Police say a group of young Russians were racing expensive sports cars and fled the scene of an accident after hitting another vehicle.

It is clear that the Chinese model is not suitable for Russia — not only economically, as President Dmitry Medvedev correctly pointed out recently, but politically as well.

From January to June, Belarussian citizens may import hundreds of thousands of cars to resell in Russia after the borders are opened, Alexei Tereshchenko, strategy director at the Russian and Belarussian dealership Atlant-M, said Friday.

The advisory group, created under then-President Vladimir Putin, has enjoyed a more prominent role in Medvedev’s Kremlin, but it is less critical of the government than independent rights groups.

The Cabinet will review the list Tuesday. The sales are expected to net the state 77 billion rubles next year to plug a budget deficit.

Nostalgia has many car professionals and enthusiasts talk up the models of yore, even though most produced little more than 70 horsepower, broke down frequently and afforded few luxuries.

The country’s once-mighty Navy was severely degraded after the fall of the Soviet Union and it currently has no big ship with the power to anchor in coastal waters and deploy troops onto land.

The vow to provide more apartments by 2012 comes as Medvedev pumps up the rhetoric on housing World War II veterans.

It’s hard to imagine that Medvedev’s hope for a better Russia will ever be realized if he doesn’t address the issue of media corruption.

Deripaska held on to a single share of Strabag, with the option to buy back the full 28.5 million shares on Dec. 18, and the possibility to extend this deadline to Oct. 15, 2010, which he has now exercised.