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Russian ruble wiped out by capital outflow
The Russian currency market continues to sink due to the risk of sanctions and the outflow of foreign capital, finanz.ru reports.
After gaining 2.05 rubles on Wednesday, 1.11 on Thursday, the US dollar gained a further 1.24 rubles during trade on Friday, reaching 67.8975 rubles, the highest since April 18, 2016. The euro appreciated by 48 kopeks for the day and 3.11 rubles since the start of the week, updating its 4-month high to 77.43 rubles.
There is a growing lack of foreign currency in …
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Turkey wants to trade with Ukraine and Russia in national currency
Turkey is preparing to carry on trade in national currencies with its largest trading partners, such as Ukraine, China, Russia and Iran, writes Kommersant newspaper.
According to Turkish President Recep Tayyip Erdogan, if European countries want to get rid of the dollar "shackles" then Ankara is ready to create similar trade system with them.
Turkey does not accept the world order in which the world has declared an economic war, and countries are pressured by the threat of imposing sanctions, …
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Putin's friend Prigozhin denies his connection with gold mining in Central Africa
Yevgeny Prigozhin has no interest in military or civil projects the Central African Republic, including gold mining, RBC news agency reports citing the press service of the businessman.
In addition, the press service denied any financial or administrative connection of the entrepreneur with the news outlets as the Federal News Agency, Politics Today, Nevsky News, and Economy Today.
“No, Yevgeny Prigozhin has no connection with the media you listed,” said the representative of the businessman. …
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Russian warships enter the Mediterranean Sea
Two Northern Fleet ships, the large anti-submarine ship Severomorsk and missile cruiser Marshal Ustinov entered the waters of the Mediterranean Sea from the Atlantic after undergoing repairs, Interfax reports citing the press-service of the Northern Fleet.
The crew of the Marshal Ustinov performed air defense drills and checked the readiness of its weapons and technical systems. The Severomorsk crew practiced fighting surface vessels. The press service noted that the ships crossed the Strait …
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President of Kazakhstan announces ‘historic decision’ on the Caspian Sea
President of Kazakhstan Nursultan Nazarbayev said during the presentation of infrastructure of the Caspian port Kuryk that the adoption of the Convention on the Caspian Sea's Legal Status would be a historic decision. The Convention is expected to be signed at the summit which begins on August 12, Tengri News reports.
Nazarbayev said, “Over the past 20 years, we have been conducting very difficult negotiations, coordinated our positions to resolve all issues of our joint work on the Caspian …
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Iran decides to bring enriched uranium back from Russia
Tehran has decided to bring back the batches of highly enriched uranium from Russia which it had removed from the country as part of the nuclear deal, reported the Fars news agency, citing Behrouz Kamalvandi, spokesman for the Atomic Energy Organization of Iran (AEOI).
“When we signed the nuclear deal, we stopped production of 20% fuel and deposited the excessive fuel in Russia in nearly 10 batches. We received the first batch nearly seven months ago and the second batch is about to be …
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Russia confirms its ship blocked in Ukrainian port
The Russian tanker Mechanic Pogodin was blocked on arrival to the port of Kherson, the Russia’s Commissioner for Human Rights, Tatyana Moskalkova told TASS news agency.
"I had a second telephone conversation with an authorized representative of the Verkhovna Rada of Ukraine. On my request, Lyudmila Denisova found that there 12 Russian sailors on board the tanker who did not leave the ship. They have food, water and medicines," said Moskalkova.
There are no administrative or criminal claims to …
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Drone attacks on Russian military base in Syria continue
The Russian military in Syria has shot down another drone near its Khmeimim air base. The drone was reportedly launched from the militant-controlled de-escalation zone in Idlib.
This was reported by the Russian Center for the Reconciliation of Opposing Sides in Syria in a statement on the Russian Defense Ministry’s website.
The report states that it was a strike drone, and belonged to the terrorists. It was shot down by an anti-air weapon at a safe distance from the Russian air base. No one …
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Turchynov: Ukraine developed new powerful weapon not available in Russian army
Ukraine has developed a new powerful weapon, a self-propelled howitzer with a 155-mm caliber, which meets the NATO standards. Tests of this new weapon, have already begun, reported by the Secretary of the National Security and Defense Council of Ukraine, Oleksandr Turchynov during his visit to the Ukrainian Armed Forces training facility in Zhytomyr.
“Its important characteristics include greater mobility, accuracy, range, and also high firing speed,” said Turchynov.
According to him, the …
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Kremlin considers expropriating surplus profits of Russian metal and oil producers
Andrei Belousov, assistant to the Russian President, suggested withdrawing 513.7 billion rubles ($ 7.7 billion) of super profits of metallurgical and petrochemical companies such as Severstal, Mechel, Polyus, Alrosa, Nornikel, Sibur, and others. Belousov suggested using these funds to cover the expenses required to implement Putin's decrees. According to Vedomosti, the President of Russia wrote “I agree” on the proposal.
“It is very important what the President has approved. The President …