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Russia puts its air defense systems into a state of high readiness following North Korea’s missile launch
The air-defense systems in the Far East region of Russia have been placed into a state of high readiness following North Korea’s missile launch. While Russia understands that it is not the target of the launch, it must protect itself from possible incidents, stated the Chairman of the Defense and Security Committee of the Russian Federation Council, Victor Ozerov, RIA Novosti news agency reports.
On Sunday, North Korea fired a missile from its launch site near its border with China, in the …
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US Navy cruiser escorts Russian submarine to the Mediterranean Sea
The Krasnodar cruise missile submarine of the Russian Navy entered the Mediterranean Sea under escort of an American Ticonderoga-class guided-missile cruiser, Russia’s Interfax news agency reported.
According to the news agency, the Russian submarine navigating above water passed Europa Point, located in the south of the Gibraltar peninsula under "close watch" of the American warship.
Earlier, on May 5, the British warship Somerset shadowed the Russian Krasnodar submarine during its passage …
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Media: repairs to Russian aircraft carrier Admiral Kuznetsov to cost almost $700 million
Four boilers of the primary power unit will be replaced during repairs to the Russian aircraft carrier Admiral Kuznetsov. The Granit missile system will most likely remain on the ship as before. The cost of upgrading could amount to as much as 40 billion rubles ($700 million), a source familiar with the situation told Interfax news agency.
The source pointed out that the Granit system will not be replaced “due to financial reasons”. As for the boilers of the primary power unit, two of the four …
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Russia to strengthen its Black Sea fleet with another frigate and two submarines
In 2017, the Russian Black Sea fleet will receive another new frigate and two submarines, as stated by the Commander of Russia’s Black Sea Fleet Admiral Alexander Vitko, TASS news agency reported.
"By the end of the current year, we are expecting the addition to the Black Sea Fleet of another “Admiral series" frigate and two more 636.3-Kolpino and Novgorod project submarines , “ said Vitko in Sevastopol at the celebration event of the 234 anniversary of the Black Sea Fleet.
Vitko noted that " …
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The outflow of capital from Russia almost doubled in 2017
The Bank of Russia announced a significant increase in the capital flight from Russia in January-April 2017. According to the regulator, net amount of transfer of capital by the private sector during this period was $21 billion. This is more than double that of the first four months of the previous year ($9.8 billion).
"In contrast to the situation a year ago, the main factor in the net outflow was the transfer of the funds by the banking sector overseas following the continued increase of …