Norway is upgrading its defense capabilities due to 'unpredictable actions' of Russia
The Prime Minister of Norway, Erna Solberg announced that Norway has begun a large scale strengthening of its defense capability and an upgrade of the military sector for protection from unpredictable actions by the Russian Federation, Deutsche Welle reported.
According to the proposed law that should be approved by the Parliament, Norway plans to increase its military budget by 165 billion crowns (17.5 billion Euros) during the next 20 years. Solberg said the planned upgrade is the largest …
NATO: It will be possible to talk about normal relations with Russia only after Ukraine's territorial integrity is restored
The Chairman of the NATO Military Committee, General Petr Pavel recently spoke about NATO’s unflagging support of Ukraine, noting that a return to normal relations with Russia won’t be possible until the restoration of Ukraine’s territorial integrity within its active borders.
“The NATO-Ukraine meeting was a constituent part of defense ministry negotiations that have recently ended. Negotiations of the same format will be held with the President of Ukraine, Petro Poroshenko in Warsaw, in July,” …
WIthdrawal of heavy weapons agreed on in several areas in the Donbas
Advisers to the heads of the sates of the Normandy quartet agreed on three pilot sites for troops and weaponry withdrawal in eastern Ukraine.
The Deputy Head of Administration of the President of Ukraine, Kostiantyn Yeliseyev, met with the advisers to the heads of the Normandy Four states and an OSCE Representative in Minsk.
"The meetings were held with the advisers to the heads of the Normandy Four states. Participating in the meeting with me were the advisers to the German Chancellor, the …
Putin announces plan to create new economic union with China
During his opening speech at the St. Petersburg Economic Forum, Russian President Vladimir Putin announced that a new Euro-Asian Economic Union is being planned. The Union will include China as one of its members, as reported by the Russian Gazeta.ru news portal.
“In June together with China we are planning to establish a vast Euro-Asian partnership,” Putin stated. He didn’t disclose any specific details of this partnership.
At the same time Putin called on all Russian partners in the already …
Ukrainian businessman Yaroslavksy considers purchasing Russian bank
Ukrainian businessman Oleksandr Yaroslavsky is considering the possibility of purchasing one of the three “daughters” of Russian banks in Ukraine, including the “daughter” of Russian Sberbank. “I have considered investing in the banking sector, including the investment in the “daughter” of Russian Sberbank. However, no specific steps had been taken in this direction,” Yaroslavsky stated in his interview with Interfax-Ukraine.
In early June, the Deputy Chairman of the National Bank of Ukraine ( …