MOSCOW, November 12 (RIA Novosti)
Russian State Duma Deputy Vladimir Vasilyev was elected on Saturday to head the majority United Russia party faction in the lower chamber of the Russian parliament, replacing Andrei Vorobyov who is leaving the Duma to serve as acting governor of Moscow Region.
(Kommersant, Vedomosti, Rossiiskaya Gazeta, Izvestia)
The new generation of Chinese leaders will have to deal with inequality and corruption, which are among the country's most pressing problems
Georgian President Mikheil Saakashvili publicly supported the Chief of Staff of the Georgian Armed Forces Giorgi Kalandadze and ordered him to continue to perform his duties despite an ongoing criminal investigation. Experts fear that the armed forces, who face duarchy, may become embroiled into the internal political conflict. However, they say, the armed forces are unlikely to support Kalandadze
The trio of international lenders is likely to postpone the decision about allocating another loan installment of 31.3 billion euros to Greece, due today
The Russian Audit Chamber has investgated the construction of APEC summit facilities and found that over $15 billion rubles (about $500 million) was spent in the period 2008-2012 in violation of financial and budgetary legislation
METALS & MINING
Russian Tycoon Roman Abramovich’s Millhouse failed to find a buyer for one of the world’s largest tin deposits in Chukotka. The only potential buyer, China’s Yunnan Tin Group, withdrew its bid
Long-term, the Russian Economic Development Ministry envisages the launch of a spacecraft capable of operating both in near-earth orbit and on the moon. The spacecraft is to be ready within six years, and might be ready for liftoff after 2020
VEHICLES & ENGINEERING
Sales of new cars in Russia hit a record low since June 2010. Experts link this trend to the anticipation of a new wave of the economic crisis
The Russian government instructed the energy ministry to study plans for launching electricity supplies to Japan via an underwater power line. The project to unite the energy systems of Russia, China, Mongolia, South Korea and Japan, headlined “Asian Super-ring,” was designed in 1998 but then abandoned. However, after the Fukushima incident, the Japanese authorities proposed reconsidering the plan and starting its implementation by building a power line from Russia to Japan
TELECOMS & IT
Russia’s Mail.ru Group earned up to $600 million by selling most of its foreign assets, including in Groupon, Zynga and Facebook.
UTair, Russia’s third largest air carrier in terms of air traffic, may float an IPO in 2013 to fund its development program
Russia's new Defense Minister Sergei Shoigu on Friday appointed Colonel General Valery Gerasimov the new Chief of the General Staff
(Vedomosti, Rossiiskaya Gazeta)
Yury Urlilich lost his post as the general designer of Russia’s satellite navigation project Glonass, but retained his role as Russian Space Systems' general director. Moscow Police chief Anatoly Yakunin said the investigation into the alleged embezzlement of budget funds allocated for the Glonass project would be completed and any attempt to interfere with it will be dealt with harshly
(Kommersant, Rossiiskaya Gazeta)
The US Department of Justice rejected Russia’s request to extradite Viktor Bout, conviced in the US for arms trafficking and sentenced to 25 years in prison
(Kommersant, Rossiiskaya Gazeta)
Roman Abramovich wrote off FC Chelsea’s debt of 167 million pounds ($265 million)
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Russia has surged ahead on the foreign policy stage, but this is not enough to remain a great power. The tough-minded policies and masterful diplomacy of Russia’s leadership have maximized the country’s position in the world, and are now the main source of its international influence and prestige. Russia’s foreign policy in the next decade depends entirely on what happens at home.