• Russian ruble wiped out by capital outflow

    The Russian currency market continues to sink due to the risk of sanctions and the outflow of foreign capital, finanz.ru reports.

    After gaining 2.05 rubles on Wednesday, 1.11 on Thursday, the US dollar gained a further 1.24 rubles during trade on Friday, reaching 67.8975 rubles, the highest since April 18, 2016. The euro appreciated by 48 kopeks for the day and 3.11 rubles since the start of the week, updating its 4-month high to 77.43 rubles.

    There is a growing lack of foreign currency in …

  • Russian warships enter the Mediterranean Sea

    Two Northern Fleet ships, the large anti-submarine ship Severomorsk and missile cruiser Marshal Ustinov entered the  waters of the Mediterranean Sea from the Atlantic after undergoing repairs, Interfax reports citing the press-service of the Northern Fleet.

    The crew of the Marshal Ustinov performed air defense drills and checked the readiness of its weapons and technical systems. The Severomorsk crew practiced fighting surface vessels. The press service noted that the ships crossed the Strait …

  • President of Kazakhstan announces ‘historic decision’ on the Caspian Sea

    President of Kazakhstan Nursultan Nazarbayev said during the presentation of infrastructure of the Caspian port Kuryk that the adoption of the Convention on the Caspian Sea's Legal Status would be a historic decision. The Convention is expected to be signed at the summit which begins on August 12, Tengri News reports.

    Nazarbayev said, “Over the past 20 years, we have been conducting very difficult negotiations, coordinated our positions to resolve all issues of our joint work on the Caspian …

  • Iran decides to bring enriched uranium back from Russia

    Tehran has decided to bring back the batches of highly enriched uranium from Russia which it had removed from the country as part of the nuclear deal, reported the Fars news agency, citing Behrouz Kamalvandi, spokesman for the Atomic Energy Organization of Iran (AEOI).

    “When we signed the nuclear deal, we stopped production of 20% fuel and deposited the excessive fuel in Russia in nearly 10 batches. We received the first batch nearly seven months ago and the second batch is about to be …

  • Drone attacks on Russian military base in Syria continue

    The Russian military in Syria has shot down another drone near its Khmeimim air base. The drone was reportedly launched from the militant-controlled de-escalation zone in Idlib.

    This was reported by the Russian Center for the Reconciliation of Opposing Sides in Syria in a statement on the Russian Defense Ministry’s website.

    The report states that it was a strike drone, and belonged to the terrorists. It was shot down by an anti-air weapon at a safe distance from the Russian air base. No one …