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This deal, which created Russia's third-largest oil firm, still has the leaders of both countries talking. But their tone has changed. When current U.K. Prime Minister Gordon Brown brought up TNK-BP with Dmitri Medvedev, Putin's successor, on the sidelines of the G-8 summit on July 7, the uneasy discussion was of a breakdown in relations between the British and Russian partners. Meanwhile, Dudley, the company's BP-appointed boss, is battling to keep his job. In Moscow that same day, AAR, the Russian consortium that controls 50% of TNK-BP, called for his dismissal, claiming...

Author: /time Magazine | Title: Another Fine Mess in the Oil Business | 7/9/2008 | See Source »

Russia's newly inaugurated President, Dmitri Medvedev, just completed his first state visit over the weekend. His choice of locale was not a surprise: Beijing. During the visit, there were predictable headlines in the press about Medvedev and President Hu Jintao denouncing U.S. plans for missile shields in both Europe and east Asia. The U.S. says they are to help its allies defend against possible attacks from Iran and North Korea. Moscow and Beijing don't really believe that, but the fact is, that train has left the station. Both countries, on their own, will have to decide...

Author: /time Magazine | Title: What China Wants from the Russians | 5/27/2008 | See Source »

...after wire service stories miss the larger point about the Hu-Medvedev meeting. What was most important is what didn't happen. If the outside world had access to China's intelligence service - the Guojia Anquan Bu or National Security Ministry - this is how an after-the-fact debriefing on the Medvedev visit might have gone from one of Beijing's official Russia specialists (an expert who, for the sake of literary license, was educated in the U.S.) addressing the Central Committee and the State Security Council...

Author: /time Magazine | Title: What China Wants from the Russians | 5/27/2008 | See Source »

...another bad date. The young Russian President - he's only 42, and actually looks much younger in person - sounds a lot like the old one, which shouldn't be surprising, since Mr. Medvedev is a place holder for Mr. Putin, now the Prime Minister...

Author: /time Magazine | Title: What China Wants from the Russians | 5/27/2008 | See Source »

...anyway, that arrangement's OK. Because the fact is, despite all the bluster about missile defense this past weekend, if it comes down to a question of who we trust less - the Americans or the Russians - well, that's no contest. Do svedanya, Mr. Medvedev...

Author: /time Magazine | Title: What China Wants from the Russians | 5/27/2008 | See Source »

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