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Showing posts with label Economy of Russia. Show all posts
Showing posts with label Economy of Russia. Show all posts

Monday, December 27, 2010

Mikhail Khodorkovsky


Mikhail Khodorkovsky

Mikhail Khodorkovsky in 2001

Deputy Minister of Fuel and Energy of Russia
In office
1993 – 1993

Born26 June 1963 (age 47)
Moscow, Soviet Union
ReligionJudaism


Khodorkovsky with then President of Russia Vladimir Putin on 20 December 2002
,Mikhail Borisovich Khodorkovsky (Russian: Михаи́л Бори́сович Ходорко́вский, born 26 June 1963 in Moscow) is a Russian oligarch and businessman. In 2004, Khodorkovsky was the wealthiest man in Russia, and was the 16th wealthiest man in the world, although much of his wealth evaporated because of the collapse in the value of his holding in the Russian petroleum company Yukos.
On 25 October 2003, Khodorkovsky was arrested at Novosibirsk airport by the Russian prosecutor general's office on charges of fraud. Shortly thereafter, on 31 October, the government under Vladimir Putin froze shares of Yukos because of tax charges. The Russian Government took further actions against Yukos, leading to a collapse in the share price. It purported to sell a major asset of Yukos in December 2004.
On 31 May 2005, Khodorkovsky was found guilty of fraud and sentenced to nine years in prison. The sentence was later reduced to 8 years. In 2003, prior to his arrest, Khodorkovsky funded several Russian parties, including Yabloko, the Communist Party of the Russian Federation, and even, allegedly, the pro-Kremlin United Russia.
In October 2005 he was moved into prison camp number 13 in the city of Krasnokamensk, Zabaykalsky Krai.
In March 2006, Forbes magazine surmised that Khodorkovsky's personal fortune had declined to a fraction of its former level, stating that he "still has somewhere below $500 m."
On 31 March 2009, a new trial of Khodorkovsky and Lebedev began in Moscow for fresh charges on embezzlement and money laundering, and continues to the present day. The two men face up to 22 more years in prison.

Early years and entrepreneurship in Soviet Union

Khodorkovsky grew up in an ordinary Soviet family in a two-room apartment in Moscow. He has a Jewish father and a non-Jewish mother. The young Khodorkovsky was ambitious. He received excellent grades. He then attempted and succeeded in building a career as a communist functionary. He became deputy head of Komsomol (the Communist Youth League) at his university, the Mendeleev Moscow Institute of Chemistry and Technology, where he graduated in chemical engineering in 1986. The Komsomol career was one of the ways to get into the ranks of communist apparatchiks and to achieve the highest possible living standards.
After perestroika started, Khodorkovsky used his connections within the communist structures to gain a foothold in the developing free market. He used the help of some powerful people to start his business activities under the cover of Komsomol. Friendship with another Komsomol leader, Alexey Golubovich, helped him greatly in his further success, since Golubovich's parents held top positions in the State Bank of the USSR.
With partners from Komsomol, and technically operating under its authority, Khodorkovsky opened his first business in 1986, a private café; an enterprise made possible by Soviet leader Mikhail Gorbachev's programme of perestroika and glasnost. In 1987 they opened a "Center for Scientific and Technical Creativity of the Youth" (which eventually allowed him to found the bank Menatep). In addition to importing and reselling computers, the "scientific" center was involved in trading a wide range of other products; French brandy, Swiss vodka. It is alleged that these goods were mostly counterfeit: "Swiss" vodka was produced in Poland, and the brandy was not French.
By 1988, he had built an import-export business with a turnover of 80 million rubles a year (about $10 million USD).
Armed with cash from his business operations, Khodorkovsky and his partners used their international connections to obtain a banking licence to create Bank Menatep in 1989. As one of Russia's first privately owned banks, Menatep expanded quickly, by using most of the deposits raised to finance Khodorkovsky's successful import-export operations.
Bank Menatep was also successful in forcing the government to award them the right to manage funds allocated for the victims of the Chernobyl nuclear accident. Because of its "exempt status", the bank allegedly might have been an extremely convenient vehicle for the evasion of tax and import duties. By 1990, critics suggest the bank was active in facilitating the large-scale theft of Soviet Treasury funds that went on at the time prior to and following the collapse of the USSR in 1991.[citation needed]
In a prophetic statement of the time, Khodorkovsky is quoted as saying:[6]
Many years later I talked with people and asked them, why didn't you start doing the same thing? Why didn't you go into it? Because any head of an institute had more possibilities than I had, by an order of magnitude. They explained that they had all gone through the period when the same system was allowed. And then, at best, people were unable to succeed in their career and, at worst, found themselves in jail. They were all sure that would be the case this time, and that is why they did not go into it. And I" —Khodorkovsky lets out a big, broad laugh at the memory— "I did not remember this! I was too young! And I went for it.
Khodorkovsky's connections with Komsomol and CPSU structures would prove critical in his success.
[edit]Political ambitions

Khodorkovsky also became a philanthropist, whose efforts include the provision of internet-training centres for teachers, a forum for the discussion by journalists of reform and democracy, and the establishment of foundations which finance archaeological digs, cultural exchanges, summer camps for children and a boarding school for orphans.[8][9] Khodorkovsky's critics saw this as political posturing, in light of his funding of several political parties ahead of the elections for the State Duma to be held in late 2003.
He is openly critical of what he refers to as 'managed democracy' within Russia. Careful normally not to criticise the elected leadership, he says the military and security services exercise too much authority. He told The Times:
"It is the Singapore model, it is a term that people understand in Russia these days. It means that theoretically you have a free press, but in practice there is self-censorship. Theoretically you have courts; in practice the courts adopt decisions dictated from above. Theoretically there are civil rights enshrined in the constitution; in practice you are not able to exercise some of these rights."
[edit]The merger

In April 2003, Khodorkovsky announced that Yukos would merge with Sibneft, creating an oil company with reserves equal to those of Western petroleum multinationals. Khodorkovsky had been reported to be negotiating with ExxonMobil and ChevronTexaco about them taking a large stake in Yukos. Sibneft was created in 1995, at the suggestion of Boris Berezovsky, comprising some of the most valuable assets of a state-owned oil company. In a controversial auction process, Berezovsky acquired 50% of the company at what most agree was a very low price.[citation needed]
When Berezovsky had a confrontation with Putin, and felt compelled to leave Russia for London (where he was granted asylum) he assigned his shares in Sibneft to Roman Abramovich. Abramovich subsequently agreed to the merger.
With 19.5 billion barrels (3 km³) of oil and gas, the merged entity would have owned the second-largest oil and gas reserves in the world after ExxonMobil and would have been the fourth largest in the world in terms of production, pumping 2.3 million barrels (370,000 m³) of crude a day. However, the merger had been recalled by the shareholders of Sibneft after the arrest of Khodorkovsky.
Prosecution

