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Russian oil giant Rosneft reports losses in Venezuela
In its annual IFRS report and presentation on Tuesday, the Russian energy company Rosneft reported that it has a total of $4.4 billion invested in the Venezuelan economy as of the start of 2019.
$2.3 billion, more than half of the total, is in the form of loans to the Venezuelan state-owned oil company PDVSA, which have been issued since 2014 as prepayments for oil.
PDVSA has received a total of roughly $6.5 billion from Rosneft, although two thirds of this debt has already been paid off. …
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Russian Defense Minister orders to expedite new missile development to counter US
Russia will have to develop new types of weapons in a limited time frame in response to the US’s withdrawal from the Intermediate-Range Nuclear Forces (INF) Treaty, Russian Defense Minister Sergey Shoygu said in a conference call on Tuesday.
The defense industry has been given two years to create a ground-based variant of the Kalibr system with the long-range cruise missile that “proved itself” in Syria according to Shoygu.
“In this same time frame, we will have to create a ground-based …
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European Court of Human Rights to start hearings on Ukraine’s lawsuit against Russia in the end of February
In 2019, the European Court of Human Rights will consider 5 lawsuits submitted by Ukraine against Russia for "aggression in the Crimea and the Donbas", Ukrainian Minister of Justice Pavlo Petrenko announced.
“First hearings on a case of Ukraine against Russia on human rights violations in the Crimea will take place in the ECHR on February 27,” Vice Prime Minister of Ukraine Pavlo Rozenko wrote on Facebook.
According to Rozenko, the claims about human rights violations in the Crimea, …
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Russian recruitment offices refuse to grant veteran status to soldiers fighting in Syria
Russian soldiers who have participated in combat in Syria are fighting to obtain official recognition as combat veterans and pension supplements for their families, Kommersant reports.
In the Russian city of Vladimir, a court has awarded a lawsuit filed by the widow of a Russian officer killed in Syria against the local recruitment office, which refused to pay her pension supplements for the loss the family breadwinner. The issue is that the recruitment offices in Russia refuse to recognize …
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Media: three subsidiaries of Russian Space Agency are in a financial crisis
RIA Novosti reports,citing materials presented at the meeting between the head of Roscosmos Dmitry Rogozin and Russian President Vladimir Putin, that the financial condition of three subsidiaries of the Russian State Space Corporation, Roscosmos is in a crisis.
According to Roscosmos’ documents, measures are being taken to improve the financial state of the State Organization "Gagarin Research & Test Cosmonaut Training Center", Federal governmental enterprise "Scientific-and-testing center …