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. Last Updated: 07/27/2016

11/10/2008

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Nuclear Submarine Accident Kills 20

An accident with a fire-extinguishing system on a Russian Navy nuclear submarine killed 20 people during tests at sea in the Pacific late Saturday night, Navy officials said.

Putin Sets Sights on The Real Economy

Prime Minister Vladimir Putin has signed off on a program to help the Russian economy battle the global financial crisis as part of a promised shift of focus from the banking sector and stock exchanges to the country’s real economic sector.

Kremlin Signals Intent To Wait for Bush to Go

Combined Reports
Moscow signaled over the weekend that relations with Washington will come to a virtual standstill until President-elect Barack Obama assumes office in January, rejecting new U.S. proposals on missile defense and nuclear arms reduction.

Medvedev Warms Up At GM Plant Opening

After including a chilly, anti-American message in his state-of-the-nation address Wednesday, President Dmitry Medvedev was on hand to offer a warm welcome Friday as U.S. automaker General Motors officially opened a new plant in St. Petersburg.

Sechin Lands Raft of Deals in Caracas

Combined Reports
Venezuela and Russia agreed Saturday to form a $4 billion joint bank to pay for development projects, the day after inaugurating the first Venezuelan-Russian offshore natural gas project.

Election Ardor Feeds Market Hangover

Victory is sweet -- but short. As Cabinet officials from Finance Minister Alexei Kudrin to First Deputy Prime Minister Igor Shuvalov expressed hope that a Barack Obama win might be a first step forward for global markets, U.S. and international stock exchanges thought differently.

Police Get Orders to Crush Crisis Unrest

Reuters
President Dmitry Medvedev ordered police on Friday to stamp out any social unrest or crime arising from the global financial crisis.

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