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Keyword: russiaeconomy

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  • Has the BRICs bubble burst?

    03/28/2016 7:04:35 AM PDT · by Lorianne · 7 replies
    Guardian UK ^ | 27 March 2016 | Simon Tisdall
    Brazil, Russia, India, China and South Africa seem to be failing to justify predictions of 21st century domination ___ The political crisis in Brazil over economic mismanagement and high-level corruption, likely to come to a head next week, has reinforced the fashionable view, popular among western governments and businesses, that the Brics bubble has burst. Members of the exclusive Brics club of leading developing countries – Brazil, Russia, India, China and South Africa – are failing to justify predictions that, separately and together, they will dominate the 21st century world, or so the argument goes. The Brics concept, plus acronym,...
  • Russia retreats to autarky as poverty looms

    10/19/2015 1:54:20 AM PDT · by elhombrelibre · 19 replies
    Daily Telegraph ^ | 18 Oct 15 | Ambrose Evans-Pritchard
    Vladimir Putin is falling back on Soviet-era self-reliance as oil wealth evaporates and sanctions cut off vitally-needed technology Russia is running out of money. President Vladimir Putin is taking a strategic gamble, depleting the Kremlin's last reserve funds to cover the budget and to pay for an escalating war in Syria at the same time. The three big rating agencies have all issued alerts over recent days, warning that the country's public finances are deteriorating fast and furiously. There is no prospect of an oil revival as long as Saudi Arabia continues to flood the market. Russia cannot borrow abroad...
  • Russians advised to pull their money out of banks and prepare for 'black market in cash'

    02/06/2015 8:26:31 AM PST · by Perseverando · 14 replies
    Business Insider ^ | February 06, 2015 | Tomas Hirst
    A columnist for Russia's Vedomosti newspaper, a joint venture between the Financial Times and The Wall Street Journal, has advised readers to pull their savings out of banks and convert them into physical dollars. The ruble has tanked over the past year, falling over 50% from 33 rubles to the dollar to 67 rubles at market open Friday. The collapse in the currency's value has helped drive up prices in the country, which is heavily reliant on imports, with inflation surging to 15% in January. Now, it seems, it is affecting sentiment on the streets. Andrey Panov, a freelance columnist...
  • Inflation in Russia is so crazy that officials are considering price controls

    02/04/2015 4:14:25 AM PST · by elhombrelibre · 19 replies
    Business ^ | 3 Feb 15 | Elena Holodny
    Food prices are out of control in Russia. So now, Russian officials are even thinking about putting a price cap on "essential food products," reports the Moscow Times. "We will see how to efficiently place [the restrictions] into law," the deputy prime minister Arkady Dvorkovich said. He also added that the government may give "the state competition watchdog more power in enforcing existing retail market regulations," reports the Moscow Times.
  • Russia's Downgrade Paints A Horrific Picture Of Economic Collapse

    01/09/2015 6:09:24 PM PST · by blam · 50 replies
    The Telegraph (UK) - BI ^ | 1-9-2015 | The Telegraph (UK)
    The Telegraph (UK) January 9, 2015 Fitch has downgraded Russia's credit rating and painted a horrific picture of a struggling economy rocked by a collapsing rouble, falling oil prices, high inflation and declining international reserves. The ratings agency cut the country to BBB- from BBB with a negative outlook, meaning further downgrades are possible. But it was the language Fitch used in its reasoning that was most shocking. Russia's economic outlook "has deteriorated significantly" in just six months, Fitch stated. Gross Domestic Product will shrink 4pc this year, the agency added, far worse than the 1.5pc contraction it previously expected....
  • Putin’s Military Spending Is Killing Economy, Vodka Will be Cheaper in 2015

    01/06/2015 6:50:44 AM PST · by elhombrelibre · 9 replies
    International Business Times ^ | 31 Dec 14 | Athena Yenko
    Russian President Vladimir Putin's excessive military spending is killing Russia's economy. Days before 2015, analysts were already one in warning that Russia would not be able to paddle through 2016-2017. Mr Putin's ostentatious military spending, as well as generous social benefits, dominated Russia's expenditure in 2014. Mr Putin had reportedly spending too much in military even before Russia's annexation of Crimea in March. Thirty-three percent of the country's 13.96 trillion roubles were spent in social benefits while 32.5 percent were spent in defence and security. "Without cutting military spending and raising the pension age, we won't muddle through," an unnamed...
  • Western Banks Cut Off Liquidity To Russian Entities