In early July 2003, Platon Lebedev, a Khodorkovsky partner and second largest shareholder in Yukos, was arrested on suspicion of illegally acquiring a stake in a state-owned fertiliser firm, Apatit, in 1994. The arrest was followed by investigations into taxation returns filed by Yukos, and a delay to the antitrust commission's approval for its merger with Sibneft.
Khodorkovsky was himself arrested in October 2003, charged with fraud and tax evasion. The Russian Prosecutor General's Office claims Khodorkovsky and his associates cost the state more than $1 billion in lost revenues.
Subsequent to Khodorkovsky's arrest, Leonid Nevzlin gained a controlling stake in Yukos when Khodorkovsky handed him a 60% share in the holding company that controlled the firm. Nevzlin is himself now wanted in Russia and has since fled to Israel. 
On 31 March 2009, a new trial of Khodorkovsky and Lebedev began in Moscow for fresh charges on embezzlement and money laundering. The two men face up to 22 more years in prison. Both of them pleaded non guilty and denounce vague accusations. In May 2010, Mikhail Kasyanov, who became an opposition figure after serving as Putin's prime minister from 2000 to 2004, told the court that Putin, while president, had been angered by Khodorkovsky's support of the Communist Party together with liberal Yabloko and the Union of Right Forces.


Impact of arrest

Initially news of Khodorkovsky's arrest had a significant effect on the share price of Yukos. The Moscow stock market was closed for the first time ever for an hour in order to assure stable trading as prices collapsed. Russia's currency, the ruble, was also hit as some foreign investors questioned the stability of the Russian market. Media reaction in Moscow was almost universally negative in blanket coverage, some of the more enthusiastic pro-business press discussed the end of capitalism, while even the government-owned press criticised the "absurd" method of Khodorkovsky's arrest.
Yukos moved quickly to replace Khodorkovsky with Russian born U.S. citizen Simon Kukes. Simon Kukes, who became the CEO of Yukos, was already an experienced oil executive.
The U.S. State Department said the arrest "raised a number of concerns over the arbitrary use of the judicial system" and was likely to be very damaging to foreign investment in Russia, as it appeared there were "selective" prosecutions occurring against Yukos officials but not against others.
A week after the arrest, the Prosecutor-General froze Khodorkovsky's shares in Yukos to prevent Khodorkovsky from selling his shares although he retains all the shares' voting rights and to receive dividends.
Khodorkovsky's arrest alarmed foreign investors and policymakers alike.
In 2003 Khodorkovsky's shares in Yukos passed to Jacob Rothschild under a deal they concluded prior to Khodorkovsky's arrest.


Criminal charges

Prosecutors stated that they operated independently of the government appointed by President Putin. The Prosecutor-General Vladimir Ustinov was appointed by former President Yeltsin and was not seen as being particularly close to Putin, who once tried to remove him. However, he was politically ambitious and prosecuting Russia's most prominent and successful tycoon was perceived as a boost to his political career and intended candidacy for the Duma.
The criminal charges against Khodorkovsky read as follows:
In 1994, while chairman of the board of the Menatep commercial bank in Moscow, M. B. Khodorkovsky created an organized group of individuals with the intention of taking control of the shares in Russian companies during the privatisation process through deceit and in the process of committing this crime managed the activities of this company.
Khodorkovsky was charged with acting illegally in the privatisation process of the former state-owned mining and fertiliser company Apatit. It is alleged that the CEO of Bank Menatep and large shareholder in Yukos Platon Lebedev assisted Khodorkovsky. Lebedev was arrested and charged in July 2003.
According to the prosecution, all four companies that participated in the privatization tender for 20% of Apatit's stock in 1994 were shell companies controlled by Khodorkovsky and Lebedev, registered to create an illusion of competitive bidding that was required by the law. One of the shell companies that won that tender (AOZT Volna) was supposed to invest about US$280 million in Apatit during the next year, according to their winning bid. The investment was not made and Apatit sued to return their 20% of stock. At this point, Khodorkovsky et al. had transferred the required sum into Apatit's account at Khodorkovsky's bank Menatep and sent the financial documents to the court, so Apatit's lawsuit was thrown out. The very next day the money was transferred back from Apatit's account to Volna's account. After that the stock was sold off by Volna in small installments to several smaller shell companies, which were, in turn, owned by more Khodorkovsky-owned companies in a complicated web of relationships. Literally dozens of companies were registered for these purposes in Cyprus, Isle of Man, British Virgin Islands, Turks & Caicos and other offshore havens. Volna actually settled the Apatit lawsuit in 2002 by paying $15 million to the privatization authorities, even though it did not own Apatit stock anymore at the time. However, according to the prosecution, that $15 million sum was based on the incorrect valuation which was too low. Allegedly, at the time Apatit was selling off the fertilizers it was producing to multiple Khodorkovsky-owned shell companies below market value, and, therefore, Apatit formally did not have much profit, lowering its valuation. Those shell companies then resold the fertilizer at the market value, generating pure profit for Khodorkovsky, Lebedev and others.
In addition, prosecutors conducted an extensive investigation into Yukos for offences that went beyond the financial and tax-related charges. Reportedly there were three cases of murder and one of attempted murder linked to Yukos, if not Khodorkovsky himself.
One area of interest to the Prosecutor-General included the 1998 assassination of the mayor of Nefteyugansk in the Tyumen region, Vladimir Petukhov. Nefteyugansk was the main centre of oil production within the Yukos empire. Suspicions arose in Nefteyugansk because Petukhov had publicly and frequently campaigned about Yukos' non-payment of local taxes.
President Putin himself commented on this aspect of the investigation while questioned about the investigation into Yukos in September 2003. President Putin said:
The case is about Yukos and the possible links of individuals to murders in the course of the merging and expansion of this company...the privatizations are the least of the reasons for it...in such a case, how can I interfere with prosecutors' work?
The verdict of the trial, repeating the prosecutors' indictments almost verbatim, was 662 pages long. As is customary in Russian trials, the judges read the verdict aloud, beginning on 16 May 2005 and finishing on 31 May. Khodorkovsky's lawyers alleged that it was read as slowly as possible to minimize public attention*.[16]
Khodorkovsky was defended by Karinna Moskalenko, who now faces being disbarred by the Russian government for her alleged negligence in defending him. Khodorkovsky denies being dissatisfied with her conduct.
[edit]Third Party Support

