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04.02 Main News of February 4

WORLD

* Ukrainian President Viktor Yanukovych says he is prepared to hold early presidential and parliamentary elections in the country if no other solution can be found to the ongoing political crisis, his political ally has said

* Armenia published a roadmap for accession to the Russia-led Customs Union, which Yerevan has pledged to join as Moscow seeks to deepen economic ties across the former Soviet Union

RUSSIA

* US Ambassador to Russia Michael McFaul announced that he is planning to resign from his office and move back to the United States after this month's Sochi Olympics

* Russia is now the world’s third-largest military spender after the United States and China, pushing the United Kingdom into fourth place, a study by a defense consultancy shows

* A Moscow court ruled to place in pretrial custody a teenager suspected of fatally shooting two people in his school the previous day

* A Russian businessman was sentenced to 3 1/2 years in jail for attempting to hijack a plane last year while drunk

BUSINESS

* The growth of unsecured retail lending in Russia is slowing sharply, underlining weak performance in a consumer sector that many have hoped could in future wean the country’s economy off excess reliance on oil and mineral exports

* Russian President Vladimir Putin signed a law to ratify a deal with Kyrgyzstan to buy the former Soviet republic’s debt-ridden natural gas monopoly for $1




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