    12/16/2014 5:42:31 PM PST · by Kartographer · 61 replies
    ZeroHedge ^ | 12/16/14 | Tyler Durden
    As Zero Hedge first reported today, shortly before noon one (and subsequently more) FX brokers advised clients that any existing Ruble positions would be forcibly closed out because "western banks have stopped pricing USDRUB", over concerns of Russian capital controls. Ironically, it was this forced liquidation of mostly short RUB positions that pushed the RUB higher, which in turn had a briefly favorably impact on energy commodities and risk assets, as the market had by then perceived the Ruble selloff as excessive. Of course, since nothing had actually changed aside from a temporary market technical, the selloff promptly resumed into...
  • Currency Brokers: The Russian Ruble Is Hereby Halted Until Further Notice

    12/16/2014 2:18:02 PM PST · by SeekAndFind · 21 replies
    Zero Hedge ^ | 12/16/2014 | Tyler Durden
    Earlier, we reported that various currency brokers such as FXCM and FxPro, would - as a result of the soaring liquidity in the USDRUB pair - suspend trading in the Russian Ruble (while other merely hiked margins to ridiculous levels). It appears things have escalated again, and as FXCM just reported, instead of just politely advising clients not to open new USDRUB position tomorrow, it has advised anyone long, or short, the USDRUB that their positions will be forcibly shut in moments. So for those curious why there appears to be a collapse in Ruble volatility in the past...
  • Russia heading for crash as ruble plummets

    12/15/2014 2:41:40 PM PST · by Berlin_Freeper · 81 replies ^ | December 15, 2014 | Mark Thompson
    Russia's economy is crashing and its currency appears to be in free fall. The ruble plunged by about 12% Monday, meaning it's lost nearly 50% against the dollar this year. Early Tuesday in Russia, the central bank hiked its key interest rate for a sixth time this year to 17% from 10.5%.
  • Rouble in sharpest fall since 1998 as storm clouds gather for Putin

    12/15/2014 11:02:05 AM PST · by elhombrelibre · 5 replies
    Reuters ^ | 15 Dec 14 | Alexander Winning and Vladimir Abramov
    * RTS share index plunges 10 percent to 5-year low * Central bank seen intervening to support rouble * Putin's popularity in part based on stability (Recasts and update prices) MOSCOW, Dec 15 (Reuters) - The rouble plunged almost 10 percent against the dollar on Monday, its sharpest fall since 1998, and Russian assets sold off across markets, testing the firepower of the central bank and posing a major challenge for President Vladimir Putin. Traders said the slump in the rouble, down 49 percent against the dollar this year, forced the central bank to intervene in the market on Monday...

    12/16/2014 3:14:47 PM PST · by Star Traveler · 87 replies
    Associated Press ^ | Tuesday, December 16, 2014 | Josh Boak
    WASHINGTON (AP) -- Russia's suddenly escalating financial crisis risks spilling beyond its borders and endangering parts of the global economy. With economies in Europe, Japan, China and Latin America already ailing, fresh threats have emerged from Russia's shriveled currency, its move to dramatically boost interest rates, the damage from plummeting oil prices and Western sanctions over Russia's action in Ukraine. The alarming 10 percent drop in the ruble over the past two days has amplified the economic turmoil in Russia. Investors fear that Russia may default on its foreign debt obligations - a move that would inflict hundreds of billions...
  • Russia’s economy is tanking. But will it make Putin change course?

    10/13/2014 2:09:40 AM PDT · by elhombrelibre · 21 replies
    Washington Post ^ | 13 Oct 14 | Unknown
    MOSCOW — Deep into the worst conflict between Russia and the West since the Cold War, investors are fleeing, food prices are soaring and there are rumbles from Russia’s Westernized business elite that the nation needs to avoid repeating the economic mismanagement that broke apart the Soviet Union. Western sanctions have choked off financing to some of Russia’s economic juggernauts and denied crucial technology to the nation’s energy sector. But there is little evidence that the mounting economic pressures since the March annexation of Ukraine’s Crimean Peninsula will soften Putin’s policies toward Ukraine and other nations in the former Soviet...
  • Holland promises paradise to all gays of Russia

    11/12/2013 12:55:27 AM PST · by TexGrill · 17 replies
    Pravda ^ | 11/08/2013 | Lyuba Lulko
    Dutch authorities have officially declared that their country was ready to accept all Russian gays and lesbians who are allegedly suffering at home. All of them were promised political refugees the status. However, many observers believe that Amsterdam needs to slow down with such initiatives as they will not do the country any good. Dutch foreign minister Frans Timmermans said that given the plight of gays and lesbians in Russia, the Dutch government was ready to grant them political asylum. On Tuesday Frans Timmermans sent a letter to the parliament where he again condemned the Russian law banning the propaganda...
  • NATO, Russia say device used to scan crowds for explosives near completion

