| May 2008 |
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Dmitry Medvedev was inaugurated as Russia's third president on Wednesday in a glittering ceremony at the Grand Kremlin Palace in front of some 2,400 guests as Vladimir Putin stepped down after eight years as head of state. 
Russia's law on foreign investment in strategic industries, clarifying the rules of investing in Russia, came into effect on Wednesday. 
The inauguration of Dmitry Medvedev as Russia's third president is to be broadcast live on the Internet on Wednesday, under a deal between the Russian state-owned VGTRK television and radio company and the Microsoft Corporation, the companies said in a joint press release. 



