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Russia Says Inflation Could Hit 17% By March

Moscow (AFP) - Inflation in Russia could hit 17 percent this year, the deputy economy minister said Wednesday, as the ruble suffers on the back of slumping oil prices. "Peak inflation will come in...

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Medvedev: A Return To Russia's Past Would Be A 'Monstrous Mistake'

MOSCOW (Reuters) - Russia will not cut itself off from the world because any return to the past would be a "monstrous mistake", Prime Minister Dmitry Medvedev said on Wednesday.Medvedev, whose country...

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Samsung Unveiled Its New Super-Cheap Smartphone – And It Sounds Like A...

After lots of delays, Samsung just unveiled its new budget Tizen smartphone. It's called the ZI and it comes in white, black, and wine red.The ZI was originally touted for sale in Russia in 2014 but...

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Russian Finance Minister: We'll Lose $45 Billion If Oil Is At $50 In 2015

Russia must cut expenditure to cover what could be a more than $45 billion drop in revenues this year if the average oil price is $50 a barrel, Finance Minister Anton Siluanov said on Wednesday.In...

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Americans Evacuated To Russian Section Of Space Station After Alarm Sounds

The American crew on the International Space Station (ISS) has been evacuated to the Russian section due to an issue with the cooling system, US space agency NASA said. In a brief mission status...

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Russian Economy Minister Cites Lenin Saying 'The Era Of Peace Is Over'

Russia's economy minister Alexei Ulyukayev borrowed a quote from communist revolutionary Vladimir Lenin in his speech to the Gaidar Forum in Moscow today.Ulyukayev cited the founder of the Soviet Union...

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Russian Bank Chair: 'The Entire Economy Will Be Under Control Of The State'

The chairman of one of Russia's biggest state-owned banks said that if the authorities don't take control of the situation, the economy will continue to nationalize."We will have one big state; our...

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These Diagrams Reveal How To Do Business With People Around The World

Dealing with the Russians is nothing like dealing with the Chinese, and dealing with the Germans is nothing like dealing with the French. Indeed, despite globalization, cultural habits and preferences...

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Sweden Confirms It Launched A Second Hunt For A Suspected Russian Submarine...

Sweden's military spokesman confirmed on Jan. 11 that the country had carried out a second search for a suspected Russian submarine just shortly after a high-profile sub hunt concluded in late October....

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Russia Is Constructing An Arctic Stronghold 30 Miles From The Finnish Border

Russia has started moving troops towards a new military installation that's 31 miles from the Finnish border, Damien Sharkov Newsweek reports citing a press statement from Russian admiral Vladimir...

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Iran Just Announced The Construction of Two New Nuclear Plants

Iran has begun construction on two new nuclear plants as negotiations with America over its contested program continue in Geneva, according to Iranian President Hassan Rouhani.Construction of the...

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Russia's Economic Crisis Is Affecting The Future Of The Brooklyn Nets

Russia's tanking economy and currency might have something to do with the possible sale of the Brooklyn Nets.For months there have been rumors that Mikhail Prokhorov, the owner of the Brooklyn Nets, is...

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The Ukraine Crisis Isn't Going To End In 2015

The Ukraine crisis is a complex drama with multiple dimensions, theaters and actors, which makes tracking, explaining, and predicting where it is headed particularly difficult.Its various parts are,...

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Russia Is Losing Control Over The European Gas Market

Oil isn't Russia's only problem. The energy exporter is losing its dominance over the European gas market.In the past there were two factors that kept Russia as the major gas powerhouse: European...

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Russia Just Made A Bold Move To Keep Its Gas Leverage On Europe

On Wednesday Russia's announced that it will shift all its natural gas flows to Europe via Turkey, instead of Ukraine, reports Bloomberg News."...the Turkish Stream is the only route along which 63...

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Brooklyn Nets Owner Mikhail Prokhorov Isn't The Only Russian Billionaire...

Russian billionaire Mikhail Prokhorov caused a stir among sports fans this week with news that he mightsell his majority stake in the Brooklyn Nets basketball franchise.But the $1.3 billion New York...

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Putin's Closest Ally Wants Closer Ties To The West

Belarusian President Alyaksandr Lukashenka has vowed to improve ties with the West, which are badly strained, and warned Russia not to oppose the effort.Speaking to parliament on January 15, Lukashenka...

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Here's The Deal With The CIA's Weird Russian Tweet

On Thursday the CIA tweeted a cryptic quote by Russian novelist Boris Pasternak, the author of "Doctor Zhivago."Check it out below:Я писал роман для того, чтобы он был издан и прочитан и это остаётся...

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Russia Threatens Ukraine With Forced Default Over $3 Billion Loan

Russia is threatening to call in its $3 billion loan to Ukraine early in a move that could push the war-torn country into default.Last week Russian Finance Minister Anton Siluanov announced that...

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Putin Is Taking Control Of The East Black Sea

Throughout the Russia-Ukraine conflict, I’ve referred to the "Georgia precedent": the idea that Russia's invasion of Georgia in 2008 showed Vladimir Putin how much he could get away with in terms of...

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