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Reports that law firm, Coudert Brothers in the Russian Federation has been retained by pulp and paper producer Ilim Pulp to handle the firm's defense against hostile take-over attempts. Firm's dispute with businessman Oleg Deripaska who claims to have acquired a controlling stake in the company; Details of the firm's relationship with Coudert Brothers.

Reports on the National Newspaper Association's (NNA) efforts to forge relationships between United States and Russian newspapers. Objective of the efforts; Comments by NNA President and Chief Executive Officer Tonda Rush.

Reports on the filing of lawsuits by Russia's Press Ministry for the permanent closure of four opposition newspapers which were suspended during a state of emergency in that country. Den and Sovetskaya Rossiya as the newspapers intended for closure; Declaration of a state of emergency as a result of violence in the fall of 1993; Decision of the court to be honored by the Press Ministry.

The article reports that the law firms Hogan Lovells and Latham & Watkins LLP have advised Russia's B&N Bank on the establishment of a European commercial paper (ECP) worth 300 million dollars. B&N's first ECP issue on August 1, 2012, comes amidst diverse activities in the Russian market, with the country's Alfa Bank, Gazprombank and Russian Standard Bank considering launching ECPs in 2011.

Reports that Russia's Parliament has approved the Kyoto Protocol on climate change. Need for President Vladimir Putin to sign the ratification papers; International efforts to reduce carbon dioxide emissions; United States' decision not to ratify the treaty.

Discusses the use of telecommunication and computer systems in upgrading the banking system of the Central Bank of Russia. Description of the paper-based transactions in the former Soviet Union; Need for an adequate system to monitor the banking system; Economic significance of the emergence of electronic payment systems.

Relates the difficulties experienced by journalists in covering the war between Chechnya rebels and the Russian military. Importance of having complete papers when entering Chechnya; Destructive bombing and combat and threats of reporter kidnapping; Uncooperativeness of the Russian military about providing documentation and authorization for journalists covering the war.

The article reports that the rise in paper and printing costs has prompted Russian newspapers to form alliances and joint ventures with Western businesses. The cost of newsprint soared following the lifting of the price freeze in January 1992. Distribution costs are reported to have jumped more than 500 per cent, forcing several national newspapers to cut their printing schedules.