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Media: Poroshenko sells one of the largest shopping centers in Moldova
Chisinau-based Twins Estate S.R.L. acquired a stake in one of the largest shopping centers in Chisinau, Gemenii S.A. (former Detsky Mir department store), which, according to media reports, was owned by the current president of Ukraine, Petro Poroshenko, Interfax-Ukraine reports with reference to the company’s press release.
The Competition Board approved the contract for the sale at the end of last week and it has come into force. However, the terms of the transaction, amount of funds …
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Russian warships approach Latvian border
Three ships belonging to the Russian Navy entered Latvia’s exclusive economic zone, reported Interfax citing news agency, BNS. The National Armed Forces of Latvia told the agency that the frigate Boikiy, the corvette Passat and the landing ship Minsk were sighted 12 nautical miles away from the border of the country. The ships are part of the Russian Navy.
The area of the sea they are in is part of Latvia’s exclusive economic zone. The Latvian Ministry of Defense noted that over the past four …
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Belarus completely stops accepting oil from Russia
Belarus has completely stopped accepting oil through the Druzhba pipeline until all the poor quality oil has been removed. At the same time, Russia claims that the oil contamination was deliberate sabotage.
Andrey Verigo, CEO of the Druzhba pipeline’s operator, Gomeltransneft Druzhba, announced that Belarus had completely stopped accepting Russian oil through the pipe on Tuesday morning. Transit is expected to resume on 2 May, but only to a limited extent. Verigo believes that it will take “at …
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Russia withdraws ambassador to Belarus less than a year after his appointment
Russian Federation Ambassador to Belarus Mikhail Babich was recalled from his post, reported the Russian edition of Kommersant with reference to several high-ranking sources.
“This has been discussed since last week,” said one of the publication’s sources.
A few hours after the President of the Russian Federation Vladimir Putin signed the decree it was published on the Kremlin website. The publication says that Babich has been relieved of his duties as the Ambassador and Russia's special …
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Venezuelans transfer $300 million to Russian banks
The amount held by Venezuelan entities in Russian banks grew by 29% to $1.16 billion in the fourth quarter of 2018, according to statistics from the Bank of Russia. Venezuelan companies and individuals transferred $337 million to Russian credit organizations over the three month period.
This increase could be the result of Venezuelans transferring funds from American banks due to the risk of sanctions, observes analyst Dmitry Monastyrshin from Promsvyazbank. “It could be legal entities or …