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Kremlin loses $3 billion in 3 days to gold price drop
The biggest drop in the international gold price in more than a year has had a drastic effect on the value of the Bank of Russia’s reserves.
In just over three trading days, the price per troy ounce slipped by 3.4% from $1,330 to $1,285, and had fallen by 2.6% at the end of last week, the worst result since May 2017, finanz.ru reports.
The price reached an intraday low of $1283.3 on Monday, the lowest price since 25 January.
For the Bank of Russia, which is buying all the gold that is being …
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Russia sets conditions for the continuation of gas transit through Ukraine
Russia has linked the continuation of gas transit through Ukraine to EU countries with Kyiv implementing a number of conditions. Among other things, the signing of a new agreement depends on the stability of the political situation, said Prime Minister Dmitry Medvedev in an interview with Luxemburger Wort newspaper, published on Tuesday, March 5th, on the official page of the Russian government.
According to Medvedev, it is also necessary to regulate relations between companies interested in …
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Russian frigate Admiral Gorshkov passes through the English Channel
Russian frigate Admiral Gorshkov and its accompanying ships have entered the English Channel, TASS reports, citing the press service of the Russian Northern Fleet.
The frigate is accompanied by the multifunctional logistics support vessel Elbrus, the rescue tug Nikolai Chiker and Kama sea tanker. Before leaving the North Sea, the frigate and ships underwent communication practice and coordinated the procedures of passing through narrow channels. The squad is wrapping up a long journey from the …
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US ambassador calls for audit of Ukrainian defense industry conglomerate
US Ambassador to Ukraine Marie Yovanovitch believes that an audit of the Ukrainian state defense industry concern Ukroboronprom will assist the fight against corruption in the national security sector.
According to her, the decision to perform the audit needs to be made by the Cabinet of Ministers, RBC-Ukraine reports.
“The Ukrainian government should also audit Ukroboronprom and declassify the orders. This will help the fight against corruption in the national security and defense sector… It …
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US to give Ukraine new types of weapons
The US plans to supply Ukraine with sniper systems and possibly weaponry for the Navy, said General Curtis Scaparrotti, Supreme Allied Commander Europe of NATO Allied Command Operations and Commander of the US European Command, the Voice of America reports.
“Sniper systems, ammunition and, taking into account the situation at the Kerch Strait, we may discuss naval systems in future,” Scaparrotti said during a hearing of the US Senate Committee on Armed Services in response to a question from …