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Gazprom's colossal deal with China is already looking like a terrible move...
There was a lot of excitement in the industry when the Russian energy giant Gazprom announced a mammoth $400 billion (£256 billion), 30-year export deal to China in May 2014, but the agreement is now...
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Fighting is flaring up again in eastern Ukraine
KIEV (Reuters) - Fighting flared between Ukrainian government forces and Russian-backed separatists in two separate parts of eastern Ukraine overnight with several civilians killed by shelling,...
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The 5 most intense risks looming over the global economy right now
Security and political risks have the potential to upset the global economic status quo.The likeliness of these risks, however, as well as the degree to which they can shake things up, varies...
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The Russian ruble just plunged to a 6-month low
The ruble fell to a 6-month low against the dollar.On Monday, the Russian currency dropped below 65 per dollar for the first time since February.The ruble is currently trading around 65.5, and got down...
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Russia and China are fueling an intercontinental ballistic missile arms race
The Chinese military, the People’s Liberation Army, is reportedly developing a new liquid-fueled intercontinental ballistic missile designed to strike targets anywhere on Earth.The so-called DF-5B...
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Russia plans to expand weapons sales to Iran
Russian Foreign Minister Sergei Lavrov says the Kremlin plans to expand its weapons sales to Iran after international sanctions against Tehran are lifted under a nuclear deal between Iran and world...
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A strategic Ukrainian city was just the center of an intense artillery duel
Reports from eastern Ukraine say seven people were killed overnight in fighting along the front lines between government forces and pro-Russian separatists in eastern Ukraine — including an intense...
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An ex-KGB agent who was living in a Vancouver church for 6 years was just...
Mikhail Lennikov, a former KGB agent who has been seeking asylum in Canada since 2009, is returning to Russia, Deutsche Welle reports. Lennikov sought refuge inside a Lutheran Church in Vancouver six...
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Russia just dumped 3 US wines
Russia's Rospotrebnadzor, the federal service for surveillance of consumer rights protection and human wellbeing, banned three types of wines from the US, according to the Moscow Times.The wines in...
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US troops stationed in Bulgaria are receiving tanks and heavy artillery to...
U.S. Marines stationed in Bulgaria are set to receive tanks and heavy artillery as part of NATO efforts to quell fears over Russian hostility in Eastern Europe. The Combined Army Company will get four...
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The falling ruble has hammered Russian carmakers
MOSCOW (Reuters) - A steep decline in the rouble has hammered Russian carmakers by driving up the cost of the foreign parts they rely on, forcing them to raise prices at home and making them...
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Iran is one step closer to advanced air defense capability
DUBAI (Reuters) - Iran will sign a contract with Russia next week to buy four S-300 surface-to-air missile systems, the Iranian defense minister said on Tuesday, bringing Tehran closer to acquiring an...
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Russia cracks down on 'international criminal group' importing illegal cheese
Russia’s interior ministry has announced the unmasking of a major criminal gang involved in the newly illegal cheese trade, after the police and security services made a number of coordinated arrests...
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Russia is building a new radar station close to NATO's borders
Russia's Defense Ministry broadcasting channel, Zvezda-TV, reports that Moscow has plans to start building new early warning radar stations in Azerbijan and near the Arctic Circle.The radar stations...
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Pentagon report: Russia is deploying new, specially modified air-defense...
Russia is moving air defense systems modified for the harsh Arctic environment to key areas near its borders with Norway and the US, the US Army's Foreign Military Studies Office (FMSO) notes in its...
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$40 oil could be a game-changer for Russia
If oil prices tumble below $40, then the Russian Central Bank could be inspired to interrupt its rate-cutting agenda.“If the situation on the foreign-exchange market changes as a result of a...
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Putin's economy may be in a lot worse shape than previously thought
The Russian economy is in a full-blown recession and, according to analysts that study it, may be in even worse shape than is apparent to outside observers.Last year, in addition to harsh international...
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4 Kremlin-friendly banks are the big winners of Russia's economic crisis
MOSCOW (Reuters) - Four private banks with friendly ties with the Kremlin are emerging as big winners from Russia's economic crisis, helping out dollar-starved companies at a time when large state...
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Putin resorts to USSR tactics to hide unemployment
Russian state statistics agency Rosstat announced that for the month of June unemployment decreased slightly to 5.4%, down from January's 5.5%.But at the same time, salaries are plummeting and...
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Here's what might be behind the latest surge in violence in Ukraine
The past 10 days have witnessed a significant escalation of violence all along the line of contact (LOC) between the Ukrainian armed forces (UAF) and combined Russian-separatist forces in eastern...
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