Word: putin
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...know bin Laden. I don't get money from him, but I wouldn't turn it down." SHAMIL BASAYEV, Chechen rebel leader, responding to Russian President Vladimir Putin's allegations linking Basayev's group to al-Qaeda...
Cooking With Gas Western investors, long irked by the 20% limit on foreign ownership of Gazprom, Russia's natural gas monopoly, were heartened last week when President Vladimir Putin gave Gazprom the go-ahead to acquire Rosneft, the government's last major oil company. The move ups the state's 38% stake in Gazprom to a controlling one in the newly formed Gazpromneft, and paves the way for foreign investors' billions to flow into Russia. But Putin apparently announced his plan before his ministers had agreed on its details: Industry and Energy Minister Viktor Khristenko cooled expectations, saying that liberalization...
...Minister. Putin's move dramatically strengthens the state's hold on the energy sector. Finance Minister Alexei Kudrin said that the assets of embattled oil major Yukos would soon be sold off in a transparent, legal way; Gazpromneft seems likely to take the spoils. Luxury Goody Two-Shoes N o loafing here: Gucci has agreed to become the first luxury fashion house to abide by a stringent voluntary labor code, the company confirmed last week to TIME. The leather and apparel firm, a division of France 's Pinault-Printemps-Redoute, pledged earlier this month that Gucci headquarters outside Florence...
...Despite Putin's pledge not to storm the school, special forces and other crack troops came pouring into the surrounding area. To avoid being overwhelmed by narcotic gas like their comrades had been in the October 2002 Moscow theater siege--in which 41 terrorists and 129 hostages died--the rebels quickly smashed the school's windows. After reviewing the situation, an officer from the secretive Alpha antiterrorist unit told a senior Beslan legal figure that the Moscow theater siege "was a kindergarten compared to this...
...rebels were furious that Putin would not negotiate with them. "No one will have a single mouthful of water until he contacts us," the Chechen leader announced. Finally, he allowed a bucket of water to be brought in. People dunked boys' white shirts and girls' pinafores into the bucket and passed the wet clothes down the rows so each hostage could squeeze and suck a little water out of them. But the children would not stay quiet as ordered. The fighters stood a male hostage against a wall. "If you don't shut up, we'll kill him. After that...