Khodorkovsky is believed to have control of multi-billion dollar sums still under the control of Menatep and has waged a very effective press campaign, bringing funding foundations, political figures, and journalists who have provided highly unbalanced coverage of the Yukos trial. Much of what is to be found in the press can be considered to be the result of very successful lobbying by the company. Certainly, it would be surprising were any other white collar criminal in another country to get anything like the amount of press coverage that Khodorkovsky has received. Many of the purportedly independent groups and individuals supporting him are funded by one of the numerous foundations. They argue that the process, charges, and two trials against him are politically motivated.[17] On Nov. 29, 2004, The Council of Europe Parliamentary Assembly (PACE) Committee on Legal Affairs and Human Rights published a report which concluded "he Assembly considers that the circumstances of the arrest and prosecution of leading Yukos executives suggest that the interest of the State’s action in these cases goes beyond the mere pursuit of criminal justice, to include such elements as to weaken an outspoken political opponent, to intimidate other wealthy individuals and to regain control of strategic economic assets."[18]
In June 2009 the Council of Europe published a report which criticized the Russian government's handling of the Yukos case, entitled "Allegations of Politically Motivated Abuses of the Criminal Justice System in Council of Europe Member States"[19]
"The Yukos affair epitomises this authoritarian abuse of the system. I wish to recall here the excellent work done by Sabine Leutheusser-Schnarrenberger, rapporteur of the Committee on Legal Affairs and Human Rights, in her two reports2 on this subject. I do not intend to comment on the ins and outs of this case which saw Yukos, a privately owned oil company, made bankrupt and broken up for the benefit of the stateowned company Rosneft. The assets were bought at auction by a rather obscure financial group, Baikalfinansgroup, for almost €7 billion. It is still not known who is behind this financial group. A number of experts believe that the state-owned company Gazprom had a hand in the matter. The former heads of Yukos, Mikhail Khodorkovsky and Platon Lebedev, were sentenced to eight years’ imprisonment for fraud and tax evasion. Vasiliy Aleksanyan, former vice-chairman of the company, who is suffering from Aids, was released on bail in January 2009 after being held in inhuman conditions condemned by the European Court of Human Rights.3 Lastly, Svetlana Bakhmina, deputy head of Yukos’s legal department, who was sentenced in 2005 to six and a half years’ imprisonment for tax fraud, saw her application for early release turned down in October 2008, even though she had served half of her sentence, had expressed “remorse” and was seven months pregnant. Thanks to the support of thousands of people around the world and the personal intervention of the United States President, George W. Bush, she was released in April 2009 after giving birth to a girl on 28 November 2008."
Statements of support for Khodorkovsky and criticism of the state's persecution have been passed by the Italian Parliament, the German Bundestag, and the U.S. House of Representatives, among many other official bodies.[20]
In June 2010, Holocaust survivor and human rights activist Elie Wiesel began a campaign to raise awareness of the Khodorkovsky trial and advocate for his release.[21]
In November 2010, Amnesty International Germany began a petition campaign demanding that President Medvedev get an independent review of all criminal charges against Khodorkovsky, to coincide with the 60th anniversary of the European Convention on Human Rights.


In prison

On 30 May 2005, Mikhail Khodorkovsky was sentenced to 9 years in a medium security prison. At the time, he was detained in Moscow prison Matrosskaya Tishina.
On 1 August 2005, a political essay written by Khodorkovsky in his prison cell, titled "Left Turn", was published in Vedomosti, calling for a turn to more social responsible state. He stated that: "The next Russian administration will have to include the Communist Party of the Russian Federation and the Motherland Party, or the historical successors to these parties. The left-wing liberals, including Yabloko, and right-wing Ryzhkov, Khakamada and others should decide whether to join the broad social-democratic coalition or to remain grumpy and without relevance on the political sidelines. In my opinion, they have to join because only the broadest composition of a coalition in which liberal-socialist (social-democratic) views will play the key role can save us from the emergence, in the process of this turn to the left turn, from a new ultra-authoritarian regime. The new Russian authorities will have to address a left-wing agenda and meet an irrepressible demand by the people for justice. This will mean in the first instance the problems of legalizing privatization and restoring paternalistic programs and approaches in several areas."
On 19 August 2005, Khodorkovsky announced that he was on a hunger strike in protest at his friend and associate Platon Lebedev's placement in the punishment cell of the jail. According to Khodorkovsky, Lebedev had Diabetes mellitus and heart conditions, and keeping him in the punishment cell would be equivalent to murder.
On 31 August 2005, he announced that he would run for parliament. This initiative was based on the legal loophole: a convicted felon cannot vote or stand for a parliament, but if his case is lodged with the Court of Appeal he still has all the electoral rights. This "loophole," or alternatively, ordinary provision of appellate procedure, is a common practice in US federal and state court. Usually it requires around a year to get somebody's appeal through the Appeal Court, so it should have been enough time for Khodorkovsky to be elected. To imprison a member of Russian parliament, the parliament should vote for stripping his or her immunity. Thus, he had a hope to escape from his prosecution. But the plans were flawed, as the Court of Appeal unusually took only a couple of weeks to process Khodorkovsky's appeal, reduce his sentence by one year and invalidate any of his electoral plans until the end of his sentence.
As reported on 20 October 2005, Khodorkovsky was delivered to the labor camp YaG-14/10 (Исправительное учреждение общего режима ЯГ-14/10) of the town of Krasnokamensk near Chita. The labor camp is attached to a uranium mining and processing plant and during Soviet times had a reputation as a place from which nobody returned alive.[citation needed] According to news reports, currently the prisoners are not used in uranium mining and have much better chances of survival than in the past. The second part of Khodorkovsky essay/thesis "Left Turn" was published in Kommersant on 11 November 2005, in which he expounded his socialist manifesto.
On 13 April 2006, Khodorkovsky was attacked by a prison mate while he was asleep. It was speculated that a prison mate tried to disfigure his face but not to kill him. Jail sources told reporters that a fellow prisoner Alexander Kuchma attacked him after a heated conversation. Western media immediately accused the Russian authorities of trying to play down the incident. In January 2009, the same prisoner filed a lawsuit for 500,000 rubles (~$15,000) against Khodorkovsky, accusing him of homosexual harassment.
On 5 February 2007, new charges of embezzlement and money laundering were brought against both Khodorkovsky and Platon Lebedev.Khodorkovsky's supporters point out that the charges come just months before Khodorkovsky and Lebedev were to become eligible for parole, as well as just a year before the next Russian presidential election.
On 28 January 2008, Khodorkovsky started a hunger strike  to help his associate Vasily Aleksanyan, who is ill and was held in jail and who was denied the necessary medical treatment. Aleksanyan was transferred from a pre-trial prison to an oncological hospital on 8 February 2008, after which Khodorkovsky called off his strike.
While Khodorkovsky was imprisoned, Arvo Pärt, the Estonian composer, wrote his latest symphony, Symphony no. 4, and dedicated it to Mikhail. The symphony was premiered on 10 January 2009 in Los Angeles at Walt Disney Concert Hall conducted by Esa-Pekka Salonen.
In prison, Khodorkovsky announced that he would research for, and prepare, a Ph. D. dissertation on the topic of Russian oil policy. The third part of Khodorkovsky's essay/thesis "Left Turn" with the subheading "Global Perestroika" was published in Vedomosti on 7 November 2008, in which he stated: "Barack Obama's victory in the US presidential elections is not simply the latest change of power in one individual country, albeit a superpower. We are standing on the threshold of a change in the paradigm of world development. The era whose foundations were laid by Ronald Reagan and Margaret Thatcher three decades ago is ending. Unconditionally including myself in that part of society that has liberal views, I see: ahead – is a Turn to the Left."
In May 2010 Khodorkovsky went on a three-day hunger-strike to protest what he said was a violation of the recent law against imprisonment of person accused of financial crimes. The law was pushed by President Medvedev after the death of Sergei Magnitsky who died in pre-trial detention in a Moscow prison in 2008.

