The Belarusian KGB confirmed on Sunday that it has detained prominent businessman Yury Chizh on suspicion of large-scale tax evasion, Interfax reported. 

Chizh, the owner of the Belarusian firm Triple, has been a close adviser to President Alexander Lukashenko since the early 1990s, and has long been referred to as one of the President’s main sponsors.

Sources indicate that Chizh has recently fallen out of favor with the Belarusian government.

If convicted, Chizh could serve up to 7 years in …

Prohibiting national banks from opening branches in Ukraine and other unfriendly countries can disrupt their commercial and financial activities, as stated by Russian Federation Council member Sergey Kalashnikov.

The Federation Council called the proposal made by the Communist party to prohibit Russian banks from opening branches in Ukraine and other unfriendly countries senseless. According to the Deputy Chair of the Economic Committee of the Russian Duma Sergey Kalashnikov, "so we can build …

Russia announced that the first S-300 anti-aircraft missile systems will be delivered to Iran in August or September of this year. This statement was made y Sergey Chemezov, the CEO of Rostec Corporation amid reports of problems in the implementation of the agreement. The Russian newspaper Kommersant, citing an unnamed Russian official, had written on March 9th that there were problems with payments.

According to the report, the contract signed last fall assumes that Iran will pay one billion …