-
Germany's direct investments in Russia exceed 3 billion euros
The German-Russian Chamber of Commerce is confident that companies that have knowledge of the Russian market are not afraid of "sanctions and political problems.
On Monday, April 15, the press service of the German-Russian Chamber of Commerce, citing data from the German Federal Bank, announced that Germany’s direct investments in the Russian economy in 2018 amounted to 3.2 billion euros.
They estimate that this is a record amount of investment since the financial crisis in 2008. Large-scale …
-
EU to spend €215 million to remove Poland's dependency on Russian gas
The EU government has decided to allocate €215 million to the construction of the Baltic Pipe, a pipeline that will transport gas from Norwegian deposits through Denmark to Poland.
The Polish gas operator Gaz-System will receive the funds for construction of the pipeline. The company announced on Monday that it had signed the relevant agreement with the EU’s Innovation and Networks Executive Agency (INEA).
The financing will be used to build the underwater section of the pipe that will …
-
Turkmenistan resumes gas exports to Russia
On Monday, April 15, Turkmenistan resumed natural gas exports to the Russian Federation, reported the publication ORIENT, citing a source in Turkmenistan’s Ministry of Oil and Gas.
It is noted that deliveries resumed after a pause in commerce outlined in a 25-year contract signed in 2003 “was taken by Gazprom in early 2016.”
In March 2016, the Russian gas monopoly terminated the contract with Türkmengaz. Gazprom cited a “serious breach of contract” by Turkmenistan and also requested a …
-
Putin sends 35 Russian soldiers to UN mission in Central African Republic and Cyprus
President Vladimir Putin signed the decree to send a group of 30 Russian soldiers to Central Africa. They will serve as part of the UN mission. The decree is published on the official internet-portal of legal information
“The Russian Ministry of Defense is to send to the UN mission up to 30 servicemen of the Russian Armed Forces as liaison officers, military observers and staff officers”, the order says. The funding for the stay of the Russian military in the Central African Republic will be …
-
Russia announces end of civil and military cooperation with NATO
Deputy Minister of Foreign Affairs Alexander Grushko told the Russian media that Kremlin is suspending cooperation with NATO along military and civil lines.
The Deputy Minister, who had previously worked as the permanent representative of the Russian Federation to the Alliance said, “NATO itself has refused to adopt a positive agenda for its relationship with Russia. It just does not exist. And so far, there is no sign that anyone in NATO knows how to get out from this dead-end.”
“NATO has …