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Main news of November 15

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RUSSIA * Russian President Dmitry Medvedev called on Saturday for the reorganization of the global financial system, including the establishment of an... 15.11.2008, Sputnik International

2008-11-15T23:16+0000

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Main news of November 15

23:16 GMT 15.11.2008

RUSSIA

* Russian President Dmitry Medvedev called on Saturday for the reorganization of the global financial system, including the establishment of an international regulatory commission, a presidential aide said

* No one was killed or injured in a large fire at an industrial complex in north Moscow, a spokesman for the Emergency Situations Ministry's Moscow department said

* Russia's Union of Right Forces, which is participating in a project to establish a new rightist political group, decided Saturday at an extraordinary party congress to dissolve itself

* Talks due to start in Geneva on Tuesday on the recent Russia-Georgia conflict must "concentrate on essential security issues" in the region, Russian Foreign Minister Sergei Lavrov said

* A Lenin statue was blown up in the early hours of Saturday in the central Russian city of Ryazan, a police source has told RIA Novosti

WORLD

* Russia will respond to the U.S. missile defense plans for Europe if the U.S. steps are unacceptable for Moscow, President Dmitry Medvedev said

* The participants of the G20 summit in Washington have vowed to restore global economic growth

* About 60 people were killed and dozens injured on Saturday in a road accident near Burkina Faso's capital, Ouagadougou, local media reported

* Abkhazian border guards killed one and injured three "Georgian saboteurs" on Saturday in a shootout in the Gali district of the rebel republic, an Abkhazian presidential representative said on Ekho Moskvy radio

* As U.S. President George Bush hosted world leaders in Washington, President-elect Barack Obama praised his predecessor for calling the meeting to seek a global solution to a global problem

* Russian President Dmitry Medvedev said Saturday he was hopeful the G20 summit in Washington on the world financial crisis would be a success

* U.S. President George Bush hosted on Saturday a meeting with more than 20 world leaders to discuss the global financial crisis

* Three Russians have died in a plane crash in Iraq, the Russian Foreign Ministry said

* Poland and the Czech Republic hope that the new U.S. administration does not change its plans for a missile shield in Central Europe, the Euronews television channel reported

* Former Georgian president and Soviet foreign minister Eduard Shevardnadze has told the Euronews TV channel that Tbilisi was wrong to cut diplomatic ties with Moscow after the conflict over South Ossetia

* Russian Foreign Minister Sergei Lavrov has said that Moscow is "confident" the U.S. president-elect will look into the effectiveness of the Bush administration's plans for a Central European missile shield

* Venezuelan President Hugo Chavez has announced plans to hold an alternative summit on the global financial crisis to counter the meeting of world leaders currently taking place in Washington

* The U.S. space shuttle Endeavour has successfully blasted off on a 15-day mission to the International Space Station (ISS) that will see a number of "home improvements" made to the orbiting platform

* World leaders have gathered in Washington for a crisis summit on ways to tackle the ongoing financial crisis, as well as measures to reform the global economic system

BUSINESS

* The two-day G20 economic summit that has ended in Washington will become a step toward the establishment of a new global financial system, the Russian president said

* Russian President Dmitry Medvedev can look around the summit table on Saturday knowing his government has less debt than any other G20 country, according to the Guardian newspaper

* Russia could soon join the Financial Stability Forum uniting representatives of national finance ministries, central banks and international financial institutions, a source in the Russian delegation to the G20 summit said

* Russia could reduce oil export duty by 33% to $192.1 per ton from December 1, the Russian Finance Ministry said