Word: putin
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...nationalized, with the government holding a controlling stake and the rest spread out among compliant domestic and foreign investors. Yukos' inexorable demise has made the markets nervous, and capital flight has jumped sharply. Destroying Yukos, warns Christof Ruehl, the World Bank's chief economist in Russia, will "undermine Putin's biggest economic accomplishment, the creation of two to three years of stability." Until very recently, such pessimism was a minority view. The government hard-line was seen by business executives and analysts as a political power struggle, not a reassertion of the Kremlin's invisible hand in guiding the economy...
...gunmen - apparently rebels from neighboring Chechnya - "appeared from nowhere," Aliyev recalls, and they left the same way, leaving the Ministry buildings and military sites in four towns in ruins, and almost 100 police, soldiers and civilians dead, among them the republic's Interior Ministry leadership. Russian President Vladimir Putin has claimed for years that the war in Chechnya was over; last week, a new front opened up in Ingushetia. Until 2002 Ingushetia's President, Afghanistan war vet Ruslan Aushev, kept his republic out of the Chechen crossfire. He was sympathetic to the Chechens, even offering guerrillas medical treatment. He refused...
Once in office, the coping reflexes that brought Bush there have only grown stronger. He could trust Vladimir Putin because he looked into his soul, not consult his Secretary of State about going to war and not need to look for strength from his father, the former President, because he was consulting "a higher father," as he famously told Bob Woodward in Plan of Attack. It is at this point that his faith becomes more than a matter of conscience for some critics, who wonder whether his particular set of spiritual instincts both lift him up and close...
...President's lips. Last Thursday, shares of the oil giant Yukos were at a 30-month low and were dragging the rest of the Russian stock market down with them. The market feared that the Yukos affair was heading for the worst possible end - bankruptcy. But Thursday afternoon, Vladimir Putin told journalists he had no interest in seeing Yukos go bankrupt, and in less than two hours Yukos shares jumped by 35% and the market finished 10% up in record trading. Yukos' share price rose again Friday by almost 4%. Putin was careful to stress that he was expressing...
Getting The Message If the Russian media still needed a signal on how it would fare during President Vladimir Putin's second term, it came in loud and clear last Tuesday. Close to midnight, Russia's NTV television station abruptly fired star newsman Leonid Parfyonov and canceled his flagship Sunday night show, Namedni (The Other Day), which had run for 11 years. Two days earlier, the program had carried an exclusive interview with the widow of Chechen separatist Zelimkhan Yandarbiyev, killed in Qatar last February, allegedly by two Russian agents now on trial in Doha . NTV ordered Parfyonov...