Word: russianizing
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...ARRESTED. KIM JONG HON, 43, South Korean businessman; following the seizure of freight containers holding 13 highly radioactive devices; on Sakhalin Island, Russia. Kim, president of South Korea's All Nations Co., was detained by Russian police for allegedly attempting to import undeclared items. The devices, according to Russian authorities, contained uranium 238, a metal used in the process of armor plating and the production of ammunition, although some experts say it could possibly be used to make dirty bombs. South Korean officials say the devices were to be used at a construction site...
...Konstantin Bondarenko, director of Kiev's Institute of National Strategy and one of Ukraine's most prominent political analysts, already expresses doubts about Yushchenko's team, which he says is squabbling openly. One important crony, Yuliya Tymoshenko, made her millions in energy and has been accused by both the Russian and Ukrainian authorities of bribery and embezzlement. (Tymoshenko says the allegations are political smears.) She is sniping at Petro Poroshenko, who made his millions in the candy business. Both want to be Prime Minister. "Some top lieutenants are saying that Yushchenko's health will not hold out for more than...
...question is whether he will have the means to push through the socially painful reforms that are necessary now." This pro-Western stance does not sit well with Putin, and Yushchenko hasn't done much so far to improve relations with Moscow. In an interview with the Russian daily Izvestiya, Yushchenko last week said that the order to assassinate him came from "those in power." The interview was meant to mollify Russia: Yushchenko stressed that his first foreign visit would be to Moscow. But few could fail to spot the implicit link between those in power in Kiev...
Watch the Hands Will oil unite Russia and China in a way that communism never did? Yukos watchers assumed that the Russian oil titan, neutered by massive tax bills and the jailing of its CEO, would end up in the hands of the Russian government. But last week Russia's Energy Minister, Viktor Khristenko, announced that a 20% stake in the new business may be sold to China's state-oil company CNPC...
...late December, the Russian government shut out rival bidders for Yukos' core oil division, the million-barrel-a-day Yuganskneftegaz. Then state oil firm Rosneft snapped it up, using a shell company, for a bargain $9.4 billion. That drew catcalls even from Vladimir Putin's own economic adviser, Andrei Illarionov. Managers from Rosneft turned up on New Year's Eve at Yuganskneftegaz's Siberian HQ to claim the keys. Meanwhile, in Houston, Deutsche Bank is challenging the temporary bankruptcy protection won earlier by Yukos lawyers hoping to stave off the sale. The bank argues that Texas law has no place...