Other Sources, Russia and former Soviet Union

Much effort needed to defeat corruption in Russia The corruption rate in Russia remains high, Prosecutor General Yuri Chaika said at the anti-corruption roundtable held on Thursday jointly with the State Duma.
Today at 11:13 | Interfax-Ukraine
Russian rights chief urges Putin to veto protest law MOSCOW - The Kremlin's human rights adviser said on May 23 he will urge Russian President Vladimir Putin to veto a bill to increase fines for protesters deemed to have broken the law, unless it is rewritten.
Today at 07:52 | Reuters
Russia tests new missile, in warning over U.S. shield MOSCOW- Russia tested a new long-range missile on May 23 that should improve its ability to penetrate missile defence systems, the military said, in Moscow's latest warning to Washington over deployment of a missile shield in Europe.
Today at 07:45 | Reuters
Russia's Vladivostok casino zone to woo Asian money MACAU - Russia is betting on a gambling and entertainment zone near its eastern port city of Vladivostok to lure investors who have spent big bucks on casinos that cater to Asian gamblers in the likes of Macau and Singapore, in particular cashed-up Chinese.

Vladivostok, just 2-1/2 hours by plane from Beijing and known more for its oil and gas pipelines, will face competition from Asian countries such as Vietnam and the Philippines, which are setting up similar tourism and entertainment zones.

Russia's state-owned Nash Dom Primorye said at the Global Gaming Expo in Macau on May 23 it is seeking private investors and/or companies to build casino resorts in a six sq km (2.3 sq mile) area in Vladivostok.

One of four official Russian government zones where casino gambling is legal, Vladivostok is the only one that has formally initiated plans to lure foreign investors.

"We have no north Asia port for gambling. For a long time the debate has been, will it be Korea or Japan and all of a sudden Russia is in play. It's an interesting opportunity," said Bo Bernhard, executive director of the International Gaming Institute at the University of Nevada.

He said the key for investors was how many competitors the Russian government would allow.

"This isn't a furniture store. Gaming is a rare product and needs explicit government approval to operate," he added.

Known as the Integrated Entertainment Zone, the project has space for roughly five large resorts.

A report from Gaming Market Advisors, which conducts casino market research, estimates the zone could rake in revenues of $2 to $7 billion annually when completed.

By comparison, Singapore's casino area which is similar in size, took in more than $5 billion in 2011.

Nash Dom Primorye has appointed Las Vegas-based Galaviz & Co as lead strategic adviser for the tender.

The tender will be initiated in June, giving potential international operators 60 days to send in a pitch and budget estimates. The government will then enter into discussions with potential investors by the end of October.

VISA ISSUES

Marina Lomakina, general director of Nash Dom, told Reuters she hoped the zone would be fully completed within five years.

"We want companies who are well known and will help create amenities that are more than just casino gaming," she said, adding that the zone would require a total minimum investment of $2 billion from private investors looking to develop properties.

The plan includes luxury hotels, a yacht club, shopping malls as well as outdoor sports such as golf. The zone is 2.6 sq km, but can be extended to 6 sq km.

"They are pretty smart. It might work. The big issue is how the visas will work," said Nelson Rose, a law professor based in California, referring to restrictions China placed on travel to Macau as huge amounts of money flooded into casinos there.

Lomakina said Russia had an agreement with China whereby Chinese citizens in a group between five and 100 people could enter the country without a visa and stay for two weeks.

The project, which will focus on attracting Asian money, comes when China's economy is slowing and Macau's once turbo-charged monthly growth rate is falling to near single digits.

VLADIVOSTOK FACE-LIFT

Russians would also contribute to the total revenue spent in the Vladivostok zone, Lomakina said. Unlike Asian countries such as Vietnam where it is illegal for citizens to gamble, Russians are allowed to gamble in designated local zones.

"We hope most of the customers will be from China, as well as Korea, Japan and the United States. We have very strong ties with these countries and expect to have their interest."

Vladivostok, which has been undergoing a facelift ahead of hosting the APEC summit in September, is two hours by plane from Seoul and Tokyo.
Today at 07:14 | Reuters
Medvedev chats with US cowboys working in Russia MOSCOW — Russia's prime minister has visited a cattle farm where some American cowboys are working to help Russians develop their struggling meat industry.
Yesterday at 20:18
Two Russian servicemen badly hurt in An-30 crash in Czech Republic Moscow - The An-30 plane, which crashed in the Czech Republic, was carrying 23 servicemen, including 14 Russian servicemen, of which two sustained severe burns, the Investigations Committee has reported.
Yesterday at 18:20 | Interfax-Ukraine
Putin supports controversial anti-protest bill MOSCOW — Russia's President Vladimir Putin says he supports a controversial bill that would introduce a 200-fold increase in fines for those taking part in unsanctioned protests.
Yesterday at 15:47 | Associated Press
Russian military jet crashes in Czech Republic MOSCOW — A Russian military jet has malfunctioned while landing in the Czech Republic, injuring nearly two dozen people as it rolled off the runway.
Yesterday at 15:43 | Associated Press
Kazakhstan to triple gas production by 2030 Kazakhstan is planning to boost gas production to 109-110 billion cubic meters (bcm) a year by 2030, Deputy Oil and Gas Minister Bolat Akchulakov said.
Yesterday at 13:31 | Interfax-Ukraine
Belarus lifts restrictions on imports of Ukrainian beer Belarus has cancelled its requirements for the licensing of imports of Ukrainian beer.
Yesterday at 11:35 | Interfax-Ukraine
Russia test-fires new strategic missile from Plesetsk space center (updated) Russia has test-fired a new intercontinental ballistic missile developed for the Strategic Rocket Forces (RVSN) from the Plesetsk space center in the Arkhangelsk region, a missile industry source told Interfax-Ukraine.
Yesterday at 10:49 | Interfax-Ukraine
Turkmen deal boosts Afghan pipeline project ASHGABAT — Turkmenistan has signed a natural gas deal with Pakistan and India in a significant boost to the proposed construction of a 1,800-kilometer (1,100-mile) pipeline across Afghanistan.
Yesterday at 10:31 | Associated Press
Azerbaijan basks in glitz, fears exposure BAKU — On a recent evening on Baku's seaside promenade, throbbing Euro-dance music blared out from an open-air concert as families strolled by. Cafes serving fragrant skewered meat served throngs of locals and foreigners.
Yesterday at 09:47 | Associated Press
Baku, Doha face scrutiny in 2020 bid choice QUEBEC CITY — The field of candidates for the 2020 Summer Olympics could be reduced from five to three, with Doha and Baku in danger of missing the cut.
Yesterday at 08:02 | Associated Press
Russian energy czar Sechin takes helm at Rosneft MOSCOW — Russia's energy czar Igor Sechin on May 22 was named to lead the country's largest oil company, state-controlled Rosneft.
2 days ago at 19:36 | Associated Press