01/13/2012
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The Dec. 4 State Duma elections failed to meet democratic standards and were fraught with violations.
Capital outflows totaled $84.2 billion last year according to data released by the Central Bank on Wednesday, the second-highest figure since 1994 and a big jump from the $33.6 billion that exited Russia in 2010.
Prime Minister Vladimir Putin proposed a radical rollback of his own social and fiscal policies in a draft of his presidential program, which touts economic modernization and strengthening rule of law.
President Dmitry Medvedev ordered First Deputy Prime Minister Viktor Zubkov to create and head a task force to fight financial crime, including money-laundering and tax evasion.
State officials misspent more than 718 billion rubles ($22.7 billion) from the federal budget last year, the record amount in a decade.
Prime Minister Vladimir Putin on Thursday threatened to oust governors of regions where utility tariffs have skyrocketed this year if he wins the presidential election in March.
Russia's new car market will rise to 4 million in annual sales by the middle years of the current decade.
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Issue 4801
Utilities workers cleaning up snow downtown Thursday in view of the Pushkin monument. Forecasters say snow will change to rain over the weekend.
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