• Claim of Naftogaz and Gazprom in Stockholm exceeds $65 billion

    The next court hearing is scheduled in autumn.

    The total amount of the claim between the National Joint-Stock Company, Naftogaz of Ukraine, and the Public Joint Stock Company, Gazprom in the Stockholm Arbitrage Court has exceeded 65 billion dollars, as Naftogaz reports on its Facebook page.

    According to the statement, the amount of Naftogaz’s claim on the contracts for the purchase, sale and transit of natural gas amounts to more than 26.6 billion dollars.

    In turn, the amount of the …

  • In planning for military development, Russia will take into account US project to modernize nuclear weapons

    Russia will factor into their military planning the US decision to start production on a modernized nuclear bomb in 2020, the head of the State Duma Defense Committee and former Black Sea Fleet Commander, Admiral Vladimir Komoedov, told Interfax.“I think, of course, we will take this into account in military planning,” he said.On Tuesday, there was news that the US National Nuclear Security Administration has begun preparations for the production of a new modernized nuclear bomb, the B61-12. …

  • Kerch Strait Bridge project is falling behind schedule

    The construction of the railway approaches to the Kerch Strait Bridge from Crimean side is six months behind schedule because officials forgot to identify the project’s customer in official reports.

    According to Forbes, the construction did not start because the state customer for this type of work wasn't identified in the federal targeted program on the development of Crimea and Sevastopol. The approaches must connect the railway part of the bridge with the railway network of Crimea. It will …

  • Experts: Russia's economic recession affects all sectors

    Russia is experiencing a recession this year, so it is too early to speak about the recovery of the economic activity of the country, according to the experts at Russia's National Research University Higher School of Economics (HSE), RBC reports.

    The report states that the compression process of the economy was a "broad front" and has affected all sectors (except for wholesale trade) and, as a result, "the economy has not only reached the previous low, but has gone below it."

    Experts note …

  • Russia announces that new laser weapons have been developed and tested

    Russian Deputy Minister of Defense Yuriy Borisov claimed that the Russian army has already adopted a number of different types of laser weapons, equipping themselves with weapons based on new principles of physics.

    According to the Russian media, Borisov spoke at the event marking the 70th anniversary of the All-Russian Scientific Research Institute of Experimental Physics. The Deputy Minister said these are not exotic devices or prototypes, but models that have already passed the testing …