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Net capital outflow from Russia reaches $21 billion in four months
The net outflow of the Russian private-sector’s capital was estimated to be worth $21 billion from January-April 2018, showing a 17% growth compared to the same period last year, according to data from the Bank of Russia, which was published Monday, May 14.
“Unlike the previous year, net lending was mainly accomplished due to an increase of foreign assets in other sectors with little impact of banking sector operations,” a bank representative reported.
The capital outflow for the first four …
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Ukrainian intelligence chief explains why US and Russia have stopped Donbas negotiations
The Kremlin has decided to stop negotiations on the Donbas and to push for better conditions because the Normandy Format countries and the US have not agreed to Russia’s demands, Ukraine’s former foreign intelligence chief Nikolai Malomuzh said in an interview with InfoResist news outlet.
“In this situation they [the Russian government] have decided to raise the stakes, so to speak, in the geopolitical game, in view of the fact that there needs to be a stronger argument for continuing the …
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Kyiv calls on the OSCE to make Russia stop its aggression in Ukraine
Minister of Foreign Affairs Pavlo Klimkin called on the President of the OSCE Parliamentary Assembly to use all possible leverage to make Russia to stop its aggression in Ukraine. He stated this during the meeting with the delegation of the OSCE Parliamentary Assembly on Monday, May 14, the press-service of the Ministry of Foreign Affairs reported.
Klimkin stressed the importance of parliamentary diplomacy within the OSCE and thanked the President of the Assembly, George Tsereteli for strongly …
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Russia calls EU Council's sanctions against the members of Crimea's election commission 'an unfriendly step'
The Russian Foreign Ministry called the sanctions of the EU Council against members of the Russian-controlled electoral commissions of the Crimea and the former Chairman of the electoral commission of Sevastopol “an unfriendly step,” as stated by Russian Foreign Ministry Spokeswoman Maria Zakharova.
"Russia reserves the right to give a tit-for-tat response to the European Union’s yet-again unfriendly step... The European Union’s new measures once again demonstrate its real attitude to the …
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Putin opens Kerch Bridge to annexed Crimea
The road section of the Crimean Bridge, which connects the annexed peninsula with the Krasnodar Krai of Russia, has been opened. Traffic of cars and buses will begin on May 16 from both sides of the Kerch Strait, along two lanes in each direction.
Russian President Vladimir Putin took part in the official opening ceremony of the bridge.
He drove along the highway in a KamAZ truck, in a column of machinery that was used during the construction of the bridge. The drive from Krasnodar Krai to …