Eurasia Review 7/16 (European and Asian News Paper, “Fortum Posts Strong First Half Earnings”, July 16, 2010, Euroasia Review, http://www.eurasiareview.com/201007165128/fortum-posts-strong-first-half-earnings.html)
According to preliminary statistics, Russia consumed 224 (216) TWh of electricity in the second quarter of 2010, about 4% more than in the corresponding period of the previous year. During the first half of the year, Russia consumed about 506 (481) TWh. The increase is mainly due to the general recovery of the Russian economy and increased industrial activity. OAO Fortum operates in the Tyumen and Chelyabinsk areas. In the Tyumen area, where industrial production is dominated by the oil and gas industries, electricity demand decreased during the second quarter by about 1% compared to the previous year.The recession did not affect electricity demand in the Tyumen region in the previous year. In the Chelyabinsk area, which is dominated by the metal industry, electricity demand increased by about 11% in the second quarter compared to the previous year. The increase is mainly due to the recovery in industrialconsumption. The average electricity spot price, excluding capacity price, in the First price zone (European and Urals part of Russia) increased 26% to RUB 804 (640) per MWh in the second quarter of 2010.
Econ stable – foreign policy
Econ is stable now, but foreign policy will be aimed at modernizing and spurring economic growth.
Medvedev 7/14 (Dmitry, President of Russia, “The First Challenge for Russia is Modernizing the Econony”, July 14, 2010, ISRIA, http://www.isria.com/free/14_July_2010_125.php)
Speech of Russian President Dmitry Medvedev at meeting with Russian ambassadors and permanent representatives in international organisations (July 2010) PRESIDENT OF RUSSIA DMITRY MEDVEDEV: Good afternoon, colleagues, In the two years that have passed since our last meeting, the world has changed significantly, although we always use that phrase – it’s a truism of sorts. Still, it is absolutely accurate when applied to the last two years. These changes include the August 2008 events in the Caucasus, the global financial crisis shortly after that, and our decision to begin modernising Russia’s economy and changing its political system. All of this has a major influence on your activities. Now, a few words to start this discussion, which I find important. Our nation’s foreign policy, in all its complexity and multidimensionality, is aimed toward one key goal – a fairly simple goal: to generally improve financial and spiritual conditions for our people, to develop our country, to protect when so required health and dignity of the Russian citizens and to ensure they are able to safely and freely engage in any aspect of public life. Thus, our domestic policy priorities have a strong influence on our choice of strategies in international relations. This has always been true throughout the history of Russia. In recent years, we have seen a comprehensive renewal of our domestic policy agenda. It is my hope that the overall national strategies have significantly evolved as we are now encouraging economic and political competition, greater feedback between the state and society, while improving political civility, adequate economic behaviour and social culture. We believe in the viability of our democratic institutions and will insistently develop them to make Russia a thriving society, based on the principles of liberty and justice. We believe in the rule of law; we believe that we will be able to eliminate corruption in vitally important social institutions and guarantee that everyone will enjoy living by fair and civilised rules. Finally, we believe in the success of modernisation, in the intellectual and creative potential of our people. We believe that with the support of our government and in cooperation with foreign partners Russian entrepreneurs, scientists, engineers will turn our economy into one of the driving forces of global development. With all the acute contradictions on the global arena today, we are seeing a clear general eagerness to harmonise relations, establish dialogue, and reduce conflicts. Reeling from the global financial crisis, we are all jointly searching for new approaches to reform, not only for the global financial and economic institutions, but for the global order overall. This certainly means fairer principles of cooperation, building relations between free nations on a solid foundation, and the firm principles of universal international law. This paradigm shift in international relations opens for us a unique opportunity to put Russia’s foreign policy instruments to the most effective use possible to assist the country’s modernisation. I suppose this is the most important point I would like to raise. We must be more effective in our use of foreign policy instruments specifically for pursuing domestic objectives, for modernising our country, its economy, its social life and, to some degree, its political system, in order to resolve various challenges facing our society. I will name the most significant of these challenges, and we may review others later. The first challenge is modernising our economy, primarily upgrading our industries and promoting innovative economy as the basic elements of modernisation. Even though I am speaking at the Foreign Ministry, I nevertheless believe that not just staff of Economic Development Ministry and other economic agencies but Russian diplomats as well must know all the major areas of our modernisation efforts like the back of their hands. We are striving to advance in biomedicine, space and information technologies, energy, and telecommunications, and here, we have determined our priorities. Now, we should identify the countries which may become our major cooperation partners, for such cooperation to bring greatest benefits in developing various technologies and markets in Russia, in helping Russian high-tech goods to enter global and regional markets. This is a very specific task, and the results of respective efforts will be immediately visible to everyone, including the leadership of the country