Contents tagged with Russia
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Medvedev approves gas discount for Ukraine
Russian Prime Minister Dimitry Medvedev signed a decree detailing the discounted price of natural gas shipments from Russia to Ukraine. The tariff rates will remain the same until March 31, 2016. The documentation was posted on the official legal information web portal on Friday, January 1st.
The decree provides a formula that makes it possible to calculate the rate of fees on imports of low-carbon, “blue fuel” gas to Ukraine.
Most economists agree that, based on the contract price of gas at …
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Ukrainian ceasefire violated on first day of 2016
The Ukrainian Army and the pro-Russian separatists in Eastern Ukraine have accused each other of violating the "Christmas Truce" on January 1st.
The truce came into force on December 22nd and was mutually agreed upon by the opposing forces. In the last few days, according to the Ukrainian command, the Ukrainian Army’s position was shelled 22 times with mortars and grenade launchers. Government troops have suffered no casualties yet.
Separatists reported that one person was killed in their …
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Putin's son-in-law received $1.75 billion Russian state loan
A Reuters report on information taken from public records about the government and the Sibur Company indicates that Russian President Vladimir Putin's son-in-law has received government funds for a lucrative construction project.
33-year-old Kirill Shamalov owns one fifth of the largest petrochemical company in Russia, Sibur Gas Processing and Petrochemicals. In December, Sibur received funds from the National Welfare Fund (NWF) for the construction of a large complex in the Tyumen region near …
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Russia to end Ukraine’s supply of electricity to Crimea
It appears as though Moscow will end a contract with Kiev that ensures the delivery of electricity to the Crimea. Having illegally annexed the peninsula in early 2014, Russia insists that Ukraine remove any language from the contact that stipulates that the Crimea is part of Ukrainian territory. Kiev is determined not to give in.
Kremlin Press Secretary Dmitry Peskov asserted that if Ukraine does not agree to change the wording, Russia is most likely to abandon the contract. "It can be assumed …
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Moscow to sue Kiev over $3 billion debt
The Russian Ministry of Finance has declared that Kiev is in a “state of default”, and that Moscow is taking legal action against Ukraine. The $3 billion Eurobond debt owed to Russia was loaned during the reign of former president Viktor Yanukovich in 2013 under the stipulation that Ukraine forgo any steps towards European integration, namely the ratification of the Ukraine–European Union Association Agreement.
Russian authorities have contacted the Law Debenture Corporation and initiated the …
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Russia demands prosecution of Syrian Turkman who shot Russian pilot
The Russian Ministry of Foreign Affairs has demanded that Turkey arrest the leader of an insurgent group of Syrian Turkmen, Alparslan Celik, and bring him to justice for the murder of Russian pilot Oleg Peshkov, as reported by Russian Foreign Ministry spokeswoman, Maria Zakharova, on the agency’s website.
In an interview with the Turkish newspaper Hurriyet, Celik confessed to participating in the shooting of the pilot after he ejected from his Su-24 bomber that was shot down by a Turkish F-16 …
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Yavlinsky: Russia must create political alternative in 2016
In an op-ed written for Novaya Gazeta, politician Grigory Yavlinsky examined the year's main events in Russia, highlighting political reprisals against political dissidents, in particular the assassination of Boris Nemtsov.
"The whole theme of this year, the most pressure put on civil society in the last 30 years, the amount of force used in the country and in international relations, is concentrated in the very beginning: the tragedy of February 27th," Yavlinsky wrote, referring to the day on …
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Herashchenko calls for presence of EU peacekeepers in Donbas
The Ukrainian President’s envoy to restore peace in the Donbas region, Iryna Herashchenko, wrote on her Facebook page that the entry of a European Union peacekeeping mission to the conflict area in eastern Ukraine has become even more necessary.
“During a telephone conversation with the members of Normandy Quartet, the Ukrainian President asked the European Union to send a peacekeeping mission to Donbas. In the context of European security, monitoring the fragile situation in the Donbas region …
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Russia to bolster defense in Armenia
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 …
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Russian ruble hits lowest level in a year
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 …