    10/30/2013 11:44:38 PM PDT · by TexGrill · 7 replies
    RT ^ | 10/31/2013 | RT
    NATO and Russia announced Wednesday that they have achieved the ability to target and locate bombs planted in large crowds, such as commuter hubs and sporting events. The Stand-off Detection of Explosives and Suicide Bombers system (STANDEX) "could help NATO allies and Russia prevent terrorist attacks such as those carried out on the public transport systems in London, Madrid and Moscow" in the past decade, NATO said in a video news release that included Russian partners. The project took four years and 4.8 million euros (US$6.6 million) of investment, paid for by NATO, Britain, France, Italy, Russia, Turkey, and the...
  • Russia Diverts US Military Inspectors’ Plane Due to Bad Weather

    10/30/2013 11:16:21 PM PDT · by TexGrill
    Ria Novosti ^ | 10/313/2013 | Ria Novosti
    CHITA, October 31 (RIA Novosti) – A plane with US military inspectors, heading to an airport in Russia’s southern Siberia under the international Open Skies treaty, had to divert to another location because of bad weather on Thursday, a police source said. The Open Skies Treaty, which entered into force on January 1, 2002, established a regime of unarmed aerial observation flights over the territories of its 34 member states to promote openness and transparency of military forces and activities. Russia ratified the treaty in May 2001. The plane with military inspectors, performing an observation flight above Russia in line...
  • Russia holds snap drills of strategic forces

    10/30/2013 9:00:07 PM PDT · by TexGrill · 3 replies
    Xinhua News Agency ^ | 10/31/2013 | Yang Yi
    MOSCOW, Oct. 30 (Xinhua) -- Russia has held snap drills of nuclear strategic forces, anti-missile and anti-aircraft defense systems, navy and strategic aviation, the Kremlin said Wednesday. "The launches of ballistic missiles have been carried out, the anti-aircraft and anti-missile defense systems have been employed, " Kremlin spokesman Dmitry Peskov told reporters. Space forces and the navy have also participated in the drills, which completed successfully with all training targets hit, he said. The drills were conducted under the direct command of President Vladimir Putin, he added. This year, Putin has introduced a practice of unexpected inspections of the armed...
  • Russia Charges More Greenpeace Activists With Hooliganism

    10/30/2013 3:00:39 AM PDT · by TexGrill · 12 replies
    Ria Novosti ^ | 10/30/2013 | Ria Novosti
    MOSCOW, October 29 (RIA Novosti) – Russian authorities have filed hooliganism charges against at least five more Greenpeace activists detained last month during a protest at a state-owned oil rig in Arctic waters, the environmental organization said. Greenpeace said on its Twitter account that Anthony Perrett of the UK and Russian freelance photographer Denis Sinyakov have been “presented with hooliganism charges by Russia's Investigative Committee.” Earlier in the day, Greenpeace spokeswoman Maria Favorskaya said the same charges had been brought against Argentinean nationals Miguel Hernan Perez and Camilla Speziale and Colin Russell of Australia. A dozen other activists have been...
  • Russia-bashing debunked

    10/20/2013 10:02:16 PM PDT · by TexGrill · 9 replies
    Asia Times ^ | 10/17/2013 | Saker
    Western political and financial elites absolutely hate Vladimir Putin and they are appalled at Russia's behavior, both inside Russia and on the international scene. This tension was quite visible on the faces of US President Barack Obama and President Putin at the Group of Eight summit at Lough Erne, where both leaders looked absolutely disgusted with each other. Things got even worse when Putin did something quite unheard of in Russian diplomatic history: he publicly said that US Secretary of State John Kerry was dishonest and even called him a liar. While tensions have reached some sort of climax over...
  • Stallone to Display His Artwork in St. Petersburg

    10/18/2013 12:56:55 AM PDT · by TexGrill · 7 replies
    Moscow Times ^ | 10/18/2013 | Ria Novosti
    WASHINGTON — Hollywood actor Sylvester Stallone will take a break from killing bad guys on screen to reveal his more sensitive side in a retrospective of his paintings that will be exhibited in St. Petersburg's Russian Museum later this month. "It's very, very flattering because there's so many great artists in the world," Stallone said Wednesday in an interview on the U.S. television show "Good Morning America." "But for some reason, they chose me to go over there and show this 40-year retrospective of all the paintings from the beginning up until now, which I thought was really odd. And...
  • Coming Out Day Ends in Fights, Arrests (Russia)

    10/16/2013 11:59:05 PM PDT · by TexGrill · 3 replies
    St. Petersburg Times ^ | 10/17/2013 | Sergey Chernov
    LGBT rights activists were prevented from holding an authorized Coming Out Day event on Saturday and were harassed and beaten by anti-gay protesters and arrested by the police. Police said a total of 67 people were arrested on both sides during disturbances at the site on the Field of Mars allocated by City Hall for demonstrations. Human rights activists said 86 people were detained. Despite the massive presence of OMON riot police, about 50 LGBT rights protesters were met by a more than 200-strong anti-gay crowd who blocked the entrance to the site in central St. Petersburg where the rally...
  • US ‘Itching’ to Join Russia in Anti-Asteroid Nuclear Defense – Report

    10/16/2013 11:48:37 PM PDT · by TexGrill · 5 replies
    Ria Novosti ^ | 10/17/2013 | Ria Novosti
    WASHINGTON, October 16 (RIA Novosti) – US scientists are “itching” to work with their Russian counterparts in putting nuclear weapons technology to use in new systems to defend Earth from threatening asteroids, an investigative journalism outlet reported Wednesday. “In recent years, advocates of the use of nuclear weapons to counter space threats have been gaining ground,” the non-profit Center for Public Integrity (CPI) said in an article posted on its website. “NASA is spending hundreds of thousands of dollars a year to study the idea, and the US nuclear weapons laboratories are itching to work with the Russians on it,”...
  • Dutch Diplomat Beaten in His Moscow Apartment (Russia)

    10/16/2013 2:20:17 AM PDT · by TexGrill · 6 replies
    Moscow Times ^ | 10/16/2013 | Moscow Times
    The Netherlands is seeking answers from Russia after a Dutch diplomat was beaten by unidentified assailants in his apartment in Moscow. The diplomat — identified by Russian media as Onno Elderenbosch, deputy chief of the Dutch embassy in Moscow — was returning home on Tuesday when he saw that the elevator in his building was out of order, Life News reported. After walking up to his fourth-floor apartment, he spotted two men dressed as electricians who were working on a fuse box. The men told him that the electricity seemed to be out in the whole building and said that...
  • Putin Urges Better Protection of Russian Arms Copyright

    10/15/2013 1:09:09 AM PDT · by TexGrill · 11 replies
    Ria Novosti ^ | 10/15/2013 | Ria Novosti
    MOSCOW, October 14 (RIA Novosti) – Russian President Vladimir Putin on Monday called for increased protection for Russian weapons manufacturers’ intellectual property rights on the global arms market. “The world arms market is rife with examples of illegal copying of others’ designs, and we have encountered these problems on past occasions,” Putin said at a meeting of the Russian Commission for Military-Technological Cooperation with Foreign States. “Our task is to ensure a high level of protection for our science-intensive goods and intellectual property, and defend the rights of Russian producers, companies and inventions’ creators,” Putin said. The president also urged...
  • US Lab in Georgia at Center of Storm Over Biological Warfare Claims (Russia)

    10/15/2013 1:01:37 AM PDT · by TexGrill · 3 replies
    Ria Novosti ^ | 10/15/2013 | Ria Novosti
    WASHINGTON, October 14 (RIA Novosti) – A US-funded laboratory in the former Soviet republic of Georgia, accused by a prominent Russian official Monday of developing biological weapons, has been repeatedly touted by US officials as a key tool in guarding the region against dangerous infectious diseases. “This laboratory has the potential to become a regional center for disease surveillance, research, as well as biosafety and security,” US Sen. Richard Lugar said in a speech last year at the christening of the laboratory that bears his name in the Georgian capital of Tbilisi, several months before he retired from the Senate....
  • Greenpeace ship captain denied bail in Russia hearing

    10/14/2013 9:47:51 PM PDT · by TexGrill · 10 replies
    BBC News ^ | 10/14/2013 | BBC
    A Russian court has rejected bail requests from the American captain of a Greenpeace ship and two other foreign activists involved in a protest against oil drilling in the Arctic. Skipper Pete Wilcox, 60, and campaigners David John Haussmann, 49, and Camila Speziale, 21, had appealed against a pre-trial detention order. They are among 30 people being held in the city of Murmansk on piracy charges. A bail hearing is due to take place on Tuesday for Briton Frank Hewetson. Mr Hewetson, 45, who was a logistics co-ordinator on the ship, will appear alongside Swiss activist Marco Weber and Cristian...
  • New Bill to Ease Rules for Foreign IT Pros (Russia: Snowden)

    10/14/2013 2:35:54 AM PDT · by TexGrill · 1 replies
    Moscow Times ^ | 06/29/2013 | anatoly Medetsky
    The government is mulling legislation that would open the door wider for foreign IT specialists that seek a job in the country. A brainchild of the Communications and Press Ministry, the bill would allow IT companies to skip some of the burdensome foreign labor rules. Currently, Russian law gives some leeway to all companies that offer their potential hires dubbed as "high-skilled foreign employees" at least 2 million rubles ($64,000) in annual compensation. If the ministry-sponsored bill becomes law, it will amend the legislation to reduce the threshold by half for IT companies. "The ministry wants to make it easier...
  • Lawmakers Say KGB Founder Statue Won't Return to Moscow

    10/14/2013 2:30:44 AM PDT · by TexGrill · 1 replies
    Moscow Times ^ | 10/14/2013 | RIA Novosti
    Moscow legislators backtracked on claims that they are considering the return of a monument honoring the founder of the Soviet secret police to the center of the city. The city parliament made no plans concerning the return of the statue of Felix "Iron Felix" Dzerzhinsky, legislature speaker Vladimir Platonov said on Ekho Moskvy radio Saturday. City lawmakers have no right to pitch such initiatives anyway and can only rule on their funding, said Platonov, a member of the ruling United Russia party. Fellow city lawmaker Andrei Metelsky said earlier Saturday that the Dzerzhinsky statue was a historical landmark and could...
  • Seagal to Promote Russian Rifle Model

    10/14/2013 1:12:55 AM PDT · by TexGrill · 18 replies
    Moscow Times ^ | 10/14/2013 | Lena Smirnova
    American action film star Steven Seagal will become the face of a new Russian firearm, the actor announced at a Moscow news conference Friday. Seagal also used the occasion to practice some local phrases, give two thumbs up to the Russian army and criticize the weapons used by President Vladimir Putin's bodyguards. The U.S. actor has established friendly relations with Putin, who shares a penchant for martial arts with Seagal, and Chechen President Ramzan Kadyrov. One of Putin's associates, Deputy Prime Minister Dmitry Rogozin, asked the American star earlier this year to lobby for easing restrictions on the sale of...
  • Russian food czar rejects imports for ‘patriotic’ fare

    10/13/2013 11:37:08 PM PDT · by TexGrill · 9 replies
    Japan News ^ | 10/14/2013 | Katelyn Fossett
    Katelyn Fossett / Foreign PolicyYou may not have heard of Gennady Onishchenko, but if his own accounts are to be believed, he’s the Russian government official who single-handedly averts major public health crises posed by foreign countries’ dangerously lax and unsophisticated food safety standards (including those in a certain country where the federal government has ground to a halt). To others, Onishchenko, Russia’s chief sanitary inspector, is also Russia’s chief manufacturer of elaborate food safety scares to wage geopolitically motivated trade wars with other countries, particularly former Soviet republics. On Wednesday, Onishchenko, the director of Rospotrebnadzor, Russia’s consumer-protection agency, announced...
  • Security Tight in Moscow after Mass Demonstrations (Russia)

    10/13/2013 10:07:09 PM PDT · by TexGrill · 2 replies
    China Radio International ^ | 10/14/2013 | Guo Jing
    Authorities in Moscow are on high alert in the city's downtown core, following mass demonstrations there on Sunday. Over 200 people have been arrested after rioting broke out south of the Kremlin complex. Earlier in the day on Sunday, angry demonstrators stormed a vegetable market in the area, searching for the person they believe is responsible for a murder. When police showed up to try to restore order, demonstrators eventually turned on police. Russian Interior Minister Vladimir Kolokoltsev is vowing to restore order. "Literally tomorrow, activate the work in relation to all of the vegetable warehouses, which are a constant...
  • Snowden to Hunt (for) Job in Russia: Attorney

    10/10/2013 1:30:43 AM PDT · by TexGrill · 5 replies
    China Radio International ^ | 10/10/2013 | Wang Wei
    Former contractor of the U.S. intelligence service Edward Snowden travels in Russia freely and looks forward to finding a job, his attorney said Wednesday. "He feels okay, travels and reads," Anatoly Kucherena, who acted as Snowden's solicitor during the American's month-long confinement in the transit zone of a Moscow airport, told reporters, adding the whistleblower does not work at the moment. The former employee of the National Security Agency will make up his mind "shortly," Kucherena said, explaining that Snowden's savings and donations from supporters allow him to lead "a modest life." The lawyer also said Snowden's father was coming...
  • Russia Says Greenpeace Activists Will Be Prosecuted

