Russia

China, Russia seal oil-for-loan deal

China, Russia seal oil-for-loan dealBeijing - China and Russia on Tuesday signed an oil cooperation deal involving the supply of Russia oil in return for record loan of 25 billion dollars from China.

Chinese Vice Prime Minister Wang Qishan and his Russian counterpart, Igor Sechin, signed government agreements in Beijing to finalize the deal.

The cooperation pacts included building a pipeline to China, supplying oil and providing financing from the China Development Bank, China's official Xinhua news agency reported.

Former oil tycoon Khordokovsy pleads innocent at new trial

Former oil tycoon Khordokovsy pleads innocent at new trialMoscow - Former Russian oil tycoon Mikhail Khordokovsky pleaded not guilty to charges of embezzlement and money laundering at a new trial on Tuesday.

"No, I do not admit guilt," Khordokovsky said after the charges were read out at a Moscow court.

Khordovovsky, former chief the oil concern Yukos, called the charges "nonsense" and vowed to defend himself against them, according to the news agency Interfax.

Moscow criticizes countries boycotting UN racism conference

Moscow criticizes countries boycotting UN racism conferenceMoscow - Russia has criticized the United States, Germany and other Western nations that were boycotting a United Nations conference on racism taking place in Geneva.

Apparently, not all governments were ready to face the growing challenges of racism, xenophobia and intolerance, Russian Deputy Foreign Minister Alexander Yakovenko said in an in an interview published in the government newspaper Gazeta Rossiyskaya on Monday.

Medvedev dubs NATO Georgia exercise "muscle-flexing"

Medvedev dubs NATO Georgia exercise "muscle-flexing"Moscow  - Russian President Dmitri Medvedev criticized a planned NATO military exercise in Georgia next month as "muscle- flexing" on Friday, according to Interfax news agency, as tensions from last summer's conflict hotted up again.

The NATO operation is expected to see 1,300 soldiers from 19 nations carry out a two-day exercise in the Black Sea republic.

New round of Russia-Georgia talks announced

New round of Russia-Georgia talks announced Geneva - A new round of talks between the eight parties involved in the negotiations on last summer's war in Georgia will take place next month, a joint announcment said Thursday

The last round of talks ended without any announcement of further meetings, in contrast to the first three rounds. The talks have been taking place at United Nations offices in Geneva since October 2008.

Little substantive progress has been made on solving the core issues of the conflict and negotiations have mostly focused on day to day security and humanitarian issues.

Laudrup sacked at Spartak Moscow

Laudrup sacked at Spartak MoscowMoscow - Spartak Moscow have sacked their Danish coach Michael Laudrup after just seven months due to poor results, the Russian football club announced on Thursday.

Laudrup, 44, who took the Spartak job in September 2008, had to leave the day after Spartak lost a cup match 3-0 against Dynamo Moscow, with manager Valeri Karpin now acting as caretaker.

Spartak finished a modest eighth last season and also had a poor start into the domestic league with one win from four games for 10th place.

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