Contents tagged with Russia

  • US Navy cruiser escorts Russian submarine to the Mediterranean Sea

    The Krasnodar cruise missile submarine of the Russian Navy entered the Mediterranean Sea under escort of an American Ticonderoga-class guided-missile cruiser, Russia’s Interfax news agency reported.

    According to the news agency, the Russian submarine navigating above water passed Europa Point, located in the south of the Gibraltar peninsula under "close watch" of the American warship.

    Earlier, on May 5, the British warship Somerset shadowed the Russian Krasnodar submarine during its passage …

  • Media: repairs to Russian aircraft carrier Admiral Kuznetsov to cost almost $700 million

    Four boilers of the primary power unit will be replaced during repairs to the Russian aircraft carrier Admiral Kuznetsov. The Granit missile system will most likely remain on the ship as before. The cost of upgrading could amount to as much as 40 billion rubles ($700 million), a source familiar with the situation told Interfax news agency.

    The source pointed out that the Granit system will not be replaced “due to financial reasons”. As for the boilers of the primary power unit, two of the four …

  • The outflow of capital from Russia almost doubled in 2017

    The Bank of Russia announced a significant increase in the capital flight from Russia in January-April 2017. According to the regulator, net amount of transfer of capital by the private sector during this period was $21 billion. This is more than double that of the first four months of the previous year ($9.8 billion).

    "In contrast to the situation a year ago, the main factor in the net outflow was the transfer of the funds by the banking sector overseas following the continued increase of …

  • The Kremlin threatened the US with a response to last year's closure of Russian diplomatic compounds

    The Kremlin's chief foreign policy adviser threatened Washington in response to last year's closure of Russia's diplomatic compounds in the United States if they are not reopened.

    As the Russian Presidential aide on Foreign policy issues, Yuri Ushakov, said, "We have shown patience and sensibility, but this patience is, of course, not without limits."

    He reiterated that Moscow did not immediately respond to Washington's move, but added that "the principle of reciprocity in diplomacy has not …

  • Media: Russia allocates $180 million to supply ore to the Donbas

    In 2017, the Russian government allocated 10 billion rubles ($180 million) to the Federal Agency for State Reserves (Rosrezerv) for the purchase of raw materials and other materials for the metallurgical industry. As RBC news agency reports, Rosrezerv acts as an intermediary in the supply of raw materials to metallurgical plants in the DPR (Donetsk People’s Republic) and LPR (Luhansk People’s Republic).

    The order, which was signed by Russian Prime Minister Dmitry Medvedev, does not specify the …

  • Media: In May, Putin will meet with heads of defense companies to discuss development of Russia's military industry

    Russian President Vladimir Putin will hold a number of special meetings in Sochi from May 16th to 20th on the development of the armed forces in Russia, reports the newspaper Kommersant, citing as its sources top managers of companies in the military industry.

    “A different topic will be discussed each of the five days, and the talks will focus on armaments and military equipment, after which, while the president is still there, the manufacturers and the military will discuss the problems which …

  • Google paid Russia a $6.75 million fine

    According to Russia's Interfax news agency, Google paid a fine of 438 million rubles or 6.5 million USD assigned by the Russian Federal Antimonopoly Service (FAS), as stated by the press service of FAS.

    In mid-April, the Moscow Arbitration Court approved a settlement agreement between the FAS and Google, under which the parties will withdraw mutual claims in the case of violations in the mobile applications market. The American company then agreed to pay a fine of 438 million rubles.

    "As part …

  • Russia detects American strategic drone off its Black Sea coast

    On Friday, May 12, an American reconnaissance drone, RQ-4 Global Hawk, was detected over the Black Sea, heading towards the Russian border, Russia’s TASS news agency reported citing its source in the Russian military.

    "Today, the Russian naval control of the Black Sea detected by an American Strategic Reconnaissance Global Hawk drone flying at high altitude towards the Russian border", the source told TASS.

    According to him, the U.S. drones are making these flights regularly.

    Russian media …

  • Media: Putin’s adviser controls the separatist republics in Eastern Ukraine through his people

    Russian Presidential Adviser Vladislav Surkov appointed his own people to govern the LPR (Luhansk People’s Republic) and DPR (Donetsk People’s Republic), and determines the internal policy in the “republics”, Reuters reported.

    Surkov’s role was described to the news agency by three people who previously held high positions in the self-proclaimed republics. Two of the sources wished to remain anonymous, but the third – Alexei Alexandrov – gave permission for his name to be used.

    According to …

  • Peskov: Lavrov gave a message to Trump from Putin

    Dmitry Peskov, the Russian president's press secretary, said that Russian Foreign Minister Sergey Lavrov, during his visit to Washington, conveyed a message from President Vladimir Putin to U.S. President Donald Trump, Russian news agency TASS reported.

    “Absolutely,” Peskov said in answer to the question from journalists about whether Lavrov brought a message from Putin when he met with the American leader.

    The Kremlin’s representative explained that “the contact [between Lavrov and Tillerson] …