Lebanon’s parliament failed on Friday to grasp its last chance to elect a head of state before pro-Syrian President Emile Lahoud leaves office at midnight, creating a vacuum that many fear could lead to violence.

Fear of violence looms over Lebanon after parliament failed to elect a new head of state on Friday, but analysts say blood will not flow just yet since rival political groups have too much to lose.

Prosecutors charged Russian Deputy Finance Minister Sergei Storchak on Friday with attempting to embezzle $43 million in budget funds, his lawyers said.