• Syrian opposition seeks surface-to-air missiles to defend against Russian airstrikes

    Representatives of the Syrian opposition who rely on the support of Saudi Arabia have called on western allies to supply surface-to-air missiles to defend against Russian military aircraft, Reuters reported. As stated by the Press Secretary of High Negotiations Committee (HNC) of the Syrian opposition, Salem al-Muslat, air defense systems "would solve the Syrian problem" and would protect the civilian population "from any kind of air strikes, including Russian." He also stressed that such …

  • NATO is working to strengthen the Ukrainian army

    NATO will continue to coordinate with Ukraine on a daily basis and work to strenghten the Ukrainian Armed Forces, an anonymous senior NATO official told Radio Svoboda.

    "The parties have already identified the main objectives for cooperation. In Kiev, a group of NATO defense consultants is constantly working to help their Ukrainian colleagues enhance the combat readiness of the armed forces and to carry out reforms. Everything is being improved: from the operational plans to procurement systems …

  • German businessman has won another legal victory over Russia

    German businessman, Franz Sedelmayer, has won another legal victory over Russia.  He is currently striving for the sequestration of Russian property abroad due to the expense of lost investments in St. Petersburg.

    The First Instance Court of the French town of Draguignan had refused to recognize and implement the decision of the St. Petersburg court with regard to the extraction of taxes and fines from Sedelmayer totaling an amount of 65.6 million dollars.  This was reported by the Kommersant …

  • Poroshenko to IMF: Ukraine will continue reforms despite crisis in relations in the government

    The President of Ukraine, Petro Poroshenko, held a phone conversation with the Managing Director of the International Monetary Fund, Christine Lagarde, in which an agreement was reached to prepare a road map for reforms, the Press Service of the President stated.

    As noted, Poroshenko stressed that Ukraine will continue reforms despite the crisis in relations between the government and the parliamentary coalition.  In addition, the President stressed the need to restart the Cabinet of Ministers …

  • Turkey's FIBA Holding puts Russian Bank up for Sale

    Russia’s business daily, Kommersant, reported that the bank with the largest holdings of Turkish capital, Credit Europe Bank, is for sale in Russia. According to the representatives of the publication, the sale is being made due to the deterioration of Russian-Turkish relations, as well as the overall economic stagnation in Russia. One of the sources in the banking market reported that the search for potential buyers for Credit Europe Bank started in the middle of January.

    Financial giant  …