• Russia to create a special bank to allow financing of Russian military companies in circumvention of western sanctions

    In response to new US sanctions, Russia created a special bank to service defense industry companies, reported the newspaper Kommersant, citing sources close to the government and the presidential administration.

    According to the newspaper, the Russian Financial Corporation (RFK), which is 100% owned by Rosoboronexport, a subsidiary of Russian concern Rostec, has become the main candidate for the role of a specialized bank for servicing the military industry.

    It is reported that the creation …

  • Ukraine will not completely abandon Russian ruble

    There are no grounds for refusing to circulate the Russian ruble in Ukraine, stated Oleh Churiy, Deputy Chairman of the National Bank of Ukraine (NBU).

    "A few weeks ago, the NBU forbade exchange offices of authorized banks to accept Russian rubles with images of Ukrainian territories [ that are not controlled by Ukraine due to Russia’s aggression]... At present, we do not have any plans to further ban the circulation of cash Russian rubles on the territory of Ukraine," Churiy said at a …

  • Ukrainian General: Russia sets up its military base in Crimea for an attack on Ukraine

    In moving a new weapons to the annexed Crimea, Russia is preparing not for defense, but for an attack on mainland Ukraine, as expressed on Krym Realii radio by Lieutenant General and former Deputy Chief of the General Staff of Ukraine, Ihor Romanenko.

    "As far as I know, they are planning to bring another S-400 air defense system to Feodosia before the end of the year. The outdated Su-24 and Su-25 aircrafts are being changed to Su-30s, and more advanced ships are being transferred to the Black …

  • Dutch authorities decide not to declassify MH17 crash documents

    The Dutch Ministry of Justice and Security may not declassify the documents concerning the crash of flight MH17 over Ukraine, as reported on the Dutch Council of State’s website.

    The statement notes that the Council of State has partially repealed the decision of the lower court, which ruled that the information on the catastrophe must be published. In this way, the council has reserved the state’s right to secrecy.

    The beginning of the document notes that this statement is a response to a …

  • Putin calls for increased security in Russian internet segment

    Russian President Vladimir Putin discussed the need to improve the security of the Russian Internet without creating barriers for law-abiding citizens, TASS reports.

    "It is necessary to improve the security and stability of the infrastructure of the Russian Internet," the Putin said, stressing, "we are not talking about restricting the access of law-abiding citizens to the global network resources, only some barriers and filters." According to him, it is necessary to "strictly observe and …

  • Russia fires 4 ballistic missiles during large-scale exercises in the north

    Russia conducted large-scale military exercises involving nuclear forces, launching four ballistic missiles.

    "The tasks of the training have been fulfilled and all educational goals have been successfully met," the Russian Ministry of Defense noted.

    According to the Russian Ministry of Defense, from the Plesetsk cosmodrome in the Arkhangelsk region, the Topol intercontinental ballistic missile was launched. It struck a practice target at the Kura Missile Test Range in Kamchatka.

    Two missiles …

  • Ukraine will not receive a new IMF tranche until next year

    A new tranche from the International Monetary Fund (IMF) under the Extended Funding Facility (EFF) will not arrive in Ukraine until 2018, reported the Press Service of the National Bank of Ukraine (NBU).

     "The National Bank awaits the next tranche of the EFF program in the first quarter of 2018. Jointly with the surplus of the consolidated balance of payment, this would allow for increasing Forex reserves to $22.1 billion (or 4.2 months of future imports) as of late 2018," the NBU reports.

    At …

  • US Ambassador on protests at Ukrainian Parliament: Ukrainians are behaving decently

    The behavior of protesters and law enforcement officers during the protest action under the walls of the Verkhovna Rada of Ukraine indicates that the Ukrainian people can enjoy their rights. The Ambassador to Ukraine, Marie Yovanovitch, expressed this opinion in an interview with the publication Censor.net.

    "Since the Maidan, and before that, obviously there have been demonstrations and protests in Ukraine, and I think it’s an important example of how the Ukrainian people are able to express …

  • NATO warns Turkey of consequences of acquiring Russian S-400

    Turkey will be faced with “unavoidable consequences” if it buys Russian S-400 anti-air defense systems, said NATO Military Committee Chairman General Petr Pavel, as reported by Defense News.

    “The principle of sovereignty obviously exists in acquisition of defense equipment, but the same way that nations are sovereign in making their decision, they are also sovereign in facing the consequences of that decision” Pavel noted.

    According to the NATO representative, although each country is free to …

  • Russia to establish naval base on Kuril Islands

    An airport network is to be restored on the Kuril Islands, work on its creation is connected to the establishment of a Russian naval base, announced Senator Frants Klintsevich as reported by RIA Novosti.

    The naval base will accept “any ships”, including first rank vessels. Work to establish the base will begin soon, the senator noted. “Everything is going strictly according to plan, without rushed bursts,” he added.

    As Interfax reports with reference to Klintsevich, organizational matters are …