May 23, 2001 |
President Vladimir V. Putin has said that he wants to reform Russia's two biggest monopolies, the gas producer Gazprom and the electric power giant UES, both infamous for inefficiency and for allegedly enriching top management at the expense of shareholders and the public. But critics say recent signals by Putin's government indicate the opposite.
February 6, 2001 |
A weeks-long energy crisis that has left tens of thousands of Russians freezing in their homes claimed the first political scalps of President Vladimir V. Putin's year-old administration. Energy Minister Alexander Gavrin resigned after Putin signed an unusually blunt decree accusing him of a "chronic inability to solve the sector's problems."
January 29, 1998 |
And you thought electricity deregulation in California was a rough game. The brash young reformer running Russia's powerful electricity monopoly was the target of an attempt by Soviet-era holdovers to oust him on Wednesday. He survived--but it was a boardroom clash for control some regard as a sign of this country's increasing economic stability and by others as evidence of its shakiness.
April 14, 1994 |
ISSUE: Russia, the world's largest energy exporter, is turning up the heat on countries that won't pay their power bills. Russia's cash-strapped neighbors in the Baltics and the Commonwealth of Independent States (CIS) are the worst offenders: Ukraine owes Russia nearly $3.5 billion for energy, including $900 million for natural gas; Belarus owes $240 million and tiny Latvia owes $23 million for Russian natural gas.
February 5, 1993 |
When it got too hot in Galina Borovitskaya's apartment the other day, she opened the door to the balcony to let in the frigid winter air--then forgot about it and went out shopping. When she got back, the 40-year-old housewife berated herself for the absent-mindedness that had killed some of her windowsill plants. But at least she had no need to worry about the effect on her heating bill. She pays 10 cents a month. And even if she took a monthlong hot shower, she would still only pay 10 cents.
February 2, 1993 |
Russia more than doubled gas prices for industrial and household users Monday, raising the cost of living another notch for millions struggling to make ends meet. Gas producers say the higher prices are still only a tiny fraction of the average export price and are essential if they are to cover the increased costs of maintaining production and investing in development.