Word: kremlins
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Known as the Electrical Illumination Co. when it was established in 1887, Mosenergo is ensconced on the banks of the Moscow River across from Red Square and the Kremlin. It has already made history as the first Russian-registered company to sell securities in the U.S. in the post-communist era. In 1995 Mosenergo issued $22.5 million worth of American Depositary Receipts, or ADRs, in a private placement on Wall Street handled by Salomon Brothers. Two years before the U.S. offering, and after 70 years of exclusive state control, Mosenergo officially gained the status of a public company in Russia...
MOSCOW: Desperate to show that Russia stands behind the wobbly Mir, the Kremlin has at last hit on a sure-fire PR coup: They're blasting Boris Yeltsin's trusty military advisor into space. Yuri Baturin, secretary of the Defense Council and high-profile cheerleader for the country's troubled space program, will make the trip to Mir some time next year for a stay of unspecified duration. And, by all accounts, he's raring to go. The physically fit, 48-year-old Baturin has already performed a few "aerobatic maneuvers" on a supersonic SU-30 fighter and has undergone...
...American pullout would be a major setback for the Russian space agency, which earns nearly $100 million a year selling rides aboard Mir to the U.S., as well as a blow to the Kremlin's prestige. So far, though, NASA has no such plan. And for the moment, the Russians have more immediate concerns. Last month's crash poked a hole in the station's Spektr module, forcing the crew to disconnect power cables so they could isolate the now airless Spektr from the rest...
MOSCOW: The recent "Buy Russian" campaign for Kremlin bureaucrats was extended to religion today when the Russian Duma voted to bar any religions from operating in the country unless they have been established there for more than 15 years. Denounced by human rights activists as trampling on Russian constitutional guarantees of freedom of religion, the bill is a boon for other traditional faiths such as Islam and Buddhism. But it's theRussian Orthodox Church that was the driving force behind the move. The church has increasingly seen its hold over Russian souls wrested away by foreign upstarts from Hare Krishnas...
...down. Acknowledging that he has been somewhat "removed" from running the country recently (a state of affairs popularly linked to everything from alcoholism to senility), Yeltsin told the defense chiefs that he is now back in charge, a thinly veiled threat in a country where one word from the Kremlin can make or break lives. Health questions aside, Yeltsin may find words easier than deeds, reports TIME's Moscow bureau chief Paul Quinn-Judge: "It's questionable how much he can look like a reformer sweeping the place clean when he's the one who presided over the mess...