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Russian Gazprom ramps up gas transit through Ukraine by 25%
The Russian company Gazprom has recently increased the volume of gas it is transporting to Europe through Ukraine by 25%, according to a Facebook post by Andriy Kobolyev, CEO of Naftogaz of Ukraine.
“The reason for this is the renovation of the Yamal-Europe pipeline (which passes through Belarus)… annually this is the equivalent of around 110 billion cubic meters of gas per year,” he wrote.
In a matter of days, the daily volume of gas pumped through the Ukrainian gas transport system rose by 6 …
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Russia to dispute arbitration court verdict on Ukrnafta lawsuit
Russia has not yet received the International Court of Arbitration’s ruling on the Ukrnafta lawsuit through the official diplomatic channels, but it plans to dispute the ruling at the Federal Supreme Court of Switzerland, RBC reported citing the Russian Justice Ministry.
“The Russian Federation plans to dispute the current decision and to use all the available legal protection mechanisms provided by international law and Swiss legislation,” the ministry said in a statement.
On 12 April, the …
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Israel may have used latest Rampage missiles in last Syria attack
The Israeli Air Force may have used the latest Rampage air-launched ballistic missiles during its operation to destroy an Iranian center in Syria where surface-to-surface missiles supplied by Hezbollah were being stored.
This theory was proposed by the military analyst Babak Taghvaee on Twitter. He claims that Israel resorted to using Rampage missiles out of fear of possible losses if Syria were to activate its S-300 aerial defense systems.
"Israel Air Force successfully used Rampage for …
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International arbitration rules to recover $50 million from Russia for the expropriation of Ukrnafta assets in Crimea
The UN arbitration court ordered Russia to pay US 44.4 million dollars to the Ukrainian oil company Ukrnafta for the expropriation of property in Crimea, reported Ukrnafta’s press service in a statement published on the company’s website.
The focus of the dispute was administrative offices and 16 gas stations that were seized by Russia after the annexation off the Crimea.
On June 3, 2015, PJSC Ukrnafta referred the dispute to an ad hoc arbitration tribunal using the Arbitration Rules of the …
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Germany's direct investments in Russia exceed 3 billion euros
The German-Russian Chamber of Commerce is confident that companies that have knowledge of the Russian market are not afraid of "sanctions and political problems.
On Monday, April 15, the press service of the German-Russian Chamber of Commerce, citing data from the German Federal Bank, announced that Germany’s direct investments in the Russian economy in 2018 amounted to 3.2 billion euros.
They estimate that this is a record amount of investment since the financial crisis in 2008. Large-scale …