• Russia will Lose an Estimated $60 Billion in 2016- Bank of Russia

    Russia’s net capital outflow from January to November 2015 amounted to an estimated $53 billion. Experts believe that the outflow of capital from Russia in 2016 could reach nearly $60 billion. This forecast was announced by the head of the Department of Monetary Policy of the Bank of Russia, Igor Dmitriev, at the Gaidar Forum 2016, as reported by TASS.

    "We don't expect a significant capital outflow in the coming year. Even under the risk scenario, it will be close to our 2015 numbers, about 60 …

  • Russian Deputy PM Rogozin Visits Belgrade

    After his visit to Belgrade, Russian Deputy Prime Minister Dmitry Rogozin expressed much cynicism towards Serbia and implied that it was setting itself up to be the site for a ‘Cologne Two’ scenario.

    Rogozin’s visit to Serbia was marked by scandal, reports a correspondent of Radio Svoboda, Yulia Petrovskaya. After Rogozin said that Serbia faces a ‘Cologne Two’ situation in regard to its commitment to the European Union, the Serbian Deputy Prime Minister, Zorana Mihajlović, advised the Russian …

  • