• Kremlin: Russia lost over 6 billion dollars due to sanctions

    Russian export companies lost 6,300 billion dollars due to economic sanctions from the West, reports Russian news agency Interfax, citing a report by the Ministry of Economic Development of Russia. This figure is based on the department's experts’ data collected at the end of 2018. 

    The report notes that the European Union is a leader in the number of restrictive measures in respect of Russian goods. It has implemented exactly twenty-five sanctions. In the second place is Ukraine, which …

  • Former US ambassador urges American businessmen to leave Russia immediately

     The arrest of the US citizen Michael Calvey, founder of Baring Vostok, the largest direct investment firm in Russia, should be perceived as a signal for all American businesses that continue to operate in Russia, believes Michael McFaul, former US ambassador to Moscow. 

    According to McFaul, the incident with Calvey, who has been sent to a pre-trial detention center for 2 months due to a corporate conflict surrounding Vostochny bank, shows that it’s time for Americans to close up shop in …

  • Iran asks Russia for $5 billion 

    The Iranian parliament approved a decision to borrow $5 billion from Russia in a session on Sunday. 

    According to MehrNews, the Iranian lawmakers voted for amendments to the budget law which would include Russian money on the list of state revenue sources for the coming financial year, which will begin on 21 March (the year 1398 according to the Persian calendar). 

    The funds will be allocated to infrastructural projects, including nuclear energy, electrical energy, railway transport, as well …

  • Three explosions set off near DPR leader’s residence in Donetsk

    Three powerful explosions blasted in the center of Donetsk. Two of them took place not far from the Donetsk People’s Republic (DPR) leader’s residence building, reports RIA Novosti, citing the DPR authorities. 

    DPR's Ministry of Internal Affairs clarified that one of the explosions was set off several hundred meters from the hotel where the OSCE Special Monitoring Mission staff is stationed. Another one went off nearby on a vacant lot. According to preliminary data, nobody was hurt. 

    The DPR …

  • United Arab Emirates buys Russian Kornet and Pantsir missile systems

    The United Arab Emirates has signed a contract with Russia for the purchase of Kornet-E anti-tank missile systems and Pantsir anti-aircraft missile systems, UAE Brigadier General Mohammed Hassaini stated at the international exhibition of weapons and military equipment IDEX in Abu Dhabi. 

    “The cost of the contract amounted to 146.92 million dirhams ($ 39.7 million) and more than 45 million dirhams ($ 12.1 million) for Kornet-E and Pantsir, respectively,” TASS quoted the general as saying. He …