MOSCOW, November 12 (RIA Novosti) - Russian...

His speech to the Russian parliament was broadcast on state television and became the longest-ever presidential address, lasting 1 hour and 40 minutes.

Members of the government and State Council, heads of the Supreme, Constitutional and Higher Arbitration Courts, chairmen of the Audit Chamber and Central Election Commission, and religious leaders attended.

In line with the Russian Constitution, the president annually addresses the Federal Assembly, comprising the Federation Council and State Duma, to about the domestic situation and the key areas of Russia"s foreign policy.

The Russian president said in his address:

- Economic modernization is a matter of vital importance for Russia and can no longer be delayed

- Russian state corporations have no future and should be reorganized and later privatized

- Russia"s Armed Forces are to receive 30 new ground and sea-launched ballistic missiles, three nuclear submarines, and an assortment of

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