Russian Prime Minister Vladimir Putin has...

Glonass - the Global Navigation Satellite System - is the Russian equivalent of the U.S. Global Positioning System, or GPS, and is designed for both military and civilian use. Both systems allow users to determine their positions to within a few meters.

"Our system will actually be global and cover the entire globe," Putin said during a meeting with Deputy Prime Minister Sergei Ivanov earlier today.

"However, it should be commercialized so as to make it more effective," he added.

According to Putin, the Glonass system is highly competitive and has a distinct advantage over its European counterparts.

"As far as I know, they only have two satellites in orbit now, while we have a whole grouping that can provide navigation services covering the entire territory of the Russian Federation," he said, adding that another six satellites would be orbited later this year.

He also stressed that local authorities should take it onto themselves to introduce

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