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Page last updated at 18:01 GMT, Thursday, 12 November 2009

Russia 'can't wait' for reform

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Russian President Dmitry Medvedev has called for profound reform of the economy in his annual state of the nation address.

The Soviet model no longer worked, he said, and Russia's survival depended on rapid modernisation based on democratic institutions.

But some aspects of the speech have been seen as a criticism of former President Vladimir Putin, now prime minister.

Richard Galpin reports.

READ MORE: Russia must modernise - Medvedev

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