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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 …
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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 …
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Ukraine awarded the sailors who prevented the capture of their vessel by Russian warship
The Minister of Infrastructure of Ukraine, Volodymyr Omelyan, awarded employees of the Marine Search and Rescue Service and the crew of the Ukrainian boat for their actions in an incident that occurred near the Crimean coast on April 24th, as reported on Friday by the press service of the department.
The report says that the seamen were awarded for "having repelled the unlawful actions of the Russian vessel in the Black Sea." Six people were awarded.
"Our sailors did not give up, they saved …
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Russian fighter jet approched US reconnaissance aircraft at distance of 6 meters over the Black Sea
A Russian fighter flew six meters from an American reconnaissance aircraft in the skies above the Black Sea, as reported by NBC News citing a representative of the U.S. Naval Forces Europe, Pamela Kunze.
The incident occurred on May 9th. The Russian Su-27 approached the American P-8A Poseidon when it was performing routine operations in international airspace, NBC notes. According to Kunze, the commander of the American aircraft considered the actions of the Russian fighter safe and …
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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 …