Global General

Medvedev signs laws on modernization

(Xinhua)
Updated: 2010-07-27 22:22

MOSCOW - Russian President Dmitry Medvedev has signed Tuesday a package of laws on modernization of the country's economy.

"Today I have signed a whole number of laws which I hope will promote technological modernization and scientific development," Medvedev said.

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One of the new laws amends the laws on higher education and state technology policy, easing the recognition of academic degrees and titles.

Medvedev said the modernization policy was not just transition to an innovative economy.

All the issues were believed to aim at tackling corruption and decreasing administrative influence.

Earlier in the day Medvedev also signed a bill setting fines for disruption of electricity and heat supplies.

The Kremlin website said those who fail to maintain the facilities in a right order will face either a fine of 1,600 U.S. dollars or suspension from duty.

Russian leaders have repeatedly urged the necessity of economic modernization and technological development, in order to help the energy-reliant Russian economy evolve into an innovative one.