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Main news of October 26

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RUSSIA * The Russian government is drafting new measures to fight the credit crunch amid the ongoing global financial crisis, First Deputy Chairman Igor... 26.10.2008, Sputnik International

2008-10-26T15:55+0000

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Main news of October 26

15:55 GMT 26.10.2008

RUSSIA

* The Russian government is drafting new measures to fight the credit crunch amid the ongoing global financial crisis, First Deputy Chairman Igor Shuvalov said

* The Russian government must cut budget spending and control foreign borrowings of state companies amid global financial woes and falling oil prices, former prime minister Yegor Gaidar said

* A missile frigate from Russia's Baltic Fleet arrived at the port of Aden in Yemen on its way to join an international naval group fighting piracy off the coast of Somalia, the Russian Navy said

* An official ceremony was held in the Russian capital to commemorate the victims of the Moscow Dubrovka theater siege six years ago

* Four people have died and one person has been injured after a helicopter crashed near the capital of Russia's Volga Republic of Tatarstan, the regional emergencies center said

WORLD

* Vietnamese President Nguyen Minh Triet has left for Moscow on an official four-day visit to Russia at the invitation of Russian President Dmitry Medvedev, Vietnam's Foreign Ministry said

* Britain's Business Secretary Peter Mandelson began a visit to Moscow to discuss measures to fight the global financial crisis and broader trade with Russia, the U.K. Department for Business, Enterprise and Regulatory Reform said

* Israeli ruling party leader Tzipi Livni said in an interview with Israeli newspaper Haaretz that she intended to call for an early parliamentary election, following her failure to form a new coalition

* Spanish police have busted an international heroin trafficking ring, arresting 11 persons and seizing 32.5 kilograms of drugs, Spain's national radio announced