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Lavrov Warns Ban Will Hit U.S. Ties
By Maria Antonova / The Moscow Times Foreign Minister Sergei Lavrov warned the United States on Friday that a decision to extend a trade ban on state arms trader Rosoboronexport threatened to undermine fraught ties between Moscow and Washington.

Crazy News Replaces NTV's Nightly News
By Anna Smolchenko / The Moscow Times Television viewers who tuned in to NTV on a recent Monday were in for a surprise.

Yevloyev's Death Called an Accident
By Natalya Krainova / The Moscow Times A police officer has been charged with accidentally shooting Magomed Yevloyev, owner of the embattled opposition web site Ingushetiya.ru, the Investigative Committee said Friday.

EU Calls Russia's Cease-Fire Claims Overblown
Combined Reports Most Russian claims that Georgia is violating a cease-fire agreement in the breakaway region of South Ossetia appear to be inflated, the head of the EU monitoring mission there said Friday.

U.S. Sees Double Hit For Russia's Economy
By Nikolaus von Twickel / The Moscow Times Russia will take a double hit from the global financial crisis because it is not isolated from the world and lacks domestic economic stability, a senior U.S. diplomat said.

News in Brief
Unknown Mi-8 Crashes, 4 DeadPop Singer Dead at 66War Trophy Art at Sotheby'sPoland Seeks Trophy ArtAliyev Sworn In

'Great Ride' on Soyuz For U.S. Space Tourist
By Steve Gutterman / The Associated Press Soon after he touched down, U.S. space tourist Richard Garriott got a pat on the head and an admiring question from his astronaut father.

Convicted Killer Tries To Seize Jet
Combined Reports A passenger on a Sky Express flight from Sochi to Moscow threatened to blow up the plane if it didn’t reroute to Austria on Friday, but he was overpowered and the plane landed safely.

Up to 15 Kidnapped In Raid on Ingushetia
Reuters Armed men drove into Ingushetia and abducted up to 15 people, including policemen from a checkpoint and a slot machine hall, police and witnesses said.

Business

Deripaska's Miner Will Postpone IPO
By Jeffrey Hodgson, Robin Paxton / Reuters The global financial crisis dealt Oleg Deripaska another blow Friday, when his mining company, Strikeforce Mining and Resources, postponed a Hong Kong share float because of the market downturn.

Mechel To Request Share Issue
Reuters Mechel, the country’s largest coking coal miner, said Friday that it would ask shareholders next week to approve a plan to revive a preferred share issue and that it would more than double the amount of shares on offer.

VimpelCom Confident in Cash Flow
Bloomberg VimpelCom sees no signs of falling demand yet, although the market situation is ""scary,"" chief executive Alexander Izosimov said Friday.

Crisis Forces Carmakers To Scale Back Forecasts
By Anton Doroshev / Reuters The country's car market, which was fast becoming the largest in Europe, has not stagnated yet, but the main drivers of its success have been buried under the weight of the global financial crisis.

Firms Wary of Accepting Credit Cards
By Tai Adelaja / Staff Writer As the global financial crisis spreads, local businesses are becoming less willing to accept credit and debit cards.

IBM, MGU Team Up on Nanotech
By Tai Adelaja / Staff Writer IBM and Moscow State University agreed on Friday to conduct joint research into nanotechnology using a sophisticated supercomputer the university purchased in January.

CDS Market on State Debt Is 'Dead'
Bloomberg The market for credit-default swaps on Russian government debt is ""dead"" after investors pushed up the cost of protection to distressed levels, Pavel Pikulev, a fixed-income analyst at Trust Investment Bank, said Friday.

Official Sees No Ruble Devaluation
Reuters The Central Bank has the means to control sharp fluctuations in its currency but does not yet see the need to limit capital movements or change the ruble’s trading corridor, two top officials said Saturday.

Shuvalov Announces Crisis Program
The Moscow Times The government is drafting a program for sustaining the economy amid the global financial crisis, First Deputy Prime Minister Igor Shuvalov said Sunday.

Medvedev Will Visit G20 Summit
Bloomberg President Dmitry Medvedev will take part in a Nov. 15 summit in the United States on the global financial crisis, spokeswoman Natalya Timakova said Friday.

Lukashenko Talks May Concern Loan
Reuters Belarussian President Alexander Lukashenko, seeking extra funds to help his country ride out the global financial crisis, held talks with Russia on Saturday.

Rosneft, China Plan to Sign Oil Deal
Reuters Russian and Chinese state-run oil firms Rosneft and CNPC plan to sign a 15-year oil supply deal within days, ending months of dispute over pricing, industry sources said Friday.

Ministry Says Imperial Is Nonstrategic
Reuters The Natural Resources and Environment Ministry said Friday that Imperial Energy would be deemed nonstrategic, removing the first of two hurdles for Indian state-run energy major ONGC to buy the company.

Business in Brief
Unknown EBRD Eyes ConsolidationVTB's Outlook CutS&P Docks GazpromMoody's Cuts NLMKArtemyev on Oil, BreadFor the Record

Opinion

Matthew Collin: Covering South Ossetia Is Practically Impossible
The Russian soldiers at the checkpoint on the road to the disputed South Ossetian town of Akhalgori were casually waving through cars and buses full of locals. Journalists, however, weren't being allowed to pass.

Mark H. Teeter: The Russian Obama Effect
It's all over but the shouting. Senator Barack Obama will carry Russia by a wide margin next week.

Richard Lourie: Financial Crime and Punishment
It is now in Russia's interest to release former Yukos CEO Mikhail Khodorkovsky from prison.

Arts & Ideas

Hungarian's Innovative Action Shots at Manezh
By Jessica Lee / Special to The Moscow Times Head to the Manezh this month and month to feast your eyes on photos by Martin Munkacsi, a man who inspired photographers such as Richard Avedon and revolutionized fashion photography.

Community Bulletin Board

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Market Matters

Market Plummets Despite Oil Cuts
By Ira Iosebashvili / The Moscow Times The country’s stock markets were mauled on Friday, erasing modest gains earlier in the week, after Standard & Poor’s cut Russia’s outlook and the price of Urals crude slid below $60 per barrel.

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