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...foreign companies now forging ahead, nearly all have joined forces with solid local firms with existing factories or other hard assets. And nearly all have chosen corners of Russia where the investment climate seems better protected from the political storms that buffet the country at large. Leningrad Oblast, the province surrounding St. Petersburg, is a favorite. In the town of Tosno, 30 miles south of Russia's second city, Caterpillar has just completed its biggest investment in 25 years in Russia--a $50 million factory to make component parts for its European assembly plants and also put together tractors...

Author: /time Magazine | Title: In From The Cold | 3/13/2000 | See Source »

These things we do know about Putin: He's 47, married, joined the KGB?s foreign intelligence directorate after graduating college in 1975, and - officially, at least - spent most of his KGB career stationed in East Germany monitoring political attitudes there. He returned to Leningrad in 1989, where he took up a position at the State University and developed a close relationship with key reformist figure Anatoly Shobchak, who in 1991 became the city?s mayor and appointed Putin to various key administrative posts. Having proved himself a capable manager in St. Petersburg (Leningrad?s original name, restored after...

Author: /time Magazine | Title: Grozny, Baby! It's Vladimir Putin, International Man of Mystery | 1/3/2000 | See Source »

Vladimir Vladimirovich Putin was born in Leningrad (now St. Petersburg) in 1952. Little is known about his childhood and family life, though he is married and has two teenage daughters. Putin graduated from Leningrad State University with a law degree in 1975. On graduation he was quickly recruited into the KGB, which he served first in Moscow and then in East Germany. The acting President's spy life remains as much a mystery as the rest of his biography. Friends insist he was involved in "economic intelligence," designed to help the Soviet Union's badly antiquated industrial sector. After Yeltsin...

Author: /time Magazine | Title: No Tears For Boris | 1/1/2000 | See Source »

...Putin was sent back to Leningrad, still in the employ of the KGB, to monitor that city's blossoming perestroika movement. Among his contacts was one of the city's most progressive politicians, and a former law professor of his, Anatoly Sobchak. When Sobchak became mayor, Putin joined him and eventually handled foreign investment, among other responsibilities. Though he hunkered out of public sight--he was known as "a gray cardinal"--Putin began to accumulate power and a quiet reputation among reformers. In 1996, Sobchak lost a re-election campaign, and Putin headed to Moscow, where he quickly rose...

Author: /time Magazine | Title: No Tears For Boris | 1/1/2000 | See Source »

...years in the KGB, Putin merited little notice among his colleagues. "He did what he was told," says a former high-ranking intelligence officer. Remarkably, in 1975, after getting his law degree in Leningrad, Putin entered the KGB and was sent abroad on his first posting. "It couldn't have been pure luck," says retired KGB Lieut. Colonel Konstantin Preobrazhensky. "He must have had family connections." As the U.S.S.R. unwound, Putin returned to Leningrad and rose through the city system to national power...

Author: /time Magazine | Title: Russia's Puppet Master | 8/23/1999 | See Source »

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