• Russia’s biggest American investor placed under 2 month arrest in Moscow

    Russia’s legal system continues to dampen the country’s already troubled investment climate.

    Michael Calvey, founder of Baring Vostok, the largest direct investment fund in Russia with more than 80 projects and $3 billion in capital invested in the Russian economy, was arrested by the Basmanny District Court of Moscow on Saturday and sent to a pre-trial detention center for two months.

    A graduate of the University of Oklahoma and the London School of Economics and Political Science, Calvey …

  • Erdogan: Turkey will not cancel S-400 deal with Russia despite US pressure

    President of Turkey, Recep Tayyip Erdogan, announced that Turkey will proceed with the purchase of Russian S-400 anti-aircraft missile systems, despite the United States pressure, reports the Hurriyet Daily News. 

    "We have concluded our deal with Russia on the S-400. Thus, there can be no question of its cancellation. Everything has been decided," said Erdogan said. 

    At the same time, he noted that Turkey remains open for the purchase of the U.S Patriot system, but only under certain …

  • Kremlin: Russia starts developing intermediate-range ground-based missile

    Russia has started developing an intermediate-range ground-based missile, said Russian Deputy Foreign Minister Sergey Ryabkov during a panel session of the 55th Munich Security Conference.

    “Russia has begun the scientific and technical and development work in this regard, just like the US,” he said.

    Ryabkov noted that, on 2 February, Russian President Vladimir Putin said that Russia will not deploy short or intermediate-range missiles anywhere until American missiles appear there.

    “The US …

  • Lavrov: Russia has no artificial deadlines for peace treaty with Japan

    Russia is not setting itself any “artificial deadlines” for signing a peace treaty with Japan, Russian Foreign Minister Sergey Lavrov said at the end of the 55th Munich Security Conference on Saturday.

    “Russia has no artificial deadlines whatsoever. We are calmly explaining to our Japanese colleagues that nothing of the sort can be planned,” he said. “We will proceed on the basis of the 1956 Declaration.”

    “This stipulates an incontestable first step towards signing a peace treaty,” the …

  • Russia tests nuclear power engine for its new Burevestnik cruise missile

    The nuclear power unit for Russia’s subsonic Burevestnik cruise missile successfully passed testing at one of the country’s testing ranges in January, which means that the Burevestnik missile will have a virtually unlimited flight range, TASS reports, citing a source in the missile construction sector.

    “In January at one of the testing ranges, the most important stage of testing for the Burevestnik subsonic missile system was successfully completed – the testing of the nuclear power unit,” the …