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Russia delays production of 'Boeing competitor' due to US sanctions
Russia has been forced to postpone the serial production of the passenger plane MS-21 due to US sanctions, TASS reports, citing Rostec director Sergey Chemezov.
“In connection with the fact that the Americans have stopped the supply of composite materials, we are transitioning to our own composite materials,” he said. As a result, the deadline for launching serial production of the MS-21 has been “shifted slightly” to the end of 2020. Earlier it was expected that the first planes would be …
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Kremlin: Russia lost over 6 billion dollars due to sanctions
Russian export companies lost 6,300 billion dollars due to economic sanctions from the West, reports Russian news agency Interfax, citing a report by the Ministry of Economic Development of Russia. This figure is based on the department's experts’ data collected at the end of 2018.
The report notes that the European Union is a leader in the number of restrictive measures in respect of Russian goods. It has implemented exactly twenty-five sanctions. In the second place is Ukraine, which …
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Former US ambassador urges American businessmen to leave Russia immediately
The arrest of the US citizen Michael Calvey, founder of Baring Vostok, the largest direct investment firm in Russia, should be perceived as a signal for all American businesses that continue to operate in Russia, believes Michael McFaul, former US ambassador to Moscow.
According to McFaul, the incident with Calvey, who has been sent to a pre-trial detention center for 2 months due to a corporate conflict surrounding Vostochny bank, shows that it’s time for Americans to close up shop in …
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Iran asks Russia for $5 billion
The Iranian parliament approved a decision to borrow $5 billion from Russia in a session on Sunday.
According to MehrNews, the Iranian lawmakers voted for amendments to the budget law which would include Russian money on the list of state revenue sources for the coming financial year, which will begin on 21 March (the year 1398 according to the Persian calendar).
The funds will be allocated to infrastructural projects, including nuclear energy, electrical energy, railway transport, as well …
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Three explosions set off near DPR leader’s residence in Donetsk
Three powerful explosions blasted in the center of Donetsk. Two of them took place not far from the Donetsk People’s Republic (DPR) leader’s residence building, reports RIA Novosti, citing the DPR authorities.
DPR's Ministry of Internal Affairs clarified that one of the explosions was set off several hundred meters from the hotel where the OSCE Special Monitoring Mission staff is stationed. Another one went off nearby on a vacant lot. According to preliminary data, nobody was hurt.
The DPR …