Tag Archives: Russian

Consumer prices to fall in Crimea with new bridge link to Russian mainland – Putin

The newly built bridge connecting Crimea with mainland Russia will lower consumer prices on the peninsula thanks to regular traffic flow, according to Russian President Vladimir Putin. Read more  “Some prices are higher in Crimea than in the neighboring Krasnodar and Rostov regions,” Putin said during his Q&A session on Thursday. The situation will change when the Crimean Bridge is ...

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Russian reserve fund to get a $35 billion boost – Finance Ministry

The National Welfare Fund of Russia will be replenished by 2.2 trillion rubles (about $ 35 billion) this year, according to Finance Minister Anton Siluanov. Read more It was created after the Stabilization Fund of the Russian Federation was split into two separate investment funds in 2008 – the NWF and Reserve Fund. The latter was emptied by the end ...

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Swiss lawyer jailed for telling tales about Russian business clients to British & US agencies

Matthew Parish, a lawyer from Geneva, has been sentenced to two months in a Swiss jail for libel and breaking attorney-client privilege after two Russian oil traders accused him of blackmailing them. According to a criminal complaint filed against Parish by Murat Seitnepesov and Konstantin Ryndin last month, the lawyer made public false allegations to make them pay a heavily ...

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India to proceed with purchase of Russian S-400 units despite possible US sanctions

India will proceed with the purchase of Russia’s S-400 surface-to-air missile units despite possible US sanctions, the country’s defense minister has confirmed, citing a “time tested” relationship between Delhi and Moscow. “In all our engagements with the US, we have clearly explained how India and Russia’s defense cooperation has been going on for a long time and that it is ...

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Russian Defense Minister invites CIS allies to take part in Syria settlement

Russian Defense Minister Sergey Shoigu has told his colleagues from the Commonwealth of Independent States (CIS) bloc that their nations are welcome to participate in restoring peaceful life in Syria. Speaking at the recent session of the Council of Heads of Defense Ministries of the Commonwealth, Shoigu stated that the main part of Syrian territory had been liberated from terrorists ...

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Russian Duma introduces hefty fines for promoting banned anonymity on internet

Russian lawmakers have passed a bill that introduces fines for search engines that give users prompts on using the so called anonymizers – computer programs that allow bypassing government restrictions to access banned web sites. The freshly passed bill, orders that ordinary citizens who contribute to situations in which search engines show users links to anonymizer pages should be fined ...

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Arctic to tropics: India welcomes first-ever shipment of Russian liquefied natural gas

Russia’s energy giant Gazprom has started supplying liquefied natural gas (LNG) to India. The first cargo docked on Monday at the Petronet LNG terminal in India’s westernmost state Gujarat. India’s Oil Minister Dharmendra Pradhan said his country will import LNG from Russia worth an estimated $ 25 billion over the contract period of 20 years. Supplies will come from Gazprom’s ...

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US about to slap disobedient European firms with sanctions over Russian gas project

The White House is on the verge of introducing penalties against companies engaged in the construction of the Nord Stream 2 gas pipeline, which will deliver Russian natural gas to the EU across the Baltic Sea. The US government is planning to sanction European corporations that joined the pipeline project, which is led by Russian state-owned energy giant Gazprom, three ...

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Rothschild to help sanctioned Russian billionaire Deripaska to sell stake in company

Russian energy and metals conglomerate EN+ has hired investment bank Rothschild to sell owner Oleg Deripaska’s stake in the firm in a bid to have US sanctions lifted. The step comes as the energy-to-aluminum group tries to meet an August 5 deadline to seek a reprieve from the US Treasury. En+ is aiming to reduce Deripaska’s stake from 66 percent ...

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Russian city names street after fighter pilot killed in anti-terrorism operation in Syria

Authorities in the Russian Far East city of Vladivostok have named a street after Major Roman Filipov – the air force pilot who was killed while fighting Islamic State terrorists in Syria’s Idlib province in February. The press service of the Vladivostok city administration reported on Monday that one of the new city streets will bear the name of Air ...

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