Political Transformation

After six years in prison, observers have argued that Khodorkovsky has been transformed from an oligarch into a martyr: "He speaks with the authority of a chief executive of what was once Russia’s largest oil company. He explains how Yukos and Russia’s oil industry functioned, but he goes beyond business matters. What he is defending is not his long-lost business, but his human rights. The transformation of Mr Khodorkovsky from a ruthless oligarch, operating in a virtually lawless climate, into a political prisoner and freedom fighter is one of the more intriguing tales in post-communist Russia."
The political transformation of Khodorkovsky is cited in many of his writings from prison. On Oct. 26, 2009, he published a response to Dmitri Medvedev's "Forward, Russia!" article in Vedomosti, arguing that "authoritarianism in its current Russian form does not meet many key humanitarian requirements customary for any country that wishes to consider itself modern and European."
On 28 January 2010, Khodorkovsky authored an opinion article in the New York Times and International Herald Tribune, which argued that "Russia must make a historic choice. Either we turn back from the dead end toward which we have been heading in recent years — and we do it soon — or else we continue in this direction and Russia in its current form simply ceases to exist."
On 3 March 2010, Khodorkovsky wrote an article in Nezavisimaya Gazeta about the "conveyor belt" of Russian justice. In this article, he warns that "siloviki conveyor belt, which has undermined justice is truly the gravedigger of modern Russian statehood. Because it turns many thousands of the country's most active, sensible and independent citizens against this statehood - with enviable regularity."

Release date

According to his official site, Khodorkovsky would have been eligible for early release, but an alleged conspiracy involving jail guards and a cell mate resulted in a statement that Mikhail had violated one of the prison rules. The statement was false, but it was sufficient to make Khordorkovsky lose his rights, once the statement was logged in his file.
It is predicted that he might be released by the middle of 2011, although Khodorkovsky is on trial on fresh charges of embezzlement and money laundering, which could lead to a new sentence of up to 22 years. He alleged that both cases were instigated by Igor Sechin. “The second as well as the first case were organized by Igor Sechin,” the tycoon claimed in an interview with The Sunday Times from a remand prison in the Siberian city of Chita, 4,000 miles (6,400 km) east of Moscow.
On 22 August 2008, he was denied parole by Judge Igor Faliliyev, at the Ingodinsky regional court in Chita, Siberia. The basis for this was in part because Khodorkovsky "refused to attend jail sewing classes".
In the second trial, the prosecutors have asked the judge for a 14-year sentence, which is just one year less than the maximum. Taking into account the time already served, Khodorkovsky would not be released until 2017 if the judge hands down the requested sentence. The next court date for the judge's decision was set for Dec. 15, 2010. However, without any notice and no reason given, the verdict was deferred until 27 December 2010.

Final Words from Second Trial

On Nov. 2, 2010, Mikhail Khodorkovsky delivered his final words to the court in the closing of the second trial. The speech, which has received significant media coverage, included the following passages:
I am ashamed for my country.
Your honour, I think we all perfectly understand the significance of our trial extends far beyond the fates of Platon  and myself. And even beyond the fates of all those who have innocently suffered in the course of the reprisals against YUKOS that have taken place on such a huge scale, those I found myself unable to protect, but about whom I have not forgotten. I remember every day.
Let’s ask ourselves, what does the entrepreneur, the top class organizer of production, or simply an educated, creative individual, think today looking at our trial and knowing that the result is absolutely predictable?
The obvious conclusion a thinking person would come to is chilling in its simplicity: the bureaucratic and law enforcement machine can do whatever it wants. There is no right of private property. No person who conflicts with the “system” has any rights whatsoever.
Even when enshrined in law, rights are not protected by the courts. Because the courts are either also afraid, or are part of the “system”. Does it come as a surprise that thinking people do not strive to realize themselves here in Russia?
He continued:
I am far from being an ideal person, but I am a person with an idea. For me, as for anybody, it is hard to live in prison, and I do not want to die here.
But if I have to, I will have no hesitation. What I believe in is worth dying for. I think I have shown this.
In response to Khodorkovsky's speech, New York Times columnist Joe Nocera wrote, "I have never been so moved by the words of a businessman.  It should make no difference that he was once rich and once an oligarch. What matters is that Mikhail Khodorkovsky is fighting for political freedom and the rule of law, putting his life on the line for ideals we claim to hold dear."
Washington Post columnist Jackson Diehl argued that "Khodorkovsky delivered what is likely to stand as a historic indictment of the Putin-Medvedev regime.  Because he is an entrepreneur and not a poet, Khodorkovsky was regarded skeptically for many years by the sort of people who usually defend Russian dissidents. That's no longer true: Elie Wiesel is campaigning for him; Nobel-winning novelist Mario Vargas Llosa and French philosopher Andre Glucksmann have taken up his case. The U.S. Senate, prompted by Maryland Democrat Ben Cardin and Mississippi Republican Roger Wicker, passed a resolution saying Khodorkovsy and Lebedev 'are prisoners who have been denied basic due process rights under international law for political reasons.'"


(source:wikipedia)

Tuesday, December 21, 2010

Christmas Price

NEW YORK (Profile Facts) -- It may not seem like it when the credit card bill comes due, but many popular Christmas presents are at their cheapest level of all time.

Toys are 55% cheaper today than they were in 1980, according to the Consumer Price Index. And that's a raw number, not adjusted for inflation. If a toy was $100 in 1980, it's $45 now -- never mind the fact that $100 then would be worth $265 today.

Same is true for small appliances like coffee makers and toasters -- they're down almost 30% since 1998, the earliest year numbers are available.

Cheapest Christmas ever,

Electronics are a particular bargain. Televisions are 93% cheaper now than they were in 1980. Radios and speakers are half what they were when Reagan was elected.

"What it means for us, as consumers, is we get to buy more crap," said John Norris, director of wealth management at Oakworth Capital Bank in Birmingham.

The reasons for the plunging prices have to do with advances in technology, manufacturing, retailing, and the global economy.

Technology advances are particularly important in electronics. The newest and best stuff is the most expensive, partly because companies are trying to recoup their R&D costs and partially because demand for the latest model is so high.

But that means models that are a year or two old -- which is often perfectly fine for the average consumer -- see huge price discounts.

And as companies gain experience making the microchips and other components for DVD players or digital cameras, they can make them faster and cheaper.

This is true not just in manufacturing electronics, but goods like toys and clothes as well.

Clothing prices climbed from 1980 to the mid 90s, then nose-dived. While not at an all-time low, they are still 15-20% cheaper than they were 15 years ago.

Manufacturing advances may have played a role in bringing down the price of clothes, but it's also no coincidence that 15 years ago was when globalization entered the world's lexicon. With globalization came an explosion in world trade, and cheap labor from the developing world.

"If you look at the flood of imports, especially from China, there's been tremendous pressure to keep prices down," said Paul Liegey, an economist at the Bureau of Labor Statistics that analyzes clothing prices for the CPI.

