Russia says no to Kalashnikovs
Wednesday, 28 September 2011 15:12
This year has seen the end of the longstanding tradition. Russia's Defense Ministry has decided to completely refuse from purchasing the legendary AK-74 rifles. The country has too many Kalashnikovs and they are outdated. Well, we only can say that bow and arrows used to be considered the world's best weapons that man has ever created...
 
Strengthening rouble pushes Novorossiysk Commercial Sea Port 1H 2011 net profit
Wednesday, 28 September 2011 15:09
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Novorossiysk Commercial Sea Port posts 1H 2011 net profit of $308 million

Russia’s largest port services and stevedoring company, Novorossiysk Commercial Sea Port (NCSP) has posted a 1H 2011 net profit of $308 million under IFRS.

The net result is up 140.8 % year on year, despite 1H adjusted EBITDA easing 1% to $243.1 million, on the back of a 41.9%

y...

 
Stand-in Finance Minister steps into uncertain times
Wednesday, 28 September 2011 12:29
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Anton Siluanov (RIA Novosti / ALeksey Druzhinin)

Stepping into the shoes of a freshly booted icon is never easy. But it will be tough for new acting Finance Minister Anton Siluanov, replacing the respected Alexei Kudrin as the global economic outlook deteriorates, with an electoral cycle to be managed

The 48 year old Siluanov has been a Finance...

 
Acron links up with Rio Tinto on potash
Wednesday, 28 September 2011 11:39
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Acron and Rio Tinto have agreed to create a JV in a potash market

Russian mineral fertilizer producer, Acron, will team up with a leading international mining group Rio Tinto to explore and develop some of the potash licenses the Russian company has in Canada.

North Atlantic Potash, the Canadian subsidiary of Acron, will create a joint venture with...

 
Russian markets against a volatile backdrop
Wednesday, 28 September 2011 10:04

With Russian stocks bearing the brunt of global volatility in recent weeks on the back of Eurozone debt concerns, and with the departure of former Finance Minister Alexei Kudrin, Business RT spoke with Plamen Monovski from Renaissance Asset Management.

...
 
'Car bombs and suicide bombers were unknown in Soviet-era Kabul'
Tuesday, 27 September 2011 21:00

In this extract from his new book, Ghosts of Afghanistan, Jonathan Steele recalls his first visit to Kabul, which in 1981, was firmly under Soviet control

'Explosion? What explosion?" Afghanistan's foreign minister Shah Mohammed Dost inquired with an elegant raising of his eyebrows when I interrupted our interview to ask whether the sudden noise I...

 
10 myths about Afghanistan
Tuesday, 27 September 2011 20:59

In 1988, the Soviet army left Afghanistan after a concerted campaign by the western-backed mujahideen. But since then, many enduring myths have grown up about the war-torn country. In his new book, Jonathan Steele sorts the fact from the fiction

1. Afghans have always beaten foreign armies, from Alexander the Great to modern times

Afghan...

 
Dragan Klaic obituary
Tuesday, 27 September 2011 19:22

Theatre scholar and cultural commentator

The suspicion of intellectuals in the British performing arts runs deep, so it is hard to appreciate exactly the status and reputation throughout the rest of Europe of the theatre scholar and cultural commentator Dragan Klaic, who has died aged 61 after a long illness. He enlivened any meeting or symposium...

 
Privatizing in a perilous world
Tuesday, 27 September 2011 17:45

With the Russian government looking to sell down its stake with a multi-year privatization programme, Business RT spoke with Oleg Mazurov, CEO Allianz ROSNO Asset Management about implications it carries for investors, the state, and the companies.

RT:  How much interest is Russia’s privatization programme going to attract from international in...

 
Russia, Uruguay abolish visas
Tuesday, 27 September 2011 12:31

In New York, the Russian Foreign Minister Sergei Lavrov and his Uruguayan counterpart Luis Almagro have signed an agreement on abolishing visas between Russia and Uruguay, according to the Russian Foreign Ministry website. This expands the visa-free area for Russian tourists in Latin America. Venezuela and Argentina cancelled visas for Russians in...

 
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