• Media: no agreement reached between Israel and Russia on deployment of Syrian troops near Israeli border

    Israel and Russia have not reached agreement on the withdrawal of Iranian forces from the Syrian southwestern border with Israel, reports the newspaper Times of Israel with reference to Israeli officials.

    Senior Israeli official also told Kaan TV Channel that Israel is negotiating this issue both with the Russians and the US and wants to achieve the removal of Iranian forces from all of Syria, not just the south.

    Earlier, the Israeli media, in particular Channel 10, reported that Israel …

  • Damascus demands the US withdraw from Syria

    Damascus stated that the US must withdraw from Syria.  “Presence of the US in Syria is illegal. The Americans must leave the military base that they established in the town of al-Tanf,” stated the Minister of Foreign Affairs of Syria, Walid Muallem, at a press conference in Damascus, Mehr News Agency reports.

    "Do not believe the statements about the security agreement in southern Syria until the United States withdraws its troops from the al-Tanf," the minister said.

    Muallem thanked Iran for …

  • $41 billion transferred out of Russia in one year

    Russian businesses’ and the wealthiest citizens’ funds continue to flow into offshore zones through the sale of company shares and the issuance of loans, Russia’s Central Bank reported.

    In the last year, $42 billion (2.5 trillion rubles) flowed out of Russia into offshore accounts. This was 15% more than the federal budget spent to support the national economy, and twice as much as the amount allocated to education and healthcare combined. Cyprus remains the “magnet” attracting Russian money, …

  • Egypt rejects 63 tons of Russian grain

    Russian grain traders once again have problems supplying the primary export market. Egypt, which accounts for roughly one quarter of all Russia’s wheat exports, has rejected a large 63 ton batch, finanz.ru reports.

    The grain was transported by ship for Egypt’s state GASC (General Authority For Supply Commodities), but Egypt’s Ministry of Agriculture refused to accept it, having detected an above-normal concentration of ergot – a fungal parasite which is toxic to humans.

    Whereas the …

  • Kyiv may tighten monetary policy and impose currency restrictions if IMF does not give next tranche

    The National Bank of Ukraine (NBU) warned that it may tighten monetary policy and impose currency restrictions if the International Monetary Fund does not release a fifth tranche to Ukraine.

    "We have been talking through the possible scenarios in the case there is no tranche. If inflationary pressures increase, it will strengthen our monetary tools to contain inflation. We will impose certain restrictions on potential capital outflows," NBU Governor Yakiv Smoliy told journalists on Thursday. …