• Foreign investment in Ukraine has increased considerably since 2014

    According to the Ukrainian Venture Capital and Private Equity Association, $132 million was invested in Ukrainian companies in 2015. As noted, these funds were largely private and venture investments in IT companies. According to the results of the study, only 66 contracts were signed in 2015, but the total amount of investments is higher than in 2014 by 237%, Ekonomichna Pravda reported.

    The creation and improvement of the investment climate in Ukraine is the main task of the Association.   …

  • Russia conducts test of missile defense system

    As reported by the Russian Defense Ministry, the Russian Air Force has successfully carried out tests of a new short-range, anti-ballistic missile system. The launch took place on Tuesday in the morning at the Sary-Shagan missile testing site in Kazakhstan.

    The purpose of the launch was to confirm the performance characteristics of the anti-missile system which is in service in the Russian Air Force.

    As was stated by Aerospace Force Air Defense Chief Viktor Gumyonny, who was present during …

  • US General: Russia can deploy its troops much faster than NATO

    In an interview with the BBC, General Ben Hodges, the commander of U.S. land forces in Europe claimed that NATO has to simplify the mechanism of relocating the military units between the countries, to be able to respond quickly to potential threats from the Russian Federation.

    "Twenty thousand armed people may appear on the borders of NATO, or at the borders of Georgia, or Ukraine. This is a serious concern. The Russians have what we call freedom of movement on the interior lines. They can …

  • Lithuania to buy Javelin anti-tank missiles from the US

    The Ministry of Defense of Lithuania announced that the Lithuanian army will acquire Javelin portable anti-tank missiles and supporting equipments from US. The deal is worth 8 million dollars and is based on a previously signed agreement with the two countries

    “The acquisition of Javelin portable anti-tank missiles will be made to further strengthen the capabilities of the Lithuanian army,” a press release stated.

    The Lithuanian Ministry of defense further elaborated that the purchase will be …

  • Putin: Russia must strengthen its defenses in response to 'NATO aggression'

    Speaking in front of the State Duma, Russian President Vladimir Putin said that Russia must increase its combat readiness in response to “the aggressive actions of NATO along the Russian borders”, Evropeyskaya Pravda reported.

    Putin criticized the West for its unwillingness to build a “modern, non-aligned system of collective security” with Russia.

    "Russia is open to discussing this important issue and has repeatedly demonstrated its willingness to engage in dialogue, but, as happened on the …

  • EU agreed to extend sanctions against Russia

    The committee of the Permanent Representative of the EU countries (COREPER)  have approved the renewal of the sanctions against Russia for another six month.

    The sanctions may be be reviewed in the future depending on the implementation of the Minsk agreements, reported the Ukrainian Interfax news agency, citing a EU diplomat in Brussels.

    The decision of the COREPER now has to be approved by the  EU council.

    On June 16th, the President of the European Council, Donald Tusk, said that the …

  • Peskov: Putin has no time in his schedule to meet with Nuland

    Russian President Vladimir Putin does not have time in his schedule to meet with US Assistant Secretary of State Victoria Nuland, according to the Press Secretary of the Russian President, Dmitry Peskov, as reported by the Russian RIA Novosti news agency,

    “In the President’s schedule there is not such a meeting," Peskov said.

    The Press Service of the US Department of State previously reported that Nuland will visit Moscow and Kiev. In Moscow she is planning to meet with Russian government …

  • Russian authorities sentenced a man for selfie near a cottage of 'Putin's friend'

    Dmitry Golovin was arrested and sentenced to 10 days in prison for taking a selfie near the Strela recreation complex in Divnomorskoye. According to local residents, the complex, which houses a luxury sanatorium, is owned by Russian politician,Alina Kabaeva.

    Golovin, a scientist, and his girlfriend, Inga, used a quadcopter to assist them in taking the picture. A member of the Federal Political Committee, Sergei Mitrokhin, has demanded that Prosecutor General Yury Chaika and the head of the …

  • US Assistant Secretary of State: Our patience with Russia is not endless

    Russia has violated an important agreement with the United States, signed back in the years of the Cold War. That is why Washington, in addition to diplomatic measures, reserves the right to respond with military action as well, said U.S. Assistant Secretary of State for Arms Control, Frank A. Rose.

    At the same time, he said that NATO's anti-missile defense system designed to combat threats emanating from beyond the Euro-Atlantic space cannot threaten Russian ballistic missile capacity.

    "I …

  • Secretary General of the All-Russia Athletic Federation suspended from the IAAF

    The Secretary General of the All-Russia Athletic Federation (ARAF), Mikhail Butov was temporarily excluded from the International Association of Athletic Federations (IAAF). According to Butov, his membership is suspended until the rights of the ARAF are restored, TASS reported.

    “The suspension of my membership in IAAF has significantly worsened the situation related to the disqualification of the All-Russia Athletic Federation. Earlier, I had the opportunity to be present at different …