Russian Government Considering 10 Percent Budget Cut

The Russian Federation plans to start the year by again making budget amendments including a 10 percent spending cut due to the sharp decline in oil prices and the economic recession, Reuters reported. According to their sources, after a meeting with the Russian Prime Minister, Dmitry Medvedev, it was decided to adjust approved spending to 90% of the previously approved amount. "We have the minutes from the meeting. According to it, government offices are required to create new budget …


Construction of the South Stream Pipeline Postponed

The construction of the South Stream Pipeline remains suspended, as reported by Bulgarian National Radio based on Russian sources. Earlier the Standard, a Bulgarian newspaper, stated that the construction of the South Stream Pipeline may resume in the next few weeks. They reported that their sources stated that the delay is due to the deterioration of Russian-Turkish relations and the refusal of the Turkish Stream project which was discussed as an alternative to the South Stream.

On Monday, a …


Political Analyst: Poroshenko's Presidency Won’t Last Into 2017

Petro Poroshenko’s ratings as the current President of Ukraine will become critically low in the summer and autumn of 2016, according to one political analyst. As a result, he will be unable to hold on to his office.

This forecast was made by Ruslan Bortnik, the head of the Ukrainian Institute for Analysis and Management of Politics, during the press conference with the news agency GolosUA.

“Our president has only a year left. The same prediction has been made by his allies and the members of …


OSCE Observers Recorded Thirty-two Tanks in Occupied Donbas Region

On the 9th of January, observers of the OSCE Special Monitoring Mission (SMM)to Ukraine recorded 32 tanks (T-72 and T-64) in the temporarily occupied territories which are under the control of the so-called Donetsk People’s Republic (DPR). The tanks were seen in Ternov, 57 km east of Donetsk, the report says.

The report notes that observers also found a T-64 tank the next day on the 10th of January in the territory that is controlled by the so-called Luhansk People’s Republic (LPR), in Uspensk, …


Russia to Stop Exporting Electricity to Ukraine

Russia decided not to renew contract negotiations on the supply of electricity from Russia to Ukraine after its refusal to buy Ukrainian electricity for Crimea. According to the newspaper Kommersant, “Russia will stop commercial energy supplies to Ukraine. The contract will not be renewed in its last year.”

The Russian Federation’s Ministry of Energy stated that “Russia does not negotiate about the supply of electricity from Russia to Ukraine. We will not renew the present agreement, as …