Russia Warns On Default Aftermath As Sweden Girds For Disruption

He has good contacts with the (domestic) clubs and I think he can be used more,” Russia’s Sports Minister Vitaly Mutko told the R-Sport news agency. “I know that it (a new contract with Capello) has practically been agreed. And in any case I would support it,” he added. Russia will in Brazil take part in a World Cup finals for the first time in 12 years, a huge boost for the country whose failure to reach the finals in 2006 and 2010 was seen as a national humiliation. Capello took over the Russian national squad in 2012 following the resignation of Dutchman Dick Advocaat who quit after Russia’s humiliating first round exit at Euro 2012. Mutko told the Sport Express daily earlier this week that Russia’s Football Union (RFU) should sign a new contract with Capello as soon as possible. “All the details of the new contract with Capello have already been finalised,” Mutko was quoted as saying. “The RFU chiefs should get a move on and sign it. We should clarify Capello’s future before the 2014 World Cup.” Meanwhile, RFU president Nikolai Tolstykh also said that the signing of a new contract with Capello was one of the priorities of the country’s football ruling body. “Capello’s new contract is without doubt one of our top priorities,” Tolstykh told the R-Sport. “The work is going on at full swing.” The 67-year-old Capello, who refused to talk about his future plans before the end of the 2014 World Cup qualifying campaign, meanwhile has indirectly confirmed his intention to stay at the helm of Russia’s national side until the end of the 2018 World Cup.

Russian IT exports are approaching $5 billion this year, Deputy Minister Mark Shmulevich said in an interview in Moscow. Its a meaningful figure, compared with the countrys arms export of about $15 billion, he said. It shows that Russia has competitive IT products to offer. Russia plans to help its domestic IT companies compete with global technology companies such as Google Inc., Facebook Inc. and Microsoft Corp. (MSFT) , which are expanding in the country, the strategy shows. Search engine Yandex NV (YNDX) and social-networks operator Mail.ru Group Ltd. (MAIL) already dominate the Russian market, beating foreign rivals. Russia has several Internet giants which are mid-sized companies on the global scale, while other market participants are much smaller, Shmulevich said. Thats why for a breakthrough technology startup its often easier to find investors abroad. We plan to change this. The Telecommunications Ministry will support joint projects by Russian scientific institutes and local IT companies to develop technologies such as speech and video-image recognition, robotics, cyber-security and cloud services, the strategy shows. We realize that IT is a global industry, and we dont plan to ban anything foreign, Shmulevich said.

In an English-language commentary published Oct. 13, Liu Chang, a writer with Chinas official Xinhua News Agency, called for a new international reserve currency to replace the dollar so that the international community could permanently stay away from the spillover of the intensifying domestic political turmoil in the U.S. Completely Insane As it is an enormous advantage to be a reserve currency it seems completely insane to even contemplate creating insecurity around that status, Borg said. China is the biggest foreign holder of Treasuries, with $1.28 trillion at the end of July. Russia, which as accumulated the worlds fourth-largest international reserves, has reduced its holdings of U.S. government debt by 25 percent from a record high on Oct. 31, 2010, to $131.6 billion in July, according to data compiled by Bloomberg. Weve never been in an equivalent situation before and its therefore very difficult to judge what impact it will have, Borg said in an interview with state broadcaster SVT. Its essentially about fear and psychological factors. Rates on Treasury bills due tomorrow surged 12 basis points, or 0.12 percentage point, yesterday to 0.32 percent as investors fret over the risk of non-payment. Diversifying Reserves While Russia s central bank isnt currently reducing its investments in Treasuries, it will consider a wider range of securities for its reserve holdings, central bank First Deputy Chairman Ksenia Yudaeva told reporters today in Moscow. Bank Rossii, which has added Canadian and Australian dollars to its currency allocation, raised the U.S. dollars share to 45.8 percent as of Jan.

Brazil to ask Russia for permission to question Edward Snowden

11, 2013, former National Security Agency systems analyst Edward Snowden speaks during a presentation ceremony for the Sam Adams Award in Moscow, Russia. Snowden was awarded the Sam Adams Award, according to videos released by the organization WikiLeaks. The award ceremony was attended by three previous recipients. (AP Photo)The Associated Press In this image made from video released by WikiLeaks on Friday, Oct. 11, 2013, former National Security Agency systems analyst Edward Snowden speaks during a presentation ceremony for the Sam Adams Award in Moscow, Russia. Snowden was awarded the Sam Adams Award, according to videos released by the organization WikiLeaks. The award ceremony was attended by three previous recipients. (AP Photo)The Associated Press In this image made from video released by WikiLeaks on Friday, Oct. 11, 2013, former National Security Agency systems analyst Edward Snowden smiles during a presentation ceremony for the Sam Adams Award in Moscow, Russia. Snowden was awarded the Sam Adams Award, according to videos released by the organization WikiLeaks. The award ceremony was attended by three previous recipients. Snowden, who is charged by a U.S.