This report discusses the current political and economic conditions in Russia, focusing on the impact of Vladimir Putin's leadership and the leadership of his successor/protégé , Dmitriy Medvedev, both of which have steered Russia away from progress toward democratization. The report also discusses the state of the economy since the Soviet collapse in 1999, how the recent global economic downturn has affected Russia, the state of Russia's military, and the current relationship between Russia and the United States.

Script from the WBAP-TV/NBC station in Fort Worth, Texas, relating a news story about the Cyprus peace talks at Geneva which were reportedly close to collapse when Turkish delegates took a hard line.