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Putin to reduce defence spending in fourth term

Putin to reduce defence spending in fourth term

World
Vladimir Putin has called for political unity as he starts his fourth term as president of Russia. After winning a landslide of 77% of the vote, Mr Putin called for his opponents to come together to focus on domestic issues and pledged to reduce the amount of money spent on the military.Mr Putin said Russia has spent enough over the last few years on new weapons to avoid excessive pressure on the economy in the future and so he could now reduce defence spending.Setting out his stall ahead of his fourth term in charge, he vowed not to engage in an arms race, saying: "There is no intention to speed up some kind of arms race, and just the opposite, we will develop constructive relations with all the countries of the world."We want and call for our partners to have a constructive dialogue, but...
Putin is president again with 77% of votes

Putin is president again with 77% of votes

World
Vladimir Putin has swept to a landslide victory to secure a fourth term as Russian President, keeping him in power for six more years.In a widely expected win, Mr Putin secured more than 76.66% of the vote and a turnout of 67.47%, the Central Election Commission said.The result came amid allegations of election violations, including ballot-box stuffing and forced voting.Addressing a crowd near Moscow's Red Square, Mr Putin said his victory was a vote of confidence in his achievements.Image:Mr Putin has dismissed claims Russia is behind the Salisbury poisoning as 'nonsense'"It's very important to maintain this unity," he said."We will think about the future of our great Motherland," he said, before leading the crowd in repeated chants of "Russia!"Asked later if he could seek the presidency ...
Putin easily wins fourth term as Russia's president, early results show

Putin easily wins fourth term as Russia's president, early results show

World
Vladimir Putin headed to an overwhelming win in Russia's presidential election Sunday, adding six years in the Kremlin for the man who has led the world's largest country for all of the 21st century. The vote was tainted by widespread reports of ballot-box stuffing and forced voting, but the complaints will likely do little to undermine Putin. His popularity remains high despite his suppression of dissent and reproach from the West over Russia's increasingly aggressive stance in world affairs and alleged interference in the 2016 U.S. election. Putin's main challenge in the election was to obtain a huge margin of victory in order to claim an indisputable mandate. With ballots counted from 60 percent of the vast country's precincts, Putin won more than 75 percent of the vote, the Central Ele...
Report: Joint Korean projects on mines could generate 90,000 jobs

Report: Joint Korean projects on mines could generate 90,000 jobs

World
SEOUL, March 18 (UPI) -- A joint inter-Korean development of major mines in North Korea to create more than 90,000 jobs a year, according to a Seoul-based think tank.On Sunday, a report issued by the North Korea Resource Institute showed there's potential to launch development projects on 74 mines located in the North, creating 91,310 new jobs including 18,500 for South Koreans.Such commercial projects could significantly boost supply for coal, ore and other mineral resources, especially for South Korea which currently produces only 2.8 percent of the minerals it needs, KBS reported.The joint development would require some $ 11.5 billion in investment, with yearly sales and operating profit projected at $ 10.6 billion and $ 3.2 billion respectively.However, the estimated figures are based ...
Russia expels 23 UK diplomats in tit-for-tat over spy's poisoning

Russia expels 23 UK diplomats in tit-for-tat over spy's poisoning

World
Russia expelled 23 British diplomats on Saturday in a tit-for-tat response to the U.K.’s expulsion of 23 Russian embassy staff over the nerve-agent attack in England last week. Russia’s foreign ministry said in a statement it had summoned U.K. ambassador Laurie Bristow to inform him that the 23 diplomats were now "persona non grata" and had a week to leave. The ministry announced it was also closing the British consulate in Saint Petersburg and withdrawing the right of the British Council, a body that promotes British culture and language, to operate in Russia. The Russian foreign ministry said it was taking the measures in response to what it called the U.K.’s “provocative actions and unfounded accusations” over the poisoning case. The expulsion marks the latest turn in a confrontatio