    09/25/2013 12:17:40 AM PDT · by TexGrill · 9 replies
    Chosun Ilbo ^ | 09/25/2013 | Chosun Ilbo
    Environmental activists who protested at a Russian Arctic offshore oil platform last week will be prosecuted and could face piracy charges punishable by up to 15 years in prison, Russian investigators said on Tuesday. They said the "attack," in which Greenpeace activists tried scaling the Gazprom-owned Prirazlomnaya platform, Russia's first offshore Arctic oil platform, violated Russian sovereignty. "When a foreign ship full of electronic equipment intended for unknown purposes and a group of people, declaring themselves to be environmental activists, try to storm a drilling platform there are legitimate doubts about their intentions," the investigators said in a statement. The...
  • Moscow issues Eurasian ultimatum (Russia)

    09/24/2013 10:55:56 PM PDT · by TexGrill · 27 replies
    Asia Times ^ | 09/24/2013 | M.K Bhadrakumar
    In politics or diplomacy it is seldom, if ever, that anything could be reduced to a matter of "all or nothing". Yet that's how Russian Prime Minister Dmitry Medvedev saw the choice before Ukraine. He was laying down the stark choice Russia would give its biggest neighbor (population 46 million) in the post-Soviet space. The context was the momentous decision by the Ukrainian government to approve the text of the country's Association of Agreement with the European Union. Moscow had fought a rearguard battle to preempt the development. The future trajectory of Ukraine's EU enterprise is poised to become a...
  • McCain lacks moral authority to lecture Russians

    09/22/2013 1:04:22 AM PDT · by TexGrill · 13 replies
    Pravda ^ | 09/20/2013 | Eliana Benador
    Barely within a week, we have read two articles coming out of Russia and America. The first one came from President Putin, a substantive, well-thought, elegant display arguing for the defense of international law, trying to calm down the initial bellicose American President Obama. Putin offered a sensical approach to reason on behalf of potential Syrian victims should an attack be launched against the Assad regime. While distancing himself from the al-Qaeda terrorists, Putin was welcoming at the same time the possibility to work again with Obama for the betterment of the Syrian situation. Today, the world woke up to...
  • Commie canine: ... the dog that looks like President Putin

    09/19/2013 10:32:21 PM PDT · by TexGrill · 15 replies
    Daily Mail ^ | 09/19/2013 | Chris Pleasance
    There are characteristics of dogs that particularly ruthless politicians might be happy to possess. Energetic, loyal, aggressive and deadly are just a few comparisons that might flatter a country's leader. But Russian President Vladimir Putin will probably be less than happy when he discovers that one internet user has spotted an eerie resemblance between him and this dog
  • Armed Russian officials storm Greenpeace ship ...

    09/19/2013 10:25:29 PM PDT · by TexGrill · 15 replies
    Daily Mail ^ | 09/19/2013 | Nick Lester
    Armed Russian officials have boarded a Greenpeace ship and arrested activists, including six Britons, protesting against oil drilling in the Arctic, according to the environmental group. The Arctic Sunrise is in the remote Pechora Sea in the Russian Arctic, near to Russian oil company Gazprom's Prirazlomnaya oil platform to try and prevent attempts to drill for oil in the region. Greenpeace said the Russian coastguard abseiled onto the Arctic Sunrise from helicopters and arrested 25 protesters on-board, including six UK nationals.
  • Fire Erupts at Nuclear Submarine in Russia’s Far East

    09/15/2013 11:28:17 PM PDT · by TexGrill · 20 replies
    RIA Novosti ^ | 09/16/2013 | RIA Novosti
    VLADIVOSTOK, September 16 (RIA Novosti) - A fire that broke out Monday morning at the K-150 Tomsk nuclear-powered submarine, which was undergoing maintenance works at a dock in Russia’s far eastern Primorye Territory, has stabilized, a source at the headquarters of Russia's Pacific Fleet told RIA Novosti. "The situation is being monitored. However, we can already say that the situation has improved, and the smoke is subsiding," the source said. The fire erupted early Monday morning during welding operations on the submarine, a spokesman for the local Emergencies Ministry’s department said, adding that 13 firefighting units from the Pacific Fleet...
  • Government to Establish Airfield to Boost Arctic Presence

