Contents tagged with Russia
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Outflow of capital from Russian funds has reached $2 billion over the past five month
The capital outflow from Russian stock oriented funds in July 2017 amounted to $300 million for a total of $2 billion over a period of five months. The data was provided in a survey by Emerging Portfolio Fund Research (EPFR), an organization that tracks the inflow and outflow of capital to investment funds and the distribution of capital.
The outflow of funds in July is comparable to the June figures when the outflow was recorded at $385 million. Net outflow of funds was recorded for five …
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Media: Siemens banned Iranian company from supplying turbines to Crimea
The German company Siemens has forbidden the Iranian company Mapna to supply gas turbines to the Russian-occupied Crimea. Three sources close to Siemens, Rostec and the Russian government reported the information to RBC.
According to them, by autumn 2016, Siemens began delaying the equipment delivery after the media had reported information on the turbines’ supply to the Crimea bypassing the sanctions. In this regard, Russian President Vladimir Putin ordered the government and Rostec to find …
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Putin signs law on debt repayment by Crimeans to Ukrainian banks
Russian President Vladimir Putin has signed a law on the repayment of debts by residents of the annexed Crimea to Ukrainian banks.
The corresponding document was published on the president's website on Monday, reported RIA Novosti.
In particular, it gives the borrower the right to apply to the Deposit Protection Fund (DPF) established by the Deposit Insurance Agency (DIA), with confirmation of freedom from cooperation with persons entitled to demand payment of the debt. At the same time, the …
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Media: Russian biker club Night Wolves denied presidential grant
A coordinating committee for the distribution of presidential grants has rejected all three applications for a grant to pay for a project to be completed by the Night Wolves Russian motorcycle club, as reported by Kommersant.
According to the publication, two grant applications were not submitted for consideration at all.
The Night Wolves motorcycle organization of the Izmaylovo District in Moscow was not able to substantiate the need for the "Your Russia" project, which would create a …
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Russian authorities do not allow American diplomats to remove their belongings from the property seized by Russia
American diplomats in Russia could not get into the embassy house in the Serebryany Bor for two days, as stated by the US diplomatic mission, Interfax reports.
“That's right, we were denied access, both yesterday and today,” said Maria Olson, the Press Secretary of the Embassy in response to the request to confirm the messages that US representatives cannot get into the building.
She added that the diplomatic mission staff couldn’t get into the dacha to pick up their personal things left …
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Ukraine prepares lawsuit against Russia for murder of 17 year-old Ukrainian by separatist commander
The Ukrainian government intends to file a lawsuit against Russia in the European Court of Human Rights (ECHR) in connection with the murder of 17 year-old Stepan Chubenko, goalkeeper for the Avanhard Kramatorsk football club, in June 2014.
A statement to this effect was made by Deputy Prosecutor General Yevgeny Enin on Facebook, in a comment regarding Russia’s release of Vadim Pogodin, one of the murderers and commander of the illegal armed group “Kerch”.
“The Prosecutor General’s Office of …
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Romanian Foreign Minister accuses Russian Deputy Prime Minister Rogozin of deliberately creating problems between countries
Russian Deputy Prime Minister Dmitry Rogozin tried to cross the Romanian air border to demonstrate that sanctions do not work, Romanian Foreign Minister Teodor Melescanu said.
“In my opinion, the whole issue with the flight over Romania was a deliberate attempt to create problems between Romania and Russia,” he said on Monday on the Romanian television channel Antena 3.
Melescanu also said that the lives of passengers on board the aircraft were not in any danger.
The head of the Romanian …
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Russia released the commander of the DPR suspected of murdering a 16-year-old Ukrainian
Russian security forces released Vadim Pogodin, the former commander of the Kerch battalion of the DPR (Donetsk People’s Republic). He is suspected of murdering Stepan Chubenko, a 16-year-old resident of Kramatorsk, as well as of other murders and robberies in the Donbas.
Pogodin was arrested on June 20 in Yalta at the request of the Ukrainian Interpol National Central Bureau. According to one of his supporters who writes on Facebook under the name of Ioann Semenov, Ukrainian law enforcement …
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Putin: Russia-US relations will not change anytime soon
For the longest time, Russia had hoped for positive changes in relations with the US, before introducing new measures against Washington, stated Russian President Vladimir Putin, Vesti.Ru reports.
"We waited for quite some time that maybe something will change for the better, had such hope that the situation will somehow change. However, judging by everything, if it changes, it will not be soon," the Russian leader said.
Putin noted that he considered it necessary to show that Russia "will no …
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Media: the USA is preparing a response to the expulsion of American diplomats from Russia
Washington regrets Moscow’s decision to reduce the staff of American diplomatic missions in Russia and is considering a response, as stated to RIA Novosti by a U.S. State Department representative.
"This unjustified measure is regrettable. We are estimating the impact of this reduction and how to respond to it. There are no other comments at this time," the U.S. State Department representative said.
Russia responded to the passing of a new sanctions bill by the U.S. Congress by demanding a …