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Russian submarine spotted near Israeli coast
About three months ago, an Israeli missile boat spotted a Russian submarine 15 kilometers (8 nautical miles) off the Tel Aviv coast, reports Yedioth Ahronoth publication without reference to the source of information.
The submarine violated the border as the 22-kilometer coastal strip is considered Israeli territorial water. The Israeli General Staff, using the communication line between the Navies, asked the Russian military for clarification.
A short time after this request, the Russian …
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Russia loses $13 billion on arms deals
With increasing frequency, Russia is receiving no payment for its arms exports, which are second in quantity only to the US’s, due to the practice of giving loans to buyers, and due to US sanctions blocking dollar transactions.
At the end of 2018, the accounts receivable on the balance sheet of Russia’s defense export agency, RosOboronExport, including all of the debt for arms that were delivered but not paid for, reached 812.9 billion rubles, around $13 billion at current exchange rates, RBC …
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Ukraine’s Naftogaz strikes again at Gazprom
Naftogaz of Ukraine has managed to have the accounts of GazAsia Capital S.A., the company that placed Gazprom’s yen-denominated eurobonds, frozen, Interfax reports, citing a memorandum on the Russian company’s new eurobond placements.
GazAsia Capital S.A. is an SPV company, created for a specific purpose. Through it, Gazprom placed 10-year bonds for 65 billion yen (approximately $595 million) in December last year. Now, GazAsia does not have the right to make payments to Gazprom, Lenta.ru …
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Kremlin admits: Billions stolen in construction of Vostochny Cosmodrome
More than 10% of the funds allocated to the construction of the Vostochny Cosmodrome were stolen, said Kremlin Spokesperson Dmitry Peskov on Monday, November 11. “A total of 11 billion rubles (around $172 million) was stolen, 3.5 billion rubles ($55 million) has been recovered,” Peskov said, noting that, overall, the equivalent of $1.4 billion was allocated to the construction of the spaceport.
Putin’s press secretary noted that, at first, 128 court cases were initiated, although these were …
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Russia’s Gazprom sues EU for loss of Nord Stream 2 capacity
Nord Stream 2 AG, the Swiss subsidiary of the Russian company Gazprom, has taken the EU government to court regarding the gas legislation amendments that prohibit the Russian company from using more than 50% of the capacity of the Nord Stream 2 gas pipeline.
As reported by Interfax, Gazprom informed potential investors about the start of the litigation through a memorandum on the placement of Swiss franc-denominated eurobonds that is scheduled to take place in mid November.
Gazprom believes …