• Russia withdraws from tax agreement with Cyprus

    Russia is denouncing the double taxation agreement with Cyprus, the Russian Ministry of Finance announced on Monday.

    Negotiations with the authorities of the island, which since the 1990s has become the main piggy bank of offshore capitals from Russia, have not been successful, the Ministry said in a press release.

    The Russian side insisted on taxing 15% of the dividends that the business puts into the accounts of its parent Cypriot structures. Russian President Vladimir Putin gave such an …

  • Israeli army strikes Syria

    The Israel Defense Forces (IDF) struck Assad's army targets in southern Syria in response to an attempt to plant explosives on the border.

    According to the IDF, "the targets of the airstrikes were observation posts, intelligence-gathering equipment, anti-aircraft batteries and command facilities at Syrian military bases."

    The official news agency of the Assad regime SANA reports, citing military sources, that at about eleven o'clock in the evening Israeli helicopters fired missiles at several …

  • Russia to establish military bases in 6 African countries

    Russia has agreed with six African leaders to establish domestic military bases in the territory of their countries, reports the German newspaper Bild. According to journalists, to date, Russians are conducting military cooperation with 21 African countries.

    The German media outlet refers to a secret document of the German Ministry of Foreign Affairs. The documents says that for five years Russia has been actively establishing military contacts n Africa. Recently, during negotiations, Moscow …

  • Poland fines Gazprom for violating antitrust law

    The Polish Office of Competition and Consumer Protection UOKiK (Urz'd Ochrony Konkurencji i Konsument) has fined Russian gas giant Gazprom 213 million zlotys, which is equivalent to $50 million USD.

    The reason for imposing such a large fine was Gazprom's refusal to provide UOKiK with the data on contracts concluded by its subsidiary Nord Stream 2 with European companies financing the construction of the Nord Stream-2 gas pipeline. In November 2019, the French company Engie was fined 172 …

  • Russia conducts joint military exercises with Armenia amid continued tensions between Yerevan and Baku

    Russian military, stationed in Armenia, carried out exercises amid deteriorating relations between Yerevan and Baku, Interfax reports, citing a report from the Russian Southern Military District.

    More than one and a half thousand Russian servicemen, as well as more than 500 units of military equipment, took part in the joint exercises with Arminian military. MiG-29 fighter jets, Mi-24P, Mi-8MTV helicopters and combat drones were involved in these exercises.

    On July 12, a border conflict broke …