Russia

EU faces tough talks on Russia, Belarus

Belarus MapBrussels - The European Union's foreign ministers face tough talks on Monday when they meet in Luxembourg to debate whether or not to push for closer ties with Russia and Belarus.

OSCE welcomes Russian withdrawal from Georgian buffer zones

GeorgiaHelsinki - The Organization for Security and Cooperation in Europe (OSCE) on Thursday welcomed Russia's withdrawal from buffer zones set up near the separatist province of South Ossetia in Georgia, Finnish Foreign Minister Alexander Stubb said.

Finland currently holds the chair of the 56-nation organization.

OSCE military observers had "observed the withdrawal," Stubb said in a statement.

OSCE observers, however, reported that Russian troops have not withdrawn from the Alkhagori area, he added.

NATO says Russia "fully informed" of UN deal

NATOBudapest - NATO on Thursday said Russia had been fully informed about a cooperation agreement signed in late September by the alliance and the United Nations.

"We briefed the Russians on a regular basis on this. Everybody in the UN knew. We don't understand their concern at this stage," NATO spokesman James Appathurai told reporters on the sidelines of a NATO defence ministers' meeting in Budapest.

Russian news agency Itar-Tass quoted Russian Defence Minister Sergei Lavrov as expressing "surprise" at what was being described by the Russian media as "a secret deal".

Russia: Control over Georgian buffer zones now in EU's hands

Russia to send warships, planes to VenezuelaMoscow- Russia said on Thursday it had handed over control in the buffer zones around Georgia's rebel regions to an EU observer mission as France's foreign minister was due in Georgia to verify the pull out.

Russia denies plans to sell high-grade missiles to Iran

Russia denies plans to sell high-grade missiles to Iran Moscow  - Russia denied it has plans to sell state-of-the-art missile systems to Iran, a Foreign Ministry spokesman said Thursday, in response to questions about Israeli security concerns.

"We have repeatedly declared at the highest political level that we are not going to deliver those kinds of arms into the countries which are in, to put it mildly, unstable areas," Andrei Nesterenko told journalists at a briefing in Moscow Thursday.

Moscow's bourses rebound after reopening

Moscow  - Russia's two leading exchanges rebounded at the start of trading Thursday after a week of staggering losses in Russia's worst financial crisis since the national debt default of 1998.

The benchmark RTS rose 11.93 per cent to 852.22 points by mid- morning, while the ruble-denominated MICEX index scaled more than 14 per cent.

Russia's second-largest oil firm Lukoil led the climb in share prices on the MICEX with a 21.13-per-cent increase, while state monopoly Gazprom gained 11.36 per cent.

A day earlier, market watchdogs had promised to close the MICEX exchange until Friday and the RTS indefinitely as shares toppled. Trading has been halted 11 times in the last three weeks.

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