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...that link Ajaria with Georgia. When the bridges came down, the prices of goods in Batumi skyrocketed and Ajarians saw their livelihoods threatened. Government officials began resigning en masse, the police and army went over to Saakashvili's side, and Abashidze lost what little popular support he had. The Kremlin made no move to prop him up because Saakashvili had won the respect of Russian President Vladimir Putin by successfully balancing Russian and U.S. interests in the region. Arriving in Batumi to a hero's welcome early Thursday morning, Saakashvili thanked the Ajarians for their "unprecedented heroism and dignity...

Author: /time Magazine | Title: In the Name of the Rose | 5/9/2004 | See Source »

...Best Man For the Job? If ever a company needed saving, it is Yukos. The troubled Russian oil titan, hit by the jailing last year of top shareholders Mikhail Khodorkovsky and Platon Lebedev, learned last week that the Kremlin allegedly favors the idea of France's Total taking 25% of Sibneft - the oil company in which Yukos says it has a 92% holding. (Total denied it was interested.) A group of foreign banks warned Yukos that with Russia having frozen its assets over a $3.5 billion tax claim, the company was in danger of defaulting on a $1 billion loan...

Author: /time Magazine | Title: Bizwatch | 5/3/2004 | See Source »

...politics, he speaks of democracy but opts for authoritarianism. The result is in all but name a one-party system in which suspicion of the West and the private sector is rising. Yet little of that is reflected in the Russian media, whose key outlets transmit only the Kremlin's rosy version of reality...

Author: /time Magazine | Title: Vladimir Putin: Not a Man to Be Trifled With | 4/26/2004 | See Source »

...evidenced by his pre-election appointment of a number of pro-Western reformers to help manage the country’s economy. Putin’s political clout, meanwhile, has allowed him to brush aside many of the once-influential military and intelligence officials who often act more like Kremlin henchmen than civil servants. The super-wealthy “oligarchs” who ruled Russia during the Yeltsin years have also been neutralized. All of these reforms will attract more foreign investment, which is desperately needed in a country historically short of capital. And as long as Putin proceeds...

Author: By The Crimson Staff, | Title: Victory for the Kremlin, Again | 3/23/2004 | See Source »

...guerrilla movement has brought the war to the heart of Russia. In the past nine months, more than 200 people have died in terrorist attacks, including the bombing of commuter trains in southern Russia and blasts at a rock concert and outside a luxury hotel opposite the Kremlin. Many of the attacks are the work of suicide bombers, often women...

Author: /time Magazine | Title: Terror on the Subway | 2/16/2004 | See Source »

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