The Russian model – Do Russia and China provide an alternative to liberal democracy?

The current political systems in Russia and China have been called authoritarian capitalism. If that assertion is fair, is this type of government a viable rival for liberal democracy?

// Oct. 09, 2007 - 05:01 GMT


Blue diamond smashes world record

HONG KONG, October 9 (RIA Novosti) – A flawless 6.04 carat blue diamond has sold for $7.98 million at a Sotheby's auction in Hong Kong, making it the world's most expensive precious gemstone per carat.

// Oct. 09, 2007 - 05:08 GMT


Japan takes decision to extend sanctions against North Korea

TOKYO, October 9 (RIA Novosti) – Japan's Cabinet approved on Tuesday the extension of economic sanctions against North Korea for another six months over the lack of progress in the issue of the abduction of Japanese nationals.

// Oct. 09, 2007 - 05:48 GMT


Faulty cable blamed for September's Baikonur crash

ASTANA, October 9 (RIA Novosti) – A damaged control cable caused a second stage separation failure during the launch of a Proton-M carrier rocket in Kazakhstan, the head of the Russian space agency said on Tuesday.

// Oct. 09, 2007 - 06:03 GMT


Putin, Sarkozy set to boost economic ties

MOSCOW, October 9 (RIA Novosti) – Russian President Vladimir Putin and French President Nicolas Sarkozy are due to hold talks in a bid to boost bilateral economic ties during the French leader's two-day visit to Moscow, the Kremlin said on Tuesday.

// Oct. 09, 2007 - 06:21 GMT


RUXX investment index set to open 0.42% up

MOSCOW, October 9 (RIA Novosti) – Russia's investment index will open Tuesday at 858.67 points, up 0.42% following Monday evening's sessions on major world trading floors.

// Oct. 09, 2007 - 06:34 GMT


Georgian ex-defense minister released on $6 mln bail

TBILISI, October 9 (RIA Novosti) – Georgian ex-defense minister Irakly Okruashvili has been released from a Tbilisi prison after posting bail of $6 mln, a spokesman for the Prosecutor General's office said on Tuesday.

// Oct. 09, 2007 - 06:36 GMT


Banks' correspondent accounts with CBR decline 9%

MOSCOW, October 9 (RIA Novosti) – Credit institutions' balances on correspondent accounts with the Russian Central Bank totaled 479.5 billion rubles ($19.1 billion at the current exchange rates) at the beginning of the business day, down 9% from Monday, the CBR said Tuesday.

// Oct. 09, 2007 - 06:50 GMT


Two militants killed after siege in Daghestan

MAKHACHKALA, October 9 (RIA Novosti) – Two members of an illegal armed group have been eliminated in a special operation in Makhachkala, the capital of Daghestan, the republic's interior minister said on Tuesday.

// Oct. 09, 2007 - 07:02 GMT


Russia to cut time to consider foreign bids for strategic assets

MOSCOW, October 9 (RIA Novosti) – Russia could cut by half the term for considering foreign bids for strategic assets and simplify application requirements, the Russian Industry and Energy Ministry said on Tuesday.

// Oct. 09, 2007 - 07:39 GMT