Last week, Russian Defense Minister Sergei Shoigu and his Armenian counterpart Seyran Ohanyan signed an agreement on the creation of a Joint Regional Air Defense System in the Caucasian Collective Security Region.

“During the talks, we discussed a broad range of issues of cooperation in the military and military-technical spheres. The plans of bilateral cooperation of the defense ministries were signed for the next year,” Shoigu stated.

Armenia is home to two Russian military bases and 4,000-5 …

The German Minister of Foreign Affairs, Frank-Walter Steinmeier, wrote on his Facebook page that Berlin favors the full implementation of the Minsk Agreements, the holding of local elections in the occupied territories of eastern Ukraine, and the release of all prisoners.

Steinmeir made it clear that the increase in the number of skirmishes in the Donbas region during the winter holidays is cause for concern. The Minister noted that he asked the Special Representative of the OSCE in Ukraine, …

On December 30th, the Russian ruble reached its lowest level against the U.S. dollar in a year, falling to 73 rubles and 20 kopecks to the dollar.

The ruble lost 40 percent of its value last year. Its present value is 20 percent lower than a year ago. This is an indication of how the Russian economy has suffered from Western economic sanctions and falling oil prices.

Russia's economy was hit hard by the sanctions imposed by the United States, the European Union and other countries. The …

The Ukrainian Government confirmed its decision to impose a moratorium on the payment of debt to the Russian Federation worth $3 billion, that was loaned to the government of Viktor Yanukovych in 2013. In December of 2015, it was recognized as an official debt of Ukraine.

This was said by the Prime Minister of Ukraine Arseniy Yatsenyuk during a Cabinet meeting.

"We succeeded in stopping the military aggression of Russia, and now we are stopping the economic, financial and diplomatic …

The Honorary Consul of Ukraine in Jerusalem, the founder and owner of the City Capital Group, Ofer Kerzner, together with other representatives of the business circles of Israel met recently with the President of Ukraine, Petro Poroshenko.  During the meeting they discussed the creation of the most favorable conditions for investments in the country’s economy.  Mr. Kerzner, who is an investment pioneer and has over 20 years of experience in Ukraine, shared details of his work. He told them how …