Premier Vladimir Putin’s party failed to win a majority in parliamentary elections, according to exit polls and early results, dealing the Russian leader his first electoral setback since he came to power a decade ago.
Russian Prime Minister Vladimir Putin called for “trust” as he kicked off his bid to return as president next year, accepting his party’s nomination and pledging to continue the economic development begun during his first two terms.
Russia’s ruling United Russia party will nominate Prime Minister Vladimir Putin next month as its candidate in 2012 presidential elections, RIA Novosti reported, citing Boris Gryzlov, the party’s second-ranking official.
OAO Rosneft and TNK-BP International Ltd. report third-quarter earnings. Mail.ru Group publishes first-half results and third-quarter revenue. OAO Mechel and OAO Magnitogorsk Iron & Steel Works report third-quarter production. OAO Transneft opens the Samotlor-Purpe oil pipeline.
Prime Minister Vladimir Putin ’s United Russia party stood by silently as Moscow Mayor Yury Luzhkov , its co-founder, was savaged by the media and came under increasing pressure to resign, underscoring divisions in the country’s dominant party before national elections next year.
President Dmitry Medvedev may back Vladimir Putin’s United Russia party this weekend to bolster its flagging support before a parliamentary vote as speculation mounts about which of them will run for the Kremlin next year.