Russia

Medvedev: US, Russia must clear "toxic assets" from relations

Medvedev: US, Russia must clear "toxic assets" from relations Moscow - Russia and the United States need to clear "toxic assets" souring their relations and work together on key global issues, Russian President Dmitry Medvedev said on Tuesday in an article in the Washington Post.

Neither country can afford to tolerate "drift and indifference" to perpetuate their ties, the Kremlin leaders said.

US will disintegrate into six blocs by 2010: Russian academic

US will disintegrate into six blocs by 2010: Russian academicMoscow, Mar. 31 : A Russian academic has predicted that the United States will disintegrate into six blocs by the summer of 2010, and warned that world leaders attending the second G-20 Summit in London will not be able to reverse the global recession or halt the inevitable collapse of the US economy.

In his interview with Sky News, Professor Igor Panarin said he came up with his grim forecast back in 1998 while analyzing the parallels between the Soviet Union in its final years and the current situation in the US.

Kremlin is loosing its grip on renegade Moldovan province

Kremlin is loosing its grip on renegade Moldovan provinceMoscow  - Two weeks ahead of critical polls in Moldova, Moscow invited the country's outgoing president and his separatist rival for what seemed less a chat in the principle's office than a candy-for-promises routine.

It was no mean feat uniting the two, who have met just once in almost eight years, to discuss their decades-long dispute.

Russia pulled all its weight to orchestrate the meeting intent on restore its image abroad as an honest broker in the post-Soviet space after its military push into Georgia in August, analysts said.

Putin pledges over 20 billion rubles to automotive giant AvtoVAZ

Putin pledges over 20 billion rubles to automotive giant AvtoVAZ Moscow/Tolyatti, Russia - Russia will allocate over 20 billion rubles (589 million dollars) to support the country's largest automaker AvtoVAZ, Prime Minister Vladimir Putin said Monday.

He said the funds should allow the company to attract another 90 billion rubles (6.64 billion dollars).

Putin was shown on state television dressed casually in a black sweater and suit addressing workers at AvtoVAZ's Volga river manufacturing base in Tolyatti, about 750 kilometres east of Moscow.

Austria's OMV sells stake in Hungarian oil and gas group MOL

Austria's OMV sells stake in Hungarian oil and gas group MOL Vienna  - Austria's leading oil and gas group OMV AG announced Monday it has ended its involvement with Hungarian counterpart MOL plc by selling its 21.2-per-cent stake to the Russian company Surgutneftegas OJSC.

The shares were sold for 1.4 billion euros (1.86 billion dollars), OMV said in a statement, calling the deal a "logical step" after the company ended its unsuccessful bid to take over MOL last August.

ROUNDUP: Svendsen denies Bjoerndalen, win for Neuner

Svendsen denies Bjoerndalen, win for Neuner Khanty-Mansiysk, Russia  - Ole Einar Bjoerndalen narrowly missed out on a 90th World Cup win Saturday when he was pipped to victory by fellow Norwegian Emil Hegle Svendsen in a 12.5-kilometre pursuit race in Khanty-Mansiysk.

In the women's 10km race, six-time world champion Magdalena Neuner of Germany took the honours, leaving the battle for the overall World Cup to be decided between Kati Wilhelm of Germany and Sweden's Helena Jonsson in Sunday's mass start event.

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