Saudi Arabia has a record number of world oil deposits. This can cause a major imbalance of the oil market.
The oil experts agree that Saudi Arabia is trying to gain a bigger share on the European Market.
Currently Saudi Arabia is on its way to making more oil deals. This can be a major problem for Russia as one of the major oil producers.
For 13 year, Saudi Arabia has accumulated record deposits of crude oil. On August of this year they came up to 326 615 barrels (approximately 44.55 …
US Secretary of State, John Kerry, has warned Putin of the Russian role in Syria and their support for Assad.
President of Russian Federation, Vladimir Putin has negotiated a personal meeting with the government officials from US, Turkey, Jordan and Saudi Arabia. It looks like Putin is trying to secure support from these countries and he might be successful.
On October 19th, John Kerry confirmed that the talks in Vein with the representatives of these countries will start shortly.
In the …
"Turkey will shoot down any aircrafts violating the country's airspace."
The statement was made on Saturday, October 17 by Ahmet Davutoğlu the Turkish Prime Minister.
"Yesterday we shot down a drone. Had it been an aircraft we would have done the same. Our rules of engagement are well known. We will repel anyone violating our borders"
On October 16 Turkish F-16 aircrafts shot down a drone of an unknown manufacturer.
A military statement said the aircraft was shot down after it ignored …
Standard & Poor’s kept Russia’s credit Rating at BB+ level, below investment grade.
The rating was initially cut down to junk level at the end of January 2015.
S&P stripped Russia of its investment grade in January for the first time in a decade as plunging oil prices and sanctions over the conflict in Ukraine push the world’s largest energy exporter into its first recession since 2009. The penalties have locked Russian corporate borrowers out of international debt markets, spurred capital …
British delegation to OSCE has requested from Russia an explanation on how TOS-1 thermobaric rocket launcher ended up in Kruglik village of Luhansk which is under control of pro-Russian separatists.
Sian MacLeod, the Head of UK Delegation to the OSCE , says that there has not been any official reply yet.
The TOS1 Rocket launcher, known as Buratino, is manufactured in Russia and they have never been exported to Ukraine.
On September 26th OSCE observers have found at least 36 tanks of an …
Iran enters Syrian conflict
Iran has openly entered the Syrian conflict sending 3000 of its elite troops of the Iranian Revolutionary Guard Corps in support of the President Bashar Assad.
Iranian troops have been deployed to central and northern parts of Syria where they have been joined by Hezbollah fighters.
On October 10, General Hossein Hamadani , one of the commanders of the Iranian Revolutionary Guard Corps was killed in the area of the Khanasser Highway in Southern Aleppo.
Norway said it will send refugees entering from Russia back.
Syrian refugees which arrive in Norway through Russian border will be sent back if they previously have stayed in Russia for a lengthy period of time.
“Some persons who apply for a refugee status have lived in Russia for a long time. This would imply that they are not escaping war or poverty and do not require Norway to provide their safety since Russia has already done so " said the justice and national safety minister of Norway …
The Defender of Ukraine Day was celebrated on October 14th.
A "March of Heroes” took place in Kharkiv.
The event was organized by a civic branch of the Azov battalion and joined by the activists of Pravy Sektor, Shidniy Corps special unit and the residents of Kharkiv.
Almost 1500 people took part in the event. The national anthem was sung and patriotic songs were chanted. The soldiers of 92th brigade displayed their battle flag.
Andriy Biletskiy,the founder of Azov battalion, now a …
ISIS Leader killed
ISIS has confirmed the death of one of its prominent leaders. Abu Bakr al-Baghdadi was killed in Iraq when his convoy was hit by an air strike.
United States disclosed this information as early as August 21 but the official confirmation from ISIS appeared only now.
Russian air strikes
During the last day Russian planes conducted as many as 90 air mission over Syria. Russia says that the main targets of these missions were the fortified positions of ISIS over Latakia, …
25 year old Activist of Ukrainian revolution will become the head of Odessa Customs Department.
Yulia Marushivska can become the head of the Customs of southern Ukrainian region as early as next week.
The statement was made by Mikheil Saakashvil, the Governor of Odessa region, in an interview to Odessa local Channel 7.
He is confident that this woman will become the winner of the contest for this position.
He also added that the customs department will be having all new personnel which will …