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RUSSIA * The Varyag, a Russian Slava-class missile cruiser dubbed 'the killer of aircraft carriers,' started a series of live-firing exercises in the... 26.05.2008, Sputnik International

2008-05-26T18:03+0000

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Main news of May 26

18:03 GMT 26.05.2008

RUSSIA

* The Varyag, a Russian Slava-class missile cruiser dubbed 'the killer of aircraft carriers,' started a series of live-firing exercises in the Pacific for the first time since a recent overhaul, a fleet spokesman said

* Russia's government approved a bill to cut taxes for oil companies from 2009, a deputy finance minister said

* Russia's Forestry Agency launched suits against media publications who reported on illegal auctions to lease forests, a lawyer for the agency said

* An An-12 cargo plane crashed near the Urals city of Chelyabinsk killing all nine crewmembers, a spokesman for the Russian emergencies ministry said

* Russian environmental activists called for a freeze on the development of part of the Far Eastern shelf by oil company Rosneft, a WWF Russia spokesman said

* An explosive device planted under a car belonging to a top official from Daghestan's finance ministry went off in Makhachkala, the republic's capital, a police source said

* Russia's Federal Security Service (FSB) launched a criminal case against a deputy interior minister in Russia's northwest Komi Republic accused with divulging state secrets

WORLD

* Georgian President Mikheil Saakashvili said a UN report saying Russia shot down a Georgian reconnaissance plane in a rebel region last month shows Moscow committed an act of aggression

* Members of Georgia's Central Election Commission representing the opposition walked out of a scheduled meeting in protest against alleged rigging of the parliamentary election's results

* About 20,000 Georgian opposition supporters protesting against the results of the recent parliamentary election ended their rally, but vowed to block the new parliament's first session on June 10

* An An-2 Colt light cargo plane crashed in northern Ukraine killing the pilot, the country's emergencies ministry said

* NASA's Phoenix space probe successfully touched down on Mars as part of a 90-day mission examining whether the red planet's subterranean ice could have once sustained life

BUSINESS

* Russia delivered the first batch of nuclear fuel to India for the country's Kudankulam nuclear power plant, the Nuclear Power Corporation of India Ltd. said

* Standard & Poor's said that it had raised its long-term corporate credit rating on Russian state-controlled oil company Rosneft to BBB- from BB+, boosting the company to the investment-grade level

* The Central Bank of Russia decided to raise from July 1 the reserve requirements for credit institutions by 0.5-1.5% in a bid to stem inflation, the CBR said