Russia

Russia faces crude reckoning over oil prices

Moscow - The splurge of oil profits feeding Russia's years of growth has turned sticky with falling production and energy prices.

This double whammy is threatening to undercut the government's economic policy as the industry that is its main source of revenue takes a battering from the country's worst financial crisis in a decade.

Scooping huge oil windfalls into state coffers over the oil industry's boom years from 1999 to 2004 has been at the root of Russia's ideology under former President Vladimir Putin.

The surplus helped pay back a national debt as part of a therapy to recover from the humiliation an impoverished Russia suffered by the Soviet collapse and then move toward a resurgent foreign policy.

Gadaffi begins three-day visit to Russia

Gadaffi begins three-day visit to RussiaMoscow - Libyan leader Moamer Gaddafi arrived in Moscow on Friday for a three-day visit the Kremlin hopes will lead to weapons purchases by the North African country.

Gaddafi is due to meet Russian President Dmitry Medvedev during his stay. Foreign Minister Sergei Lavrov said he had "no doubt" the visit would be a success.

Moscow has made a push to renew Soviet-era relations with Libya since former president Vladimir Putin traveled to Tripoli in April.

In Estonia, more new Russians than new Estonians

Tallinn - Estonian residents are obtaining Russian citizenship at nearly twice the rate they are claiming Estonian citizenship, according to figures released Friday.

Newspaper Eesti Paevaleht reported that the Russian embassy in Tallinn had granted Russian citizenship to 3,700 people during the last twelve months, while Estonian government figures showed that 1,600 people had acquired Estonian citizenship since January this year.

The newspaper quoted Russian embassy spokesman Maxim Kozlov who said "Estonia is one of the leading places in the world in terms of adoption of Russian citizenship."

Russia focuses on Medvedev address after last-minute delay

Moscow - Russia watchers were long curious to hear President Dmitry Medvedev's first national address, originally scheduled for October 23. Now, interest has only grown, after a last-minute decision was made to delay it by almost two weeks.

Speculation about the speech, scheduled for November 5, is rampant. For the past eight years, it has been delivered by former president - now Prime Minister - Vladimir Putin.

The president's office provided no reason for the delay. Igor Shuvalov, Putin's chief economic advisor and deputy premier, told daily Vedomosti that Medvedev needed to personally revise the draft.

National media initially speculated that the global financial crisis forced a change to the content of the speech.

Eastern Europe's leaders to debate stance on Russia

Riga - Relations with Russia are likely to be the focus when a generous sprinkling of former presidents, prime ministers and assorted other regional bigwigs descend on the Latvian capital of Riga this weekend for a NATO-sponsored conference.

Topping the bill will be Georgian President Mikheil Saakashvili, on his first visit to the Baltic region since his country went to war with Russia in August.

Baltic and central European nations gave Saakashvili strong backing during that war and will be heavily represented at the conference. Saakashvili will appear with Latvian President Valdis Zatlers, Estonian President Toomas Hendrik Ilves and Ukrainian President Viktor Yushchenko during a November 1 debate titled "A vision of Europe, whole and free."

Vodafone Enters Into Partnership With Russia's MTS

Vodafone Enters Into Partnership With Russia's MTSBritish telecom firm Vodafone has clinched a strategic partnership with Russia-based Mobile TeleSystems (MTS) OJSC, which includes collaboration on future technological developments.

According to the sources, the non-equity partnership agreement has been signed to offer clientele with high quality communication services.

The pact would also offer Mobile TeleSystems (MTS) access to products, services and devices from Vodafone for its markets of operation in Russia, Ukraine, Uzbekistan, Turkmenistan and Armenia.

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