Changes in retailing are also giving consumers the cheapest Christmas ever. The scale and model of big box stores like Target (TGT, Fortune 500) or Wal-Mart (WMT, Fortune 500) means they can more efficiently buy, move, store and ultimately sell the same product for a cheaper price than can a mom-and-pop shop downtown.

This isn't to suggest cheaper is better.

As Norris pointed out, often times the service and product knowledge is better at a mom-and pop than a big box.

"If you go in looking for a camera, you better know exactly what you want," he said of the big box.

And just because stuff is cheaper doesn't mean our total bill will be less. We simply buy more of the cheap stuff. Plus, the really high-end stuff hasn't fallen in price, and that's always tops on anyone's wish list.

"Have you seen what Uggs cost," said Norris. "And Steve Jobs is not discounting the iPad."


(source:cnn.com)

Saturday, December 18, 2010

Timeline of largest projects in the Russian economy



Moscow International Business Center under construction

Countdown to the 2014 Winter Olympics in Sochi

This timeline of largest projects in the Russian economy includes both megaprojects, costing over $1 billion, and other large investment projects, typically costing between $100 million and $1 billion. Projects with investments below $100 million also may be included here, either as parts of larger projects, or in case of major international significance and media coverage. In case of projects involving new vehicle models, the cost of development is taken into account as well as the cost of production.
The timeline starts from 1992, the first year after the formation of the modern Russian Federation. Project areas covered here include infrustructure, energy, industry, weaponry, communications, science & technology, education, sports, and housing.
The projects are arranged by the actual or expected date of full completion, or completion of their first stage. Certain subprojects, that have been completed already, may be listed under their parent projects yet in development. Megaprojects are listed in bold, while planned projects are listed in italics.

1992
Sukhoi Su-30 of the Russian Air Force
Sukhoi Su-30 multi-role fighter (April) Done (the date of the first flight of a serial aircraft is given; originally the spin-off project in the Sukhoi Su-27 family, it was renamed Sukhoi Su-30 in 1996)
State University – Higher School of Economics (November) Done (major university specializing in social sciences; the first Russian higher education institution to adopt the business school model and the Bologna system)

1993

Nuclotron (March) Done (the world's first superconductive syncrotron, exploited by the Joint Institute for Nuclear Research in Dubna, Moscow Oblast; the date of the start of experiments is given)
Ilyushin Il-96 (July) Done (the date of the start of passenger operations is given)

1995

Kamov Ka-31 military helicopter  Done (naval helicopter with airborne early 
warning role; the date of adoption for service is given)

Kamov Ka-50 attack helicopter (August) Done (the first helicopter with ejection seat; the date of adoption for service is given while the first flights were made in the 1980s; later Ka-50 was modified to the two-seat variant, Kamov Ka-52, and the production fully switched to the latter model)
Lyublinsko-Dmitrovskaya Line of the Moscow Metro (December) Done (The 10th line in the system; construction of additional stations proceeds)

1996

Tupolev Tu-204 medium range airliner (February) Done (the date of the start of passenger operations is given)


A Red Wings Airlines Tu-204

1997

Moscow Ring Road reconstruction Done (the highest-traffic beltway of Moscow along the border of the city; while originally built in 1960s, in 1994-97 the road was widened from the initial four to ten lanes and turned into freeway)
Tolmachevo International Airport expansion (Novosibirsk) Done (currently the 6th largest airport in Russia by passenger traffic; the completion date of the first stage of expansion is given; further expansions were made in 2000s)
Yamal–Europe pipeline (natural gas) Done
Olya Sea Port (June) Done (major port at the Caspian Sea; the cargo turnover is expected to rise up to 30 mln tons per year in 2010s; the date of the 1st terminal opening is given; more terminals were opened in 2000s, construction proceeds)
Sportivnaya (Saint Petersburg Metro) (September) Done (The first station of the future Ring Line; the only two-level single-vault transfer station in the world)
Baku–Novorossiysk pipeline (oil) (October) Done

1998

Russian Orbital Segment of the International Space Station
Irganai Dam Done (the largest derivational HPS in Russia; the date of the first powerblock installation is given; construction proceeds)
Khabarovsk Bridge reconstruction and doubling (June) Done (with a length of 2.600 kilometres, and 3.890,5 kilometres if the high-way is taken into account, it is the sixth longest bridge in Russia; the second stage of the new railway bridge was completed in November 2009)
Russian Orbital Segment of the International Space Station (November) Done (the date when the first ROS and ISS module was launched; ISS construction proceeds)

1999

A launch of Zenit 3SL rocket from the Sea Launch platform Ocean Odyssey
Sea Launch (March) Done (International cooperation with major Russian role in technology; Russia controls the reorganized project from 2010 on)
Sakhalin-II (oil and gas) (July) Done (international project in Russian EEZ; the largest integrated oil and gas project in the world, involving the usage of the first ever offshore oil rig in Russia; the date of the start of oil production is given)
[edit]2000

2000 IIHF World Championship in Saint Petersburg (April-May)
Ice Palace Saint Petersburg
Surgut Bridge (September) Done (the longest span for a single-tower cable-stayed bridge in the world; with a length of 2.110 kilometres, and a span of 408 metres, it is the 12th longest bridge in Russia)
New Saratov Bridge (December) Done (with a length of 1.315,9 kilometres, and 12.760 kilometres if the high-way is taken into account, it is the third longest bridge in Russia; the second stage was completed in October 2009)
North-West Thermal Power Plant in Saint Petersburg (December) Done (900 MW of installed capacity; the first power station in Russia to use combined cycle; the date of completion of the first unit is given)

2001


Rostov Nuclear Power Plant, the newest in Russia
Rostov Nuclear Power Plant[ (March) Done (construction of additional powerblocks proceeds)
Caspian Pipeline Consortium (oil) (October) Done
Baltic Pipeline System (oil) (December) Done (In April 2006 the Baltic Pipeline System reached full design capacity)
Primorsk Oil Port[ (December) Done (the date of the 1st stage opening is given; the 2nd and the 3rd oil terminals were opened in 2004 and 2006)
Ust-Luga Sea Port (December) Done (the date of the 1st coal terminal opening is given; more terminals were opened in 2000s, construction proceeds)

2002

Aeroexpress Done (the first aeroexpress line in Russia, between Paveletsky Rail Terminal in Moscow and Domodedovo International Airport; in 2008 was passed under the control of the Aeroexpress company, the largest air rail link operator in Russia established in 2005)
GM-AvtoVAZ car plant (September) Done (joint venture between General Motors and AvtoVAZ; the date of the start of serial production is given)
Luzhniki Metro Bridge reconstruction (December) Done (contains the station Vorobyovy Gory (Moscow Metro), the world's first metro station on a bridge; originally built in 1958, it then decayed and was almost totally rebuilt in 1997-2002)

