The Medvedev Surrogacy

(Newser) - A dozen years after bailing out the Soviet government, Russia’s oligarchs are seeking $78 billion in Kremlin handouts to weather the credit crunch, Bloomberg reports. Russian businesses have racked up some $110 billion in foreign debt due in 2009. The one-year loans, sought by more than 100 companies, would likely shift control of some industries back to the state. More »

(Newser) - Russian Prime Minister Vladimir Putin said the "positive signals" coming from Barack Obama's camp could lead to warmer relations between the two countries, Reuters reports. “If these are not just words, if they get transformed into a practical policy, then of course our reaction will be adequate and our American partners will feel this at once,” said Putin, in a marked contrast to heated rhetoric during the Georgia crisis. More »

(Newser) - Russian president Dmitry Medvedev is in Cuba strengthening ties with the Castro regime and attempting to broaden Russia's influence in Latin America, the BBC reports. Medvedev arrived in Havana yesterday from Venezuela where he and Hugo Chavez signed deals promoting nuclear energy and developing closer military ties. Russia is expected to sign an agreement with Castro to explore Cuban waters for oil. More »

(Newser) - President Dmitry Medvedev is signaling that Russia and the US could have a less contentious relationship under Barack Obama, and Obama should heed the call, Pat Buchanan writes in the American Conservative . “Russia does not want the Cold War II that the departing neocons wish to leave on his plate,” Buchanan writes of Obama, and two recent acts by Medvedev bear this out. More »

(Newser) - A grassroots effort to pardon a convicted lawyer could allow Russian President Dmitry Medvedev to bolster the liberal image he's worked to create, but to issue the reprieve he must stand up to Vladimir Putin. Svetlana Bakhmina was arrested during one of Putin’s crackdowns on corruption at state oil company Yukos, and her case has drawn nationwide coverage, reports the Washington Post . More »

(Newser) - Russia’s president believes Barack Obama’s presidency “will act to overcome problems which have accumulated” between his country and the US, he said in Washington. “We have great aspirations” for Obama’s White House, Dmitry Medvedev added. Former secretary of state Madeleine Albright, who moderated the meeting, agreed, citing a “huge opportunity” for relations under the two new, young leaders, the Wall Street Journal reports. More »