• Turkey will pay Russia $2.5 billion for four S-400 systems

    Russia will sell Turkey four anti-aircraft S-400 defense systems for $2.5 billion, as announced by Sergey Chemezov, the General Director of the state corporation Rostec, in an interview with Kommersant.

    "This is the first country in NATO to acquire our newest air defense system S-400," Chemezov said.

    He also said that Turkey will pay 45% of the total amount of the contract as an advance, while 55% will be with Russian credit funds.

    "We plan to begin the first deliveries in March 2020. The …

  • Media: Russian Khmeimim military base in Syria attacked with missiles

    Interfax news agency reported that two missiles approaching the Russian-operated Syrian airbase at Khmeimim were shot down by the Pantsir-S1 system. A third missile failed to reach the airbase at all.

    The AMN publication claims that two missiles were shot down in the province of Idlib, bordering Latakia. It says that Russian helicopters are patrolling the area from which rockets were allegedly fired.

    The Russian military operation in Syria began on September 30, 2015. The Russian Air Force …

  • Russia blames ‘mix-up of space launch sites’ for the recent failure during its Soyuz rocket launch

    The Soyuz-2.1b rocket that fell in the Atlantic Ocean soon after launch, drowning all 19 satellites, was, according to Russian Deputy Prime Minister Dmitry Rogozin, “adjusted for Baikonur.” That is, the data fed into the launch system was based on the assumption that the Soyuz-2.1b would be launched from the Baikonur space launch site, which is in neighboring Kazakhstan, while in fact the rocket was launched from the Vostochny cosmodrome in the Amur region.

    “The launch was adjusted for …

  • Russian Finance Minister promised to hide transactions aimed at moving capital back to Russia

    If, next year, the Russian Ministry of Finance issues Eurobonds for businessmen who are interested in moving their capital back to Russia, the information about these investors, their names and amounts, will be protected from the Western financial system by the Russian banking system and the Central Depository, Russian Minister of Finance Anton Siluanov told journalists.

    “If our businessmen want to avoid revealing the movement of their capital, they can act through Russian banks. If they open …

  • Putin: too many people in Russia live below the poverty line

    Speaking at a meeting with cabinet ministers, Putin said that one of the country’s main unresolved problems is a large number of people living on income below the poverty line, TASS reports.

    The Head of State noted that there are now 20 million poor people in Russia, and recalled that recently the figure had been 15 million people.

    "The economic crisis of recent years, the decline in oil prices, and some other causes - including external constraints - have done their dirty work, and the …