2003

Beriev Be-200 dropping the water painted into the Russian flag colours
Edelweiss skyscraper in Moscow Done (176 metre high, one of the tallest buildings in Russia)
Park Pobedy (Moscow Metro) (May) Done (The longest metro escalators in the world; the first station of the future Solntsevskaya Line)
Ladozhsky Rail Terminal in Saint Petersburg (May) Done
Beriev Be-200 multipurpose amphibious aircraft (June) Done (the date of the first flight of a serial aircraft)
Bureya Dam (July) Done (the date of the first powerblock installation is given; completed in 2009)
Kineshma Bridge (November) Done (1.64 kilometres long)
Severomuysky Tunnel (December) Done (at 15,343 metres, the longest railway tunnel in Russia; the last completed part of the Baikal Amur Mainline)
Third Ring Road (Moscow) (December) Done (the newest completed beltway of Moscow)
Lefortovo tunnel (December) Done (at 3.2 km long, it is the longest urban tunnel in Russia, and the third-longest in Europe; the last completed part of the Third Ring Road)


Buninskaya Alleya station of the Butovskaya Line, Moscow Metro
Domodedovo International Airport reconstruction and expansion (Moscow) (December) Done (currently the largest airport in Russia by passenger traffic; the completion date of the first stage of reconstruction is given; the number of passengers expanded from 12.1 mln in 2004 to 18.7 mln in 2009)
Butovskaya Line of the Moscow Metro (December) Done (The 12th line in the system; the first Light Metro in Russia; construction of additional stations proceeds)

2004

Sparrow Hills residential complex in Moscow Done (the tallest tower is 188 metre high, one of the tallest buildings in Russia)
Derways Automobile Company (January) Done (the first newly launched private car producer in Russia)
Vnukovo International Airport reconstruction and expansion (Moscow) (April) Done (currently the third largest airport in Russia by passenger traffic; the completion date of the first stage of reconstruction is given; additional passenger terminals were opened in 2006 and 2010)
Lada Kalina (November) Done (low cost supermini car from AvtoVAZ; the date of the start of serial production is given)
Moscow Monorail (November) Done

2005


Ploshchad Tukaya station of the Kazan Metro
Yemelyanovo Airport reconstruction and expansion (Krasnoyarsk) Done (currently the 14th largest airport in Russia by passenger traffic; the completion date of the first stage of reconstruction is given; another major expansion was made in 2008)
Kazan Metro (August) Done (the first line; construction of additional stations proceeds)
Sakhalin-I (oil and gas) (October) Done (international project in Russian EEZ; the date of the start of oil production is given)
Blue Stream gas pipeline (November) Done (actually the first gas flows from Russia to Turkey started in February 2003)
RT (TV network) (December) Done (global multilingual television news network based in Russia, the first all-digital Russian TV network)
Koltsovo International Airport reconstruction and expansion (Yekaterinburg) (December) Done (currently the 5th largest airport in Russia by passenger traffic; the completion date of the first stage of reconstruction is given; further expansions were made in 2007 and 2009)

2006



The general overview render of the Skolkovo Moscow School of Management campus (currently under construction)
Kamov Ka-60 military transport helicopter Done (the date of adoption for service is given; Ka-60 is expected to be modified into the Kamov Ka-62 in the 2010s)
Kazan Ansat multipurpose helicopter Done (the date of start of the serial production is given; currently in service with the Russian military; civilian version sales are expected since 2012)
Triumph Palace Done (at 264.33 metres, it is the site of the tallest European hotel and was the tallest building in Europe upon completion; similar in appearance to the Seven Sisters skyscrapers of the 1950s)
De-Kastri terminal (August) Done (belongs to the Sakhalin-I international consortium; on of the largest oil terminals on the Russian Far East)
Skolkovo Moscow School of Management (September) Done (graduate business school located near Moscow; a joint project by major Russian and international business leaders; construction of the new campus proceeds)


NS 50 Years Since Victory, the world's largest icebreaker.
Southern Federal University (November) Done (the largest higher education center in the Southern Russia; formed on the basis of Rostov State University and several other institutions)
Siberian Federal University (November) Done (major higher education center in the Central Siberia; formed on the basis of Krasnoyarsk State University and several other institutions)

2007

Lada Priora hatchback
Sukhoi Su-34 fighter-bomber (January) Done (the date of the introduction into the military is given)
NS 50 Years Since Victory (March) Done (the largest icebreaker in the world)
Sheremetyevo International Airport reconstruction and expansion (Moscow) (March) Done (currently the second largest airport in Russia by passenger traffic; the completion date of the first stage of reconstruction is given; another new passenger terminal was opened in November 2009)
Lada Priora (March) Done (economy car, the newest car model family from AvtoVAZ; the date of the start of serial production is given)
S-400 Triumf air defence system (April) Done (outshadows the capabilities of world's other active air defence systems; the date of introduction to service is given)
2007 IIHF World Championship in Moscow (April-May)
Megasport Arena Done (opened in 2006)
Mytishchi Arena Done (opened in 2005)
Rusiya Al-Yaum (May) Done (international Russian TV news channel broadcasting in Arabic)
Khrabrovo Airport reconstruction and expansion (Kaliningrad) (August) Done (currently the 9th largest airport in Russia by passenger traffic; the completion date of the first stage of reconstruction is given)
Father of all bombs (September) Done (the most powerful conventional weapon ever tested)
Yuzhno-Russkoye field (oil and gas) (December) Done


Zhivopisny Bridge in Moscow
Zhivopisny Bridge in Moscow (December) Done (one of the highest cable-stayed bridges in Europe)
North-Western Tunnel in Moscow (December) Done (a road and subway tunnel; at 3.1 km long, it is the second longest urban tunnel in Russia, and the fourth-longest in Europe)

2008

Mil Mi-28 attack helicopter (January) Done (the date of introduction into military is given)
Kontinental Hockey League inauguration(September) Done
Verkhnechonskoye field (oil and gas) (October) Done (major source field for the Eastern Siberia – Pacific Ocean oil pipeline)
Frunzensko-Primorskaya Line of the Saint Petersburg Metro (December) Done (The 5th line in the system; some stations were used earlier as parts of the 4th line)

2009


Yakovlev Yak-130 advanced jet trainer at the 2009 MAKS Airshow
2009 Eurovision Song Contest in Moscow (May) Done (the most expensive Eurovision edition ever)
Antonov An-148 regional jet (June) Done (Ukrainian-Russian plane, designed mostly in Ukraine, produced mostly in Russia and from Russian-made details; the date of introduction into service is given)
Yakovlev Yak-130 advanced jet trainer (July) Done (the date of introduction into service is given)
Vankor Field (oil and gas) (August) Done
Dzuarikau–Tskhinval pipeline (gas) (August) Done (gas pipeline from Russia to South Ossetia over the Large Caucasus ridge; the world's highest gas pipeline)
Northern Sea Route international commercial navigation (September) Done
Volgograd Bridge (October) Done (with a length of 1.260 kilometres, and 7.100 kilometres if the high-way is taken into account, it is the fourth longest bridge in Russia; construction of the second stage proceeds)


