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American praise of Russia's investment climate no more than a polite gesture
by Ivan Sas, Novaya Gazeta
issued on 28 June 2002 MCK
Russia is eagerly looking to the United States for investment, but American capital is in no hurry to respond. Even the fact that Russia has acquired the status of a country with a market economy has not changed the situation.
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OPEC promises to leave oil production unchanged
by Maria Ignatova, Izvestiya
issued on 27 June 2002 MCK
Meeting in Vienna Wednesday, OPEC decided against changing the current level of oil production, and elected Venezuela's Alvaro Silva Calderon as its new Secretary General. The U.S., apparently, failed to bring the necessary pressure to bear on the organization. Experts doubt, however, that the cartel will adhere to its own decision. In the meantime, Russia has announced a boost in its export deliveries and an expansion of its export potential.
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On the agenda: developing regional cooperation and implementing joint projects
by ITAR-TASS
issued on 25 June 2002 MCK
At the end of the summit (June 25), at which Deputy Prime Minister Valentina Matviyenko will represent Russia, the participants are expected to sign a declaration dedicated to the tenth anniversary of the Black Sea Economic Cooperation Organization.
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Production builds, too, in core economy sectors
by Michael Stedman
issued on 24 June 2002 MCK
Real incomes up, jobless down, and people spending more in the shops - that's the Russian economy as seen through a raft of new data from the State Statistics Committee. The news is not so good on the nation's balance of payments, where exports fell 7.3 percent and imports climbed 10.5 percent.
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| Photo: (c) ITAR-TASS
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Forum helped to make Russia more attractive for investment: Mironov
by Maria Bylinina, RIA-Novosti
issued on 21 June 2002 MCK
Most rational guidelines for the CIS countries' integration into the international economic community with the help of the WTO and other international organizations - specifically financial ones - have been formulated at the St. Petersburg Economic Forum (PEF), which ended its work on Friday, RIA Novosti reports, citing a statement made by the Chairman of the Federation Council, Sergei Mironov, who had headed the PEF organizing committee.
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FATF will send a mission to Russia in order to eventually strike it off the list
by Nikolai Vardul, Kommersant
issued on 21 June 2002 MCK
The FATF (Financial Action Task Force), an international organization specializing in the fight against money laundering, is to decide Friday whether or not to keep Russia on its blacklist. Russian Deputy Prime Minister Aleksei Kudrin's own forecast on Thursday was this: the current FATF session will not strike Russia off its list.
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Those responsible for capital flight will not be prosecuted
by Strana.ru
issued on 20 June 2002 MCK
Vladimir Putin asked delegates to the Sixth Convention of the Commerce and Industry Chamber on Wednesday to pay closer attention to current processes concerning offshore zones around the world, noting that they were directly related to the fight against international terrorism. "I wish to assure you that the international community's work to curtail the possibility of funds being used in offshore zones will be continued," he warned.
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German Gref proposes a new tariff hike for "natural monopolies"
by Vera Kuznetsova, Vremya Novostei
issued on 20 June 2002 MCK
The Economic Development Ministry has offered the government a plan to raise tariffs on natural monopolies' output. This would inevitably trigger a considerable inflation growth this year -the inflation rate would creep up to 14.9 to 15.2 percent, instead of the currently expected 12 to 14 percent.
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| Photo: (c) ITAR-TASS
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Congress of the Chamber of Commerce and Industry opens in Moscow
by Strana.ru
issued on 19 June 2002 MCK
The Congress of the Chamber of Commerce and Industry opened in Moscow with a speech by President Vladimir Putin, who arrived to attend the opening ceremony. He congratulated those present on the 70th anniversary of the CCI, according to a Strana.Ru correspondent. The head of the Chamber, ex-Prime Minister Yevgeny Primakov, thanked the president for attending the congress and promised that the CCI would take into account the main ideas he expressed in his opening speech.
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Blacklist assessors call for action plan
by Michael Stedman
issued on 19 June 2002 MCK
The fate of Russia on or off the blacklist of states failing to tackle money-laundering will hang in the balance for at least another four months, it emerged in Paris on Wednesday.
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