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Russia created a credit rating agency, which is great for Russia because...

Sick of getting downgraded, Russia is launching its own new rating company that will be immune to geopolitical risks."The Russian market needs a strong credit rating agency with a high level of...

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Here are the break-even oil prices for 13 of the world's biggest producers

Low oil prices haven't been great for countries that heavily rely on the commodity.Governments in oil-producing states need oil's price to stay above a certain price so that they can meet their...

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Another suspected Russian soldier was caught with a truck full of ammunition...

Ukrainian border guards detained a soldier suspected of being a Russian army officer who was picked up while riding in a military truck packed with ammunition at the Berezove checkpoint, about 28 miles...

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Putin fired more than 100,000 people

Vladimir Putin has fired 110,000 people.The Russian president signed a decree two weeks ago that reduced the number of full-time staff in the interior ministry of Russia by about 10% — or 110,000...

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Obama's Middle East strategy is based on the fantasy that Iran can help solve...

With the nuclear deal finally out of the way, President Obama can now get down to what, for him, has always been the real business — engaging Iran on regional issues.As one administration official has...

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The oil price rout is going to inflict real pain on Russia

Russia may have though it was out of the woods this past spring when oil prices started to rise, but the onset of another bear market for oil presents serious economic and financial threats for the...

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Putin's support for embattled FIFA president Sepp Blatter says something...

If it were up to Russian President Vladimir Putin, outgoing FIFA president Sepp Blatter would be the next recipient of the Nobel Prize. "I think people like Mr. Blatter or the heads of big...

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China's slowing economy is delaying a major oil deal with Russia

The Russian media is reporting an indefinite delay in the final signing of the contract for Russia’s state-run Gazprom to supply China with gas through a new Siberian pipeline because of a decline in...

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Here's the event that triggered World War I

Riding in an open car on the morning of June 27, 1914, Archduke Franz Ferdinand, heir to the Austro-Hungarian throne, was assassinated along with his wife by a Serbian nationalist in Sarajevo,...

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It turns out that Russian submarine found off Sweden is probably from World...

STOCKHOLM (Reuters) - A submarine wreck discovered off the eastern coast of Sweden probably dates from World War One rather than last year when the military hunted for a suspected Russian submersible,...

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Russia's ruble has been getting crushed

The ruble just erased nearly all of its 2015 gains.On Tuesday, the Russian currency dropped below 60 per dollar for the first time since March.The ruble is currently trading around 60.50 rubles per...

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Former Kremlin banker: Putin 'is the richest person in the world until he...

The man who used to be the "Kremlin's banker" says that as long the Russian president Vladimir Putin remains in power, he's the richest person in the world.“Everything that belongs to the territory of...

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German and Dutch intel agencies say that they caught a physicist who was...

German and Dutch authorities say they identified a Russian physicist who was spying for Moscow, according to a report by the NL Times.The man in question was identified as "Ivan A.," a physicist who...

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Putin is cracking down on dissent and the first victim is the US-based...

The National Endowment for Democracy, a U.S.-based non-profit that promotes the spread of democratic government worldwide, is the first victim of a new law in Russia that allows the country’s...

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Putin is suffocating his own nation

In the tumult and uncertainty that marked Russia after the Soviet Union imploded, when the state was weak and many institutions tottering, a vital lifeline was extended from the West.The US government,...

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Many in Russia think a major political turning point is coming

Russia's newest anti-NGO law, under which the National Endowment for Democracy on Tuesday was declared an "undesirable organization" prohibited from operating in Russia, is the latest evidence that the...

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The former 'Kremlin banker' describes how Putin's mind works

The man who used to be the "Kremlin's banker" argues that Vladimir Putin is a born-and-bred Sovetskiy chelovek (Soviet man)— and that has informed his view of the world.“Everything in his consciousness...

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Ukraine's maverick battalions are becoming a problem

(Reuters) - From a basement billiard club in central Kiev, Dmytro Korchynsky commands a volunteer battalion helping Ukraine's government fight rebels in the east. A burly man with a long, Cossack-style...

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5 of the most elite special forces in the world

When the stakes are high, only the best can get the job done. These are 5 of the most elite special forces around the world.Produced by Lamar Salter. Follow BI Video: On Facebook Join the conversation...

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12 Russian military aircraft spotted near Latvia’s sovereign airspace

As many as 12 Russian military aircraft were spotted Wednesday near Latvia’s sovereign airspace in the Baltic region of Eastern Europe, a statement by the Latvian Armed Forces said.Russia has flown...

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