Word: medvedevs
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...maiden address to the Russian Parliament, President Dmitri Medvedev blamed the United States for Moscow's war with Georgia and for the world financial crisis. Washington, Medvedev said, was threatening Russia's security with the creation of a missile defense system and new NATO military bases around Russia's western and southern flanks. "We have gotten the clear impression that they are testing our strength," Medvedev said in his speech, which was made on the day U.S. voters elected Barack Obama president, and which at times recalled Soviet era rhetoric. (See pictures of the world reacting to Obama...
...response, Medvedev said that Moscow had canceled the long planned dismantling of the Kozelsk ICBM Division and would deploy short-range Iskander missiles and electronic jamming systems in Kaliningrad, a Russian enclave sandwiched between Poland and Lithuania. (See pictures of Moscow...
...Since Medvedev and his calculating predecessor-turned-Prime Minister Vladimir Putin intervened in Georgia in August, relations between Moscow and the United States and European Union have been frosty. Though many hawks argue the Western powers were not forceful enough, Russia has paid for its bellicosity with capital flight. According to Finance Minister Alexei Kudrin, the country has lost between $10 and $15 billion of foreign direct investment and its stock market is down close to 50 percent this year. Despite the global financial crisis affecting all markets, a considerable part of such downturns for energy-rich Russia...
Still, as late as last month, Medvedev continued Putin's line, telling the country's security council that it was imperative that Russia immediately begin marking its claims in the Arctic. Medvedev described the region as "strategically important" and crucial to Russia's economic future...
That is why the Arctic looks so enticing. Energy experts say the Arctic's continental shelf may contain up to a quarter of the world's undiscovered oil and natural gas. "The use of these energy reserves is a safeguard for Russia's energy security," Russian President Dmitri Medvedev said. "It is our duty to our descendants. We have to ensure the long-term national interests of Russia in the Arctic." Thus, the $5.4 billion - under terms more favorable than Moscow has extended to recapitalize one of its own major banks - seems a modest price to pay. Even if ordinary...