President Dmitry Medvedev has accepted the resignation of the Chukotka Governor Roman Abramovich. President of the National Reserve Bank in Moscow Aleksandr Lebedev tells us how effective rich men are as governors.

The Kremlin says Roman Abramovich's resignation as governor of Chukotka has been accepted by President Medvedev. Editor-in-chief of the Russia Profile magazine Andrey Zolotov says the tycoon has always been Putin’s team player.

Roman Abramovich has quit his position as governor of Russia's northern Chukotka region. Fred Weir of the Christian Science Monitor spoke to RT about the motives behind the Chelsea owner’s decision to resign.