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RIA Novosti

What the Russian papers say

RIA Novosti Press Review for Tuesday, October 12, 2010

RIA Novosti Press Review for Tuesday, October 12, 2010
09:01 12/10/2010

A brief look at what is in the Russian papers today

POLITICS

Russia's ruling United Russia on Monday claimed a landslide victory in regional elections, held on Sunday in 77 regions, while rivals accused the party of staging the dirtiest election campaign in its history. (The Moscow Times, Vremya Novostei, Kommersant)

Kyrgyzstan announced on Monday preliminary results of its parliamentary elections, which were held on Sunday. The nationalist Ata-Zhurt party leads with 8.88 percent of the vote. Parties that sided with the interim government showed dismal results, while ex-premier Felix Kulov is considered a key candidate for the head of the new government. (Kommersant)

ECONOMY

The Russian government is preparing a taxation reform for the oil industry. The Energy Ministry plans to propose shifting the tax burden from raw oil to refined oil products in order to increase profits from exports. (Vedomosti)

An Organization of Economic Cooperation and Development report said that Russia, Germany and Japan were showing signs of continued economic expansion, although a slowdown in economic growth in developed countries looks likely. (Vedemosti)

OIL AND GAS

Russia will receive $1.8 billion in the next four years in dividends from the Sakhalin-2 oil-and gas project. The government will continue receiving dividends until 2041 as a holder of one share in the Sakhalin Energy consortium. (Vedomosti)

Russian Prime Minister Vladimir Putin held on Monday a meeting with local authorities in New Urengoy, northern Siberia, which focused on the construction of a liquefied natural gas (LNG) plant on Siberia's Yamal peninsula. (Vremya Novostei)

Telecoms & IT

Russian Internet holding Mail.ru Group (former DST) announced its preparations for an IPO on the London Stock Exchange (LSE). The holding plans to earn at least $500-750 million from the offering. (Kommersant)

FINANCE

Russia's Central Bank bought 100 tons of gold on the domestic market in 2010. As a result, the reserves of monetary gold in the country grew by 15.1 percent year-on-year to 734 metric tons. (Nezavisimaya Gazeta)

Russian bank VTB is considering buying the Central Moscow Depository, whose license the Federal Service for Financial Markets will cancel in three months time. The VTB board will consider the feasibility of the purchase on Tuesday. Experts say they will be surprised if VTB decides to buy the depository, which is rapidly losing clients. (Kommersant, Vedemosti)

SOCIETY

Russia will spend 777 million rubles ($26 mln) in the next 15 years on propagating patriotism in line with a state program adopted by the government on October 5. (Vedomosti)

DEFENSE

Russia's State Duma Defense Committee has made public for the first time detailed data on Russia's defense spending for the next three years. The share of spending on R&D will decrease, while procurement of new weaponry will increase. (Vedomosti)

SPORTS

The Russian national football team on Tuesday will face Macedonia in this year's last qualifying game for the Euro 2012. (Rossiiskaya Gazeta)

SCIENCE AND INNOVATION

Russian President Dmitry Medvedev discussed with California Governor Arnold Schwarzenegger and U.S. business representatives on Monday the prospects for cooperation in the creation of Russia's Skolkovo research hub. The head of the Russian Nanotechnology Cooperation, Rusnano, estimated the financial potential of U.S. investment for Rusnano alone at $1 billion. (Kommersant)

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RIA NovostiRIA Novosti Press Review for Tuesday, October 12, 2010RIA Novosti Press Review for Tuesday, October 12, 2010

09:01 12/10/2010 A brief look at what is in the Russian papers today>>

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