- Sputnik International
The latest news and stories from Russia. Stay tuned for updates and breaking news on defense, politics, economy and more.

Morning re-cap of main news, January 27

* President Vladimir Putin said he is confident the summit of Pacific Rim countries that may be held in Vladivostok in 2012 will help jumpstart investment in Russia's Far East region

* The decision to hold the 2012 summit of Pacific Rim countries in Vladivostok may be made this coming fall in Australia, Russia's foreign minister said

* Russia may become the world's largest oil producer in the very near future, the Russian First Deputy Prime Minister Dmitry Medvedev said

* There will be no more free natural gas for anyone, Dmitry Medvedev said

* Russia expects the United States to explain its growing military presence in the Middle East, Sergei Lavrov said

* Moscow's reaction to the Estonian law on war memorials should be tough but should exclude sanctions against the Baltic state, Russia's foreign minister said

* A bill giving foreign investors access to strategic sectors of Russia's economy will go before parliament in the very near future, the first deputy prime minister said

* Rosneft [RTS: ROSN] plans to develop its oil refining capacities, above all in Russia's eastern parts, and move into the Asian market, the company president said

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