• Russia demands prosecution of Syrian Turkman who shot Russian pilot

    The Russian Ministry of Foreign Affairs has demanded that Turkey arrest the leader of an insurgent group of Syrian Turkmen, Alparslan Celik, and bring him to justice for the murder of Russian pilot Oleg Peshkov, as reported by Russian Foreign Ministry spokeswoman, Maria Zakharova, on the agency’s website.

    In an interview with the Turkish newspaper Hurriyet, Celik confessed to participating in the shooting of the pilot after he ejected from his Su-24 bomber that was shot down by a Turkish F-16 …

  • Russia to bolster defense in Armenia

    Last week, Russian Defense Minister Sergei Shoigu and his Armenian counterpart Seyran Ohanyan signed an agreement on the creation of a Joint Regional Air Defense System in the Caucasian Collective Security Region.

    “During the talks, we discussed a broad range of issues of cooperation in the military and military-technical spheres. The plans of bilateral cooperation of the defense ministries were signed for the next year,” Shoigu stated.

    Armenia is home to two Russian military bases and 4,000-5 …

  • Russian ruble hits lowest level in a year

    On December 30th, the Russian ruble reached its lowest level against the U.S. dollar in a year, falling to 73 rubles and 20 kopecks to the dollar.

    The ruble lost 40 percent of its value last year. Its present value is 20 percent lower than a year ago. This is an indication of how the Russian economy has suffered from Western economic sanctions and falling oil prices.

    Russia's economy was hit hard by the sanctions imposed by the United States, the European Union and other countries. The …

  • Kerzner: Ukraine will be one of the best places to invest

    The Honorary Consul of Ukraine in Jerusalem, the founder and owner of the City Capital Group, Ofer Kerzner, together with other representatives of the business circles of Israel met recently with the President of Ukraine, Petro Poroshenko.  During the meeting they discussed the creation of the most favorable conditions for investments in the country’s economy.  Mr. Kerzner, who is an investment pioneer and has over 20 years of experience in Ukraine, shared details of his work. He told them how …

  • Russia has destroyed 1,800 tons of food since August

    From August 6th to December 28th, the Russian government destroyed 1,762 tons of goods as part of the government's counter-sanctions in response to those imposed by the European Union and the US. The Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) reported to the news agency Interfax that 1,647 tons were for crop production and 115 tons were for livestock breeding.

    Since August 6th there may have been as much as 2,500 tons of smuggled goods destroyed including …