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Ukrainian national oil and gas company Naftogaz...

Ukrainian national oil and gas company Naftogaz will pay Russian energy giant Gazprom for gas supplies in April with its own funds, Ukrainian ICTV channel said citing Ukrainian Fuel and Energy Minister as saying.


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MOSCOW, October 5 (RIA Novosti) - Alrosa, Russia"s largest diamond miner, said on Monday it sold diamonds worth $1.34 billion in January-September 2009, including sales to Russia"s State Depository for Precious Metals.


Russian commandos from the large anti-submarine...

Russian commandos from the large anti-submarine ship Marshal Shaposhnikov have released a Russian tanker hijacked by Somali pirates in the Gulf of Aden, a high-ranking official from the maritime coalition forces said on Thursday.

Business

By James SHERR, Head, Russia and Eurasia...

Perspective can be the greatest casualty of a grotesque and barbarous terrorist attack, and terrorists invariably hope that will be the case. Contrary to the steely and self-righteous assurances of Russia’s power structures, the country’s strategy in the North Caucasus has been failing, and the point has been made several times by Present Medvedev himself. Russia is not short of experts who, since the mid-90s, have warned that Moscow’s solution to the ‘Chechen cancer’ was more likely to metastasize than cure it. Two Chechen wars (1994-6 and 1999-2004) and the brutalities of ‘normalisation’ under Chechnya’s now virtually autonomous president, Ramzan Kadyrov, have transformed Dagestan, Ingushetia and Kabardino-Balkaria into alienated, radicalised, desolate and increasingly ungovernable places. Moreover, Russia’s power structures hoped that the August 2008 war with Georgia would confirm the homespun axiom that dominance of the now independent

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