
Russia needs fewer universities - Medvedev
The quality of education in Russia has deteriorated, and the country needs to cut the number of universities and colleges, President Dmitry Medvedev said.

The quality of education in Russia has deteriorated, and the country needs to cut the number of universities and colleges, President Dmitry Medvedev said.

Russia will not support a U.S. initiative to limit current account balances to four percent of gross domestic product (GDP), a Russian delegation source at the G20 summit said on Thursday.

China is interested in developing Russian language as a school subject, Russia`s deputy Education Minister said on Wednesday.

The Russian government has commissioned the renewal of the "Caspian Sea Monster," the legendary ground effect vehicle (GEV). Only 30 such crafts were built in the Soviet Union over two decades.

A St. Petersburg palace that once belonged to Grand Duke Mikhail Mikhailovich of Russia will be put up for auction on Wednesday with the initial price of 700 million rubles ($22.7 million), the St. Petersburg Property Fund said on its website.

They are ex-mayor Yury Luzhkov▓s sworn enemies: three Russian activists who have for years fought for gay rights in Russia.

A former CIA agent serving a 23-year prison term in the United States for spying for Russia has confessed that he has been maintaining contacts with Moscow, BBC Russia said on Tuesday.

The United States has called a recent attack on a Russian journalist "a heinous crime" and urged Russian authorities to find and punish the assailants.

Russian Prime Minister Vladimir Putin will on Monday visit the village of Verkhnyaya Vereya destroyed, by this summer`s wildfires, to inspect the construction of houses.

The living conditions on the Kuril Islands will someday be like those in central Russia, President Dmitry Medvedev said Monday.

Corruption costs Russia the equivalent of 2.9% of its GDP every year, a presidential aide has said, the Kommersant daily reported on Monday.

The Sapsan high-speed train launched by Russian rail monopoly Russian Railways (RZhD) less than twelve months ago has proved to be the monopoly`s sole profitable enterprise in the passenger transport sector, with its profit margin hitting 30 percent, RZhD President Vladimir Yakunin said on Tuesday.

French President Nicolas Sarkozy may have defeated the protesters who took to the streets against his controversial pension reforms, but his victory has likely cost him reelection in 2012, proving yet again that you can win the battle but lose the war.

Russian Prime Minister Vladimir Putin has proposed allocating additional funds to agricultural producers to buy fertilizers and carry out spring sowing.

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The holiday season is well underway at a shopping center in the Chinese city of Yiwu. Garlands, toys and jolly old men dressed in red are on display in almost all its 60,000 stalls. The complex, which is very similar to Russian shopping centers, is famous for its size - it covers more than four million square meters. Walking through the entire shopping center, and stopping at each stall for at least three minutes, would take a whole year.

Poland will begin on Friday a trial of a Russian citizen who was arrested last year on espionage charges, a Warsaw district court official said.

The repatriation of sailors from a Russian expedition vessel detained in the Canadian port of St. John`s over debts has been postponed for at least a week, an International Transport Workers Federation (ITF) official has said.

All wildfires that have broken out in Russia`s Far East in the past 24 hours have been put out, the local emergencies ministry`s press service said on Wednesday.

Moscow, Russia (18 October, 2010) - TNK-BP and BP p.l.c. announced today that they have reached an agreement for TNK-BP to acquire BP`s upstream and pipeline assets in Vietnam and Venezuela for an overall price of $US 1.8 billion.

Russian President Dmitry Medvedev will on Wednesday hold a video conference with top regional officials on work to address the consequences of fires that raged across the country in summer.

Rescuers in Russia`s southern Krasnodar Territory continue to search for the nine people still missing after flash floods on Saturday, which killed at least 13 people, a local emergency services spokesman said.

Russian President Dmitry Medvedev will meet with the leaders of France and Germany on Monday to discuss, among other things, European security and the Russia-EU visa regime.

Monday was declared a day of morning in the Krasnodar region`s Tuapse district, worst affected by flash floods in which at least 13 people were killed.

Lenta proper corporate governance procedures were restored at Lenta today following the successful meeting of the Board of Directors. This is the first time the Board has been able to meet in 6 months, allowing the board to reinforce its commitment to further promote Lenta business development.