    09/15/2013 10:49:28 PM PDT · by TexGrill · 3 replies
    Moscow Times ^ | 09/15/2013 | Alexander Bratersky
    The Defense Ministry will establish a permanent airfield in the Arctic as part of Russia's plan to boost its presence in the oil- and gas-rich Arctic Ocean and facilitate shipping on the Northern Sea Route, officials said at a meeting chaired by Defense Minister Sergei Shoigu. The ministry announced the plans following a journey of several Northern Fleet ships, including the Peter the Great nuclear-powered missile cruiser, in the Arctic late last week. "We have come, and we'll stay there forever. This is the beginning of a big journey," First Deputy Defense Minister Arkady Bakhin said. "Our presence will lower...
  • Russia's 'outsourced' jihadis come home

    09/15/2013 7:32:53 PM PDT · by TexGrill · 3 replies
    Asia Times ^ | 09/13/2013 | Dmitry Shlapentokh
    The Kremlin has a new problem on its hands: battle-hardened jihadists who have acquired experience in Syria and elsewhere bringing their militant fervor back home to the Northern Caucasus. Recognition that hundreds of jihadists are ready to return will certainly influence Moscow's policies. Kremlin folk might have to reconsider their tactics; not only their tactics - but their tacit "outsourcing" of jihadists to other parts of the world. Dokku Umarov, jihadi leader in the North Caucasus of the southern Russian provinces of Chechnya, Ingushetia, Dagestan and Kabardino-Balkaria, has reportedly agreed to a deal with Emir Salautdin, who controls North Caucasus...
  • Leo Tolstoy’s Last Days in Yasnaya Polyana. Archives

    09/11/2013 1:02:38 AM PDT · by TexGrill · 5 replies
    RIA Novosti ^ | 09/09/2013 | RIA Novosti
    Leo Tolstoy was born 185 years ago today, on September 9, 1828. This archive video tells the story of the last days of the giant of Russian literature and the fate of his family estate, Yasnaya Polyana.
  • Russia develops sixth-generation unmanned fighter aircraft

    09/10/2013 12:01:18 AM PDT · by TexGrill · 3 replies
    Pravda ^ | 08/30/2013 | Oleg Artyukov
    Russian aircraft designers are working on the creation of the sixth-generation unmanned fighter aircraft, Russian Army General Peter Deinekin stated last week. At present, Russia tests its fifth generation fighter T-50 (PAK FA). At the same time, experts believe that many European states will not be working on the fifth-generation combat aircraft - they will jump to the sixth one, in which primary attention will be paid to drones. According to Peter Deinekin, Russia can not afford skipping one generation of aircraft after all economic difficulties. The development of the fifth generation fighter aircraft was inevitable. According to him, one...
  • Russian children get gay love books from the West

    09/04/2013 10:00:36 PM PDT · by TexGrill · 11 replies
    Pravda ^ | 09/04/2013 | Yuri Nosovsky
    Representatives of the LGBT community like to point out that remarkably creative people are abundant in their community. This is a correct statement, considering the level of creativity with which the idea of homosexuality is promoted and propagated among children in the Russian hinterland by some publishers. This is evidenced by a scandalous story that recently took place in Vladimir. Another "book" scandal erupted in Vladimir, Russia. Local Ombudsman for Children Gennady Prokhorychev came across children's literature of a very specific nature in a local bookstore. Formally, the book was one of the many "encyclopedias" on the burning topic of...
  • Russia warns citizens against visiting countries that extradite to the US

    09/02/2013 10:40:17 PM PDT · by TexGrill · 3 replies
    RT ^ | 09/03/2013 | RT
    With Russian citizens being arrested abroad and being subsequently extradited to the United States become more frequent, the Russian Foreign Ministry has issued a warning advising travelers to carefully choose their destinations. “The incidents in which Russian citizens are detained in various countries of the world upon request of US law enforcers who seek to extradite and prosecute them in the United States has increased. The last such cases were the arrests of Dmitry Ustinov in Lithuania, Dmitry Belorossov in Spain Maksim Chukhrayev in Costa Rica and Aleksander Panin in the Dominican Republic,” reads the press statement on the Foreign...
  • Laser Attack Reported Near Moscow Airport (Russia)

    08/28/2013 10:43:36 PM PDT · by TexGrill · 21 replies
    RIA Novosti ^ | 08/29/2013 | RIA Novosti
    MOSCOW, August 29 (RIA Novosti) - Unknown people pointed a laser beam at a passenger jet as it was preparing to land outside Moscow late Wednesday, the Russian Interior Ministry’s transport department has reported. The purported laser attack targeted a Tupolev Tu-204 jet, bound from the city of Krasnodar in south Russia to Moscow, as the plane was approaching Vnukovo Airport, a department spokesman told RIA Novosti on Thursday. The plane landed normally, and all 220 passengers and 8 crew were unhurt, despite the jet's pilot saying he had been blinded by the beam, the Life News tabloid reported. An...
  • Painting of Putin Seized; Artist Flees to France

