Russia Parks Movie Quotas after Putin Speech

RUSSIAN lawmakers have shelved a plan to introduce movie quotas after President Vladimir Putin came out in opposition to the measure.

Members of the Duma, Russia's lower house of parliament, parked the bill which would have imposed a 50% limit on foreign films after Putin made it clear in a recent speech that he was against the policy.  "It would be unwise to turn down what is profitable," the Russian president said in his speech, adding consumers shouldn't be denied goods they would like to have.

Specifically mentioning the motion picture industry, he added, "Americans are talented and successful people and there is a lot we can learn from them." It was a clear softening of a volley of angry rhetoric being shot back and forth between the US and Russia over recent events in the Ukraine.