• Poland concerned by outflow of Ukrainian workforce

    Polish employers are afraid that when other western countries open their labor markets, a significant number of Ukrainians may flow out of Poland, leaving a gap in the Polish labor market which will need to be filled, the Polish newspaper Rzeczpospolita writes.

    According to the analysts, 7% of the work force has left Ukraine since 2015, moving primarily to Poland. However, they are starting to relocate from there to other western countries. Polish Work Service estimates that as many as 59% of …

  • Russian nuclear submarines no longer 'invisible' to the United States

    Russian nuclear submarines are no longer "invisible" to the United States and can be easily detected by the U.S. military aircraft. The October 23-29 issue of the weekly Military-Industrial Courier newspaper published in Russia indicates that the U.S. "is actively working on new ways to detect Russian submarines."

    According to the publication, during the recent naval exercises, officers from the submarine Severomorsk compared the flight trajectory of the American reconnaissance aircraft Orion …

  • Russia calls Ukraine and Georgia's accession to NATO a colossal problem

    During the Valdai Discussion Club, the Director of the Department of European Cooperation of the Russian Foreign Ministry, Andrey Kelin stated that the possible Ukraine and Georgia’s accession to NATO would become a colossal economic and military problem for Russia.

    “We will have to build a defensive belt near Sochi and spend enormous resources to prevent a possible attack from the potential enemy, it is inevitable,” TASS news agency cites Kelin as saying.

    Kelin added that Russia has a long …

  • Russia to help Venezuela cope with their crisis

    A group of officials from the Russian Ministry of Finance, the Ministry of Economic Development, the Russian Central Bank, the Federal Tax Service, and the Treasury, are visiting Venezuela at the invitation of the Venezuelan government, TASS news agency reports citing Andrei Lavrov, a spokesman for the Russian Finance Ministry. According to Lavrov, Caracas is anticipating an exchange of experience with the Russians in the field of economic reform.

    According to Lavrov, those who came to …

  • Chinese banks are closing Russian business accounts

    Chinese banks have begun purging themselves of Russian clients, closing company accounts left right and center, blocking payments, and refusing to process even the most simple operations, such as currency conversion, Skymax managing partner Igor Shibanov told RIA Novosti.

    According to Shibanov, who works both in mainland China and in Hong Kong, the problems began roughly one and a half years ago. Initially, companies that were placed on the US and EU sanctions lists were at risk, but now the …