Sapsan high-speed train on Moskovsky Rail Terminal (Saint Petersburg)
New Ulyanovsk Bridge (November) Done (with a length of 5.85 kilometres, and 12.98 kilometres if the high-way is taken into account, it is the second longest bridge in Russia and the longest bridge in Europe; the first stage is complete)
Sapsan HST on the Moscow – Saint Petersburg Railway[88] (December) Done (the first regular line of high-speed rail in Russia)
Eastern Siberia – Pacific Ocean oil pipeline (December) Done (the first stage of the project is ready, construction proceeds)

2010

Kazan Federal University[90] (April) Done (the largest higher education center in the Volga Region; formed on the basis of the Kazan State University and several other institutions)
North-Eastern Federal University (April) Done (the largest higher education center in Yakutia; formed on the basis of the Yakutsk State University)
.рф (romanized as "rf") (May) Done (the first internationalized country code top-level domain in Cyrillic alphabet)
Sapsan HST on the Moscow – Nizhny Novgorod route (July) Done


Marussia B2 in Monaco
Marussia sports car (August) Done (the first serial Russian supercar)
Amur Highway (September) Done (at 2,100-kilometers, it is the longest highway in the world, connecting the paved roads of Siberia with those of the Russian Far East)


Sukhoi Superjet 100 prototype on its maiden flight in 2008
Sukhoi Superjet 100 (November) Done (the date of the first flight of a serial aircraft)
Chelyabinsk Pipe Rolling Plant modernization Done (first stages launched; the program proceeds)
Finishing Center in Pervouralsk Done (launched in May 2009)
Vysota 239 rolling mill (July) Done (launched in July 2010; to be fully completed in 2012)
Iron Ozone 32 round billet mill (November) Done (will be operating at full capacity in 2011)
Allegro HST on the Saint Petersburg – Helsinki route(December) Done (operated by Karelian Trains, a joint venture between Russian Railways and Finnish VR Group)

2011

Boguchany Dam
RSM-56 Bulava (the launch vehicle will be introduced into the military in case of successful passing the tests scheduled for 2011)
GLONASS (the world's only operational satellite navigation system apart from American GPS)
Gryazovets–Vyborg gas pipeline


Nord Stream langeled pipeline map
Mosfilm tower in Moscow (192 metre high, one of the tallest buildings in Russia)
Nord Stream langeled pipeline (gas) (the longest sub-sea pipeline in the world)
Saint Petersburg Ring Road (a 115-kilometer long freeway around the city and the Neva Bay; the last uncompleted part goes through the southern part of the Saint Petersburg Dam, approaching completion)


Big Obukhovsky Bridge, a part of the Saint Petersburg Ring Road
Big Obukhovsky Bridge] Done (with a length of 2.8241 kilometres, and a span of 382 metres, it is the 7th longest bridge in Russia and one of the largest cable-stayed bridges globally; the only non-drawbridge over the Neva River; the first stage completed in December 2004, the second one in October 2007)
Saint Petersburg Dam Tunne (a 1.2 km long tunnel under the southern lock of Saint Petersburg Dam, the longest undersea tunnel in Russia)
Sakhalin-III (oil and gas) (the date of the expected start of gas production is given)
Sakhalin–Khabarovsk–Vladivostok pipeline (gas)
Sukhoi Su-35BM 4++ generation jet fighter (the expected date of introduction to service is given)
MARS-500 (November) (major ground-based experiment fully simulating a manned mission to Mars)

2012

Russian floating nuclear power station (The world's first nuclear power station barge, Akademik Lomonosov, was launched on 20 June 2010; at least 7 vessels are planned in total)

Angara launch vehicle mock-ups at the 2009 MAKS Airshow
Angara (rocket family)
Baltic Pipeline System-II (oil)
Locomoskayner (disc-shaped hybrid airship; the expected date of production of the first large-size aircraft is given; smaller non-serial models have been built already; project is supported by Ulyanovsk Oblast)
Nizhny Novgorod Metro Bridge (The combined roadway/metro bridge will lead to the actual separation of the two lines of the Nizhny Novgorod Metro and dramatic increase in passenger ridership)
Saint Petersburg Dam (a 25-kilometer complex of dams for flood control across the Finnish Gulf; the flood control gates completed in July 2010, while the strengthening of the dam proceeds until 2012; the southern part will form the last stage of the Saint Petersburg Ring Road)
Skolkovo innovation center
Yamal megaproject of Gazprom
Bovanenkovo field (oil and gas) (The largest field of Yamal megaproject)
Bovanenkovo-Ukhta pipeline (gas) (connects Yamal megaproject to Central Russia)
Obskaya–Bovanenkovo Line Done (525 km long, one of the northernmost railways in the world; opened 12 January 2010)
Yuribey Bridge Done (with a 3.9 kilometer of length, it is the 5th longest bridge in Russia and the world's longest bridge north of the Polar Circle)


Russky Island, the place where APEC Russia 2012 will take place
APEC Russia 2012 in Vladivostok (September)
Zolotoy Rog bridge
Russky Island Bridge (the longest cable-stayed bridge in the world)
Far Eastern Federal University (the new federal university formed in April 2010; the campus is expected to be built by the start of APEC Russia 2012)
Vladivostok International Airport expansion

2013
Amur Yakutsk Mainline (the first part of the TKM-World Link)
Kuznetsovsky Tunnel (at 3,890 metres, one of the longest railway tunnels in Russia; expected to double the traffic on the Eastern part of the Baikal Amur Mainline)
Leningrad Nuclear Power Plant II
Mikoyan MiG-35 4++ generation jet fighter (the expected date of the start of serial production is given)
Novovoronezh Nuclear Power Plant II
Pulkovo International Airport reconstruction and expansion (Saint Petersburg) (currently the fourth largest airport in Russia by passenger traffic; the expected completion date of the first stage of expansion is given)
2013 Summer Universiade in Kazan (July)

2014

This sketch shows the Sochi Olympic Park concept with all venues gathered around the 
Medals Plaza

Vladimir Putin among the skiers in Krasnaya Polyana
2014 Winter Olympics in Sochi (February)
Sochi Olympic Park
Bolshoi Ice Palace
Maly Ice Palace
Sochi Olympic Oval
Sochi Olympic Skating Centre
Sochi Olympic Curling Centre
Sochi Olympic Stadium
Main Olympic village
International broadcasting center and main press-room
Krasnaya Polyana
Biathlon & Ski Complex
Freestyle Skiing and Snowboard Park Done
Rosa Khutor Alpine Resort Done
Russian National Sliding Centre
Russian National Ski Jumping Centre
Rosa Khutor Plateau Olympic Village
Sochi International Airport reconstruction Done (currently the 8th largest airport in Russia by passenger traffic)
Siemens Desiro "Lastochka" on the Tuapse - Adler route (electric multiple-unit service to be launched in 2013)
Don Motorway (the main roadway connection between Moscow and the Southern Russia)