    08/28/2013 9:25:23 PM PDT · by TexGrill · 5 replies
    Moscow Times ^ | 08/29/2013 | Reuters
    ST. PETERSBURG — Police seized a painting of Russia's president and prime minister in women's underwear from a gallery in St. Petersburg, prompting the artist to flee the country. The artist, Konstanin Altunin, headed to France to request asylum,Tatyana Titova, the director of the museum that hosted the paintings, told The Associated Press. Police said they had taken the paintings from the “Museum of Power” gallery late Monday after receiving reports they were illegal. The officers also removed a picture of the head of the Russian Orthodox Church, his torso covered in tattoos, and two others poking fun at lawmakers...
  • Policemen Shoot Drunk Chainsaw Attacker Near St. Petersburg

    08/28/2013 12:16:59 AM PDT · by TexGrill · 6 replies
    RIA Novosti ^ | 08/28/2013 | RIA Novosti
    MOSCOW, August 28 (RIA Novosti) – Policemen shot and wounded a man near St. Petersburg Wednesday after he tried to attack them with a chainsaw, a Russian Interior Ministry spokesman said. Police received a telephone alert that a man from Kazakhstan was threatening a woman in the Leningrad Region village of Taitsy with a running chainsaw, apparently while under the influence of alcohol, the spokesman said. After two policemen arrived at the scene the suspect turned the chainsaw on them, and after firing three warning shots one of the officers fired several rounds at the assailant.
  • What makes Russia's Vityaz better than USA's Patriot?

    08/27/2013 11:15:33 PM PDT · by TexGrill · 18 replies
    Pravda ^ | 08/27/2013 | Andrei Mikhailov
    The town of Zhukovsky in the Moscow region is getting ready for the International Aviation and Space Salon MAKS-2013, Russia's major air show. It is expected that the show will present a variety of new products of international level. For the first time ever, the air show is going to present the unique anti-aircraft missile system S-350E. Russian helicopter-making companies will unveil new developments in the industry. The air show that is held near Moscow every year gradually becomes an authoritative political event. As for the level of development of high-tech industries, particularly the aerospace industry, - this level is...
  • Russia to begin development of its largest oil fields

    08/27/2013 11:05:43 PM PDT · by TexGrill · 3 replies
    Pravda ^ | 08/27/2013 | Pravda
    In Russia's Nenetsk Autonomous District, the development of several large oil fields is about to be launched. The joint venture of Bashneft and Lukoil - Bashneft-Polus - has started to extract oil in the oil fields of Trebs and Titov, albeit in a trial mode. By the end of 2013, the company plans to increase the total production capacity to 300,000 tons of hydrocarbons. Afterwards, oil will be shipped to the Varandeisky oil export terminal on the coast of the Barents Sea. In 2016, Bashneft-Polyus is going to exploit these major oil fields in industrial scale. By 2020, the level...
  • Navy Hovercraft Gives Sunbathers a Fright During 'Normal' Training Exercise (Video) (Russia)

    08/23/2013 12:03:49 AM PDT · by TexGrill · 12 replies
    Moscow Times ^ | 08/23/2013 | Moscow Times
    Sunbathers look on as the giant hovercraft parks up on the beach. In a scene straight from an apocalyptic film, hundreds of sunbathers basking on a beach in the Kaliningrad region were startled by giant waves and a shattering crash as a Russian Navy hovercraft rolled ashore. Several witnesses captured the Zubr's landing on their cell phones while Russian marine soldiers from the Baltic Fleet jumped onto the beach, put up a barricade, and tried to shoo onlookers away from the ship. Realizing they were in no danger, the beach-goers in Mechnikovo happily got on with the rest of their...
  • Russians launch dedicated center to fight ‘atheist extremism’

    08/22/2013 3:06:50 AM PDT · by TexGrill · 52 replies
    RT ^ | 08/22/2013 | RT
    A group of activists connected with the Russian Orthodox Church are setting up a center against atheist extremism which, according to them, is promoted mainly by foreign-sponsored organizations. The decision was announced this week at a meeting between city residents and deputies of a district council that was held near the pilgrimage center of the Moscow Patriarchate, in south-west Moscow. “The atheist extremism is currently rearing its head. It is sponsored by various funds and NGOs with roots outside Russian borders,” reads the first statement released by the new movement. The group claims that their enemies are opposing citizens’ lawful...