For the second consecutive month, the Russian banking sector has experienced an outflow of foreign currency from the accounts of major corporate clients, who are rapidly spending or withdrawing the dollars and euros, reports finanz.ru.

In July, legal entities withdrew another $900 million from current accounts and emptied a similar amount from foreign currency deposits. A month earlier, the outflow was a three-year record: $4.4 billion flowed out of deposits and $3.6 billion from current …

The US-Ukraine Rapid Trident 2019 military exercise will be held sometime between September 13 and 28 and will involve 3,700 soldiers from 14 NATO states and partners, announced the US Army Europe, reports Ukrinform. The drills will last 25 days.

The drills will be conducted at the International Peacekeeping and Security Center of the Hetman Petro Sahaidachnyi National Ground Forces Academy.

The US will be represented at Rapid Trident by personnel from the 101st Airborne Division, the …

Between Friday and Saturday, Black Sea airspace will be closed to aircraft while the Ukrainian military performs missile tests, Korrespondent reports, citing the Ukrainian Defense Ministry news agency, Army Inform.

“Between August 30-31, 2019, at the Alibi state testing ground of the Ukrainian Armed Forces in the Odessa province, there will be additional missile launches. The relevant warning regarding the closing of the area to aircraft flights in connection with the danger associated with …

The European Court of Human Rights (ECHR) has ordered Russia to pay €34,000 to the widow and mother of Hermitage Capital auditor Sergei Magnitsky.

“The court has found Russia guilty of violating several points of the European Convention, including that it did not safeguard Magnitsky’s right to life and did not conduct a fair investigation of the circumstances of his death,” the court ruling states.

The court also ruled that Magnitsky’s detention in the Matrosskaya Tishina prison was …

At the end of a visit by the Turkish president to Russia on Tuesday August 27, Vladimir Putin and Recep Tayyip Erdogan gave a joint press conference. The leaders drew special attention to one of the key topics discussed in Zhukovsky.

“We believe that at this stage we need to focus on stabilizing the situation in Syria ‘on the ground’ and advance the political resolution process in accordance with UN Security Council Resolution 2254,” Putin told the press.

The Russian head of state said that …

The incomes of Russia’s citizens are growing too slowly, and the economy’s growth rate is unsatisfactory, said Russian President Vladimir Putin at a government session on August 26. The Russian leader expressed concern and demanded that steps be taken to get the country out of this situation.

“The rate is positive, of course, but overall the dynamic cannot satisfy us. We need to ensure that the economic growth is more stable and more dynamic. But even in light of this and taking into account …

During a broadcast of the Ukrainian TV Channel Pryamoi , US Special Representative for Ukraine Kurt Volker said that the US is waiting for Ukraine to form a new government and implement the declared intentions before Ukrainian President Volodymyr Zelensky visits Washington.

“The US government will gladly support the initiatives which Mr Zelensky announced during his election campaign and which are being voiced today, as the government is being formed. These are the promises to continue reforms …

The Ukrainian Navy’s small reconnaissance vessel the “Pereyaslav” entered the zone where Russia’s Black Sea Fleet was conducting drills, Colonel Andriy Ryzhenko, the Navy’s deputy chief of staff for Euro-Atlantic integration, said in a broadcast of UA.TV.

During the period when the exercise was being conducted, the Ukrainian vessel was returning from the NATO Agile Spirit – 2019 exercise in Georgia.

“I could say that we took the recommended routes, but there were various options, primarily it …