India proposed to JSC PA Sevmash to increase the warranty period for servicing the aircraft carrier Vikramaditya to 40 years, the press service of the Russian company reported following a meeting at the Joint Headquarters of the Indian Navy in New Delhi. Photo: ITAR-TASS “Under the contract, the ship’s service life is 20 years, but the Indian side is confident that this period can be increased to 40 years.

Foreigners who come to Russia in search of work "should not turn into slaves", their rights must be defended, said Irina Yarovaya, chairman of the State Duma Committee on Security and Countering Corruption. Photo: ITAR-TASS “It is necessary to do so that employers are interested in legal labor migrants. It is necessary to develop conscientious competition among migrants. For this, it is necessary to clearly indicate their status.

Russian Prime Minister Dmitry Medvedev recommended the adoption of a new Corporate Governance Code, presented today at a government meeting by the head of the Central Bank, Elvira Nabiullina. Photo: ITAR-TASS "The Code must be adopted. It is a model of behavior, it is of a recommendatory nature, we propose and promote this model. Many problems in the field of corporate governance that are relevant for our companies have already been resolved in world practice.

Russian figure skater Evgeni Plushenko withdrew from the individual tournament at the Sochi Olympics due to worsening injury. The decision was made right before the skater’s performance. Photo: RIA Novosti Plushenko went out to warm up this evening and was ready to take part in the competition. However, during the warm-up, after completing a number of elements, he felt pain in his back. A year ago, Plushenko underwent spinal surgery.

Italian Prime Minister Enrico Letta resigns. This was reported by Reuters with reference to the official statement of the Italian government. Photo: Global Look Press The decision to resign came after the Democratic Party (PD) called on Letta to leave his post in order to form a new government. The resignation of the prime minister will have to be accepted by the country's president, Giorgio Napolitano. This is expected to happen on Friday, February 14th.

The maximum size of “golden parachutes” for top managers of public companies should be limited to two annual salaries, said Bank of Russia Chairman Elvira Nabiullina today , presenting the new Corporate Governance Code at a meeting of the Russian government. Photo: ITAR-TASS “There is a limit on the size of the golden parachute, not exceeding two annual remunerations,” Nabiullina said, noting that in state-controlled companies the remuneration of retired top managers should be even smaller.

Former Defense Minister Anatoly Serdyukov, accused of negligence, will finish studying the materials of the criminal case in the first quarter of 2014. According to the Investigative Committee, an indictment will be issued to the disgraced official by the end of March. Photo: ITAR-TASS After this, the case will be transferred to the prosecutor's office. If the indictment is approved by the supervisory agency, Serdyukov will be in the dock.

The Accounts Chamber found violations in the activities of the Federal Drug Control Service amounting to more than 1 billion rubles. They were discovered during an audit of the effectiveness of the department’s use of budget funds in 2012-2013, the press service of the audit body reports.

Two-time Olympic champion Evgeni Plushenko withdrew from the individual tournament at the Sochi Games due to worsening injury. The decision was made immediately before the skater’s performance. Plushenko went out to warm up and was ready to take part in the competition. However, after completing a number of elements, he felt pain in his back. After consulting with his coach Alexei Mishin, the skater decided not to participate in the competition.

Three years of maintaining Olympic facilities in Sochi will cost the Russian budget $7 billion, Bloomberg reports, citing two unnamed officials. This is roughly the same amount as Canada spent on the 2010 Vancouver Olympics. Photo: RBC According to sources, no one still knows exactly how much money will need to be allocated for the maintenance of Sochi 2014 facilities, since the Russian authorities have not decided how they will be used.

The Ministry of Industry and Trade of the Russian Federation issued a license to the Institute of Human Stem Cells (HSCI) to produce medicines. The license will give HSCI the opportunity to establish independent production of medicines, as well as provide Russian and foreign companies with services for the production and implementation of innovative drugs and technologies, the company said in a statement.

The Ministry of Economic Development found new sources of economic growth in Russia in 2014. and presented them to President Vladimir Putin at a meeting in Novo-Ogarevo. The RBC daily newspaper writes about this today with reference to the report of the Minister of Economic Development Alexei Ulyukaev. Photo: ITAR-TASS The main priority this year will be to increase labor productivity.

Russia has presented its draft resolution on Syria to the UN Security Council, the Associated Press reports, citing a source in diplomatic circles. The draft resolution was another response to the resolution of Western countries, which provided for sanctions against Syrian President Bashar al-Assad and his government.

The volume of gold and foreign exchange reserves of Russia for the first week of February 2014. decreased by $8.7 billion. If on January 31 gold and foreign currency reserves amounted to $498.9 billion, then by February 7 they fell to $490.2 billion, the Department of External and Public Relations of the Bank of Russia reported today. Photo: RBC Thus, the gold and foreign exchange reserves of the Bank of Russia decreased by 1.7%. Their current volume is the lowest since February 18, 2011.

The State Duma Committee on Constitutional Legislation and State Building rejected the proposal of the Communist Party of the Russian Federation for a parliamentary investigation into the case of ex-Minister of Defense Anatoly Serdyukov because of its futility. Photo: ITAR-TASS “There are no prospects for holding a parliamentary investigation. We must give the investigation the opportunity to complete this multifaceted work,” said committee chairman Vladimir Pligin.