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Russia’s natural resource hegemony continues to decline
With the lifting of sanctions against Iran and Tehran’s consequent participation in the global oil market, the price for Russia’s main export commodity—energy sources—continues to decline with no end in sight. With the fourth largest reserves in the world, Iran put its oil on the global market on Monday, contributing to oil prices dropping below $28 per barrel.
What is more, the recent events in the Russian gas supply market exacerbate the situation, as traditional markets for Russian natural …
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Protesters in Georgia Say No to Gazprom
Another political scandal is growing in Georgia. The authorities cannot give any clear explanation why the country suddenly needed Russian gas when there are no problems with the supply of "blue fuel" from Azerbaijan. Moreover, the Minister of Energy still refuses to elaborate on the details of negotiations with the Gaprom for some reason.
Former footballer and current chief power engineering specialist Kakha Kaladze at first had denied that there were any negotiations with Gazprom. Then he …
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Klimkin asks EU Diplomats to Attend Savchenko Trial
Pavel Klimkin, the Minister of Foreign Affairs of Ukraine, has asked Federica Mogherini, EU High Representative for the Common Foreign and Security Policy, to send European diplomats to court when the verdict in Nadia Savchenko’s case, a Ukrainia pilot, is made.
“I asked Federica Mogherini to ensure the diplomats’ presence at a crucial phase of Nadia Savchenko’s trial,” Klimkin wrote on Twitter.
“In light of the fact that the illegal criminal case against Nadia Savchenko is approaching its …
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Ukrainian Entrepreneurs to Get Access to European Funding Program
The Ukrainian Cabinet of Ministers adopted a draft agreement on the participation of Ukraine in the European Union program "Competitiveness of Small and Medium-Sized Enterprises” (COSME). The press service of the Ministry of Economic Development and Trade indicated that Ukrainian small and medium businesses will have access to 2.3 billion euros.
"It will create an ocean of new opportunities for Ukrainian entrepreneurs. Firstly, it's assistance with entering foreign markets because the …
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Russia to Cut Funds For International Space Station
Russian media reports that the state authorities are planning to reduce the cost of maintenance of the International Space Station in the next decade.
According to the newspaper Izvestia in the latest draft budget for the 2016-2025 years, the cost of servicing the ISS will be around 3.3 billion dollars (252.1 billion rubles), which is 10 percent less than was suggested in the draft budget drawn up in April last year.
The Russian Space Agency is one of five departments that control the station …