Park Pobedy, the first station of the future Solntsevskaya Line
Russian Grand Prix (the Russian round of the Formula One Grand Prix; the circuit will be built in the Sochi Olympic Park)
Fobos-Grunt sample return mission (August) (a mission to Fobos, one of the moons of Mars; the first Russian planetary science mission since Mars 96 and the first large-scale extraterrestrial sample return mission since 1976; the expected date of the return vehicle landing back on Earth is given)
Krasnoyarsk Metro
Solntsevskaya Line of the Moscow Metro (The 13th line in the system)
Kerch Strait Bridge
Titanium Valley (a special economic zone in the Urals Federal District, centered around the world's largest titanium producer, VSMPO-Avisma; will focus on creating products for the aircraft, automotive, shipbuilding and medical industries)

2015

PAK FA fifth generation fighter
PAK FA fifth generation fighter (the first serial non-American fifth generation fighter)
Vostochny Cosmodrome (the first launch is expected in 2015, the first manned launch in 2018)
Marine Facade of Saint Petersburg (the largest European waterfront development project, involving the inwashing of 476 hectares of new territories)
New Sea Passenger port Done (the 1st stage of the port was opened in September 2008; construction proceeds)
Saint Petersburg City (new business district outside the UNESCO World Heritage historical centre of Saint Petersburg)
New residential areas


The first opened part of the Western Rapid Diameter in Saint Petersburg
Western Rapid Diameter(46.6 km long freeway along the seaside part of Saint Petersburg, serving as diameter for the Saint Petersburg Ring Road; in October 2008 the first part of the road was opened; two large-scale bridges are planned across the Bolshaya Neva and the Malaya Neva in the Neva River delta)
South Stream langeled pipeline (gas)
Altai gas pipeline

2016

Baltic Nuclear Power Plant
Irkut MS-21 short-range and mid-range jet airliner family

Bagration Bridge and Tower 2000
Moscow International Business Center
Tower 2000 Done (completed at the end of 2001)
Bagration Bridge Done (foot bridge over the Moscow River adjacent to the Tower 2000; opened in September 1997)
Moscow Expo Center Done (original pavilions existed from the 1970s and 1980s; new ones were added in the 2000s)
City Palace (originally scheduled to be completed in 2013, currently on-hold)
Imperia Tower (scheduled to be completed by the end of 2010)
Central core (above-ground retail-entertainment center and hotel plus underground metro stations; originally scheduled to be completed in 2014)
Delovoy Tsentr (Moscow Metro) (a planned station of the Kalininskaya Line of the Moscow Metro; expected to be opened by 2015)


Vystavochnaya metro station
Vystavochnaya (Moscow Metro) Done (a station of the Filyovskaya Line of the Moscow Metro; opened on 10 September 2005)
Mezhdunarodnaya (Moscow Metro) Done (a station of the Filyovskaya Line of the Moscow Metro; opened on 30 August 2006)
City of Capitals Done (at 301.6 metres, the tallest building in Europe, completed in 2009; commercial exploitation is expected by the end of 2010)
Naberezhnaya Tower Done (blocks A, B, and C completed in 2004, 2005 and 2007; at 268.4 meters, the 59-story tower C remained the tallest building in Europe until the City of Capitals was completed in 2009)
Transport Terminal (will provide access to the Aeroexpress lines and the Moscow Metro stations, as well as include offices, hotels, a clinic, and parking; scheduled to be completed in 2016)
Eurasia Tower (scheduled to be completed in 2011)
Federation Tower (to be completed in 2011; at 360.4 metres at the top roof or 506 metres with a spire, will become the tallest building in Europe)


Moscow International Business Center
Mercury City Tower (to be completed in 2011)
City Hall and City Duma (to be completed in 2012)
Mixed Use Residential, Office and Hotel space (to be completed in 2012)
Northern Tower Done (completed in 2007)
Exhibition-business complex (to be completed in 2014)
Omsk Metro
Košice – Vienna broad gauge track (the extension of the Uzhhorod – Košice broad gauge track in Slovakia up to Vienna in Austria; eliminating the tranship between the Russian broad gauge and standard gauge will cut rail journey time from the Far East to Europe to 14 days, around half that of maritime transport)
Shtokman field (gas) (the 5th largest gas field in the world; the largest fully offshore gas field)
Yakutia–Khabarovsk–Vladivostok pipeline (gas)

2017

Chelyabinsk Metro
2017 FIFA Confederations Cup (June)

2018

Inside view of the Luzhniki Stadium, the main arena of the 2018 FIFA World Cup


A render of the Rubin Stadium in Kazan
2018 FIFA World Cup (June–July)
Kaliningrad Stadium in Kaliningrad
New Zenit Stadium in Saint Petersburg (under construction; to be completed in 2011)
Luzhniki Stadium expansion in Moscow
Dynamo Stadium reconstruction in Moscow (under reconstruction since 2008)
Spartak Stadium in Moscow (to be completed in 2012)
Moscow Region Stadium in Moscow Region
Rubin Stadium in Kazan (under construction; to be completed in 2012)
Nizhny Novgorod Stadium in Nizhny Novgorod
Shinnik Stadium reconstruction in Yaroslavl
Samara Stadium in Samara
Volgograd Stadium in Volgograd
Saransk Stadium in Saransk
Krasnodar Stadium in Krasnodar
Rostov-on-Don Stadium in Rostov-on-Don
Sochi Olympic Stadium in Sochi (under construction; to be completed by 2014 Winter Olympics)
Central Stadium reconstruction in Yekaterinburg


Yekaterinburg City under construction
International Thermonuclear Experimental Reactor (the world's largest and most advanced experimental tokamak nuclear fusion reactor; construction started in France under joint cooperation of Japan, the European Union, Korea, China, India, the United States and Russia; the expected date of production of the first plasma is given)
Moscow – Saint Petersburg motorway (700-kilometer long, on of the first major toll roads in Russia, the first part to be completed in 2013)
Sukhoi/HAL FGFA fifth generation fighter(the fifth-generation fighter being developed by Russia and India; a derivative project from the PAK FA; the date of expected introduction is given)
Yekaterinburg City

2020

Location of the future TKM-World Link and the Bering Strait Tunnel
Orbital Piloted Assembly and Experiment Complex (the proposed successor to the Russian Orbital Segment of the International Space Station, to be constructed as a combination of some of the old modules with addition of the new ones)
Rostov Metro
S-500 air defence system (expected to become the world's best air defence system; the timeframe of deployment is given)

2025

Central Ring Road (Moscow Oblast) (521 km long ring road in the Moscow Oblast aimed into reducing the transit traffic in the Moscow hub of the Russian federal motorways; the road will include several existing roadways, while the first new part is expected to be opened in 2012)

2030

PAK DA stealthy strategic bomber (the expected timeframe of introduction to service is given)
Salekhard–Igarka Railway (some parts are already built; the first part of the renewed project is expected to be completed by 2014)
TKM-World Link (planned link between Eurasia and North America via the Bering Strait Tunnel, providing oil, natural gas, electricity, and railroad passengers between Russia and the United States/Canada; completion of the first part, the Amur Yakutsk Mainline, is expected in 2013)
Bering Strait Tunnel
Sakhalin Tunnel (the tunnel between mainland and Sakhalin, the largest Russian island; may be built together with Sakhalin–Hokkaidō Tunnel)


(source:wikipedia)