming an ""increasingly urgent"" issue.

Business in Brief
'07 Inflation at 9.7% So FarRenova Boosts Falcon StakeNorilsk on Energy SpinoffSibur, TNK-BP Up CapacityAtomstroiexport in BulgariaTNK-BP Holding to MeetFor the Record

RZD Telecoms Arm Seeks to Double Revenue
Reuters Telecoms operator TTK, a subsidiary of state-owned Russian Railways, plans to double revenue from international telecoms services by the end of next year, an executive said Wednesday.

GAZ Joins GM in Italian Engine Company
Bloomberg GAZ, billionaire Oleg Deripaska's automaker, will partner General Motors in Italian engine maker VM Motori, after agreeing to buy the 50 percent the U.S. company does not own.

Russia Pushing for African Resources
By Tom Pfeiffer / Reuters Energy and metals firms have set their sights on the continent's untapped wealth, to Europe's dismay.

Gazprom, Nigeria Sign Energy Deal
Combined Reports Nigerian National Petroleum Corporation, the country's state oil firm, and Gazprom have signed a memorandum of understanding on oil and gas exploration in Africa's top crude producer, the companies said Wednesday.

Opinion

Building a Strong Georgia
Given the tremendous damage that Russia has inflicted on Georgia, it is easy to conclude that the Kremlin has achieved its objectives. But, so far, the Kremlin has failed in its real goal -- getting rid of pro-U.S. Georgian President Mikheil Saakashvili.

Boris Kagarlitsky: Blame Capitalism, Not Medvedev
Whenever a writer promises to ""reveal the truth behind recent events,"" he usually digs up the latest conspiracy theory or divulges ""inside information"" that explains how key decisions were made.

Op-Ed Contributor: Helping Russia Return To Its Reform Agenda
Only a handful of countries have supported Russia's military campaign in Georgia and its recognition of South Ossetian and Abkhaz independence. The country's global isolation has been a severe blow to its reputation.

City Wise

Folk, Fire And Food To Feature At Festival
By Svetlana Osadchuk / Staff Writer The annual open-air folk music festival Harvest will take place on Saturday for the fifth time as a part of Moscow's City Day celebrations.

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