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...dark days of the cold war, Soviet propaganda was predictably noisy and lurid. During Dictator Joseph Stalin's "Hate America" campaign of the early 1950s, for instance, Kremlin artists depicted U.S. soldiers as hideous, spider-like creatures, armed with spray guns and injection needles, demonically waging germ warfare. But the ad that filled three-quarters of a page in the New York Times last week was far more sophisticated. WHAT HOLDS BACK PROGRESS AT THE GENEVA TALKS? queried the headline. In four columns of dull gray type, paid for by the Soviet embassy in Washington, an editorial reprinted from Pravda...

Author: /time Magazine | Title: Pitchmen of the Kremlin | 6/21/2005 | See Source »

...minds, particularly those in Europe caught uneasily between the two superpowers. Once invisible Soviet officials now stage on-the-record press briefings for Western reporters. The courtly spokesman for the Soviet Foreign Ministry, Vladimir Lomeiko, laces his commentary with quotes from George Bernard Shaw and deftly cuts off other Kremlin officials when they begin to bluster...

Author: /time Magazine | Title: Pitchmen of the Kremlin | 6/21/2005 | See Source »

Soviet ministries have taken to issuing glossy pamphlets to advance the Kremlin line. One of them, Star Wars: Delusions and Dangers, appeared last week in Washington and other Western capitals. The 56-page booklet charged the U.S. with trying to "blackmail" and "fleece" its NATO allies with a costly weapons system that would only enhance the risks of nuclear war. More than 70,000 copies have been printed in English, Spanish, German, Italian, French and Japanese...

Author: /time Magazine | Title: Pitchmen of the Kremlin | 6/21/2005 | See Source »

Aside from the official photographers from the White House and Kremlin, the only person permitted to record these scenes behind the scenes was TIME's David Hume Kennerly. On the following pages, TIME presents a portfolio of his exclusive pictures. --By Lance Morrow

Author: /time Magazine | Title: Behind Closed Doors | 6/21/2005 | See Source »

Where are the greatest dangers? Christopher Weafer, chief strategist at Alfa Bank in Moscow, expresses caution about the energy sector and other areas that could be construed by the Kremlin as being of strategic value. A lack of legal enforcement of ownership rights makes investments in those areas particularly vulnerable. "Putin will have to follow through on his promise to end some of the unsettling actions that are driving capital flight and blocking investment," says Weafer. According to Russia's Central Bank, capital flight quadrupled last year, to $9.4 billion. But for now, Western companies seem eager to keep...

Author: /time Magazine | Title: Emerging Markets: A New Frontier | 6/20/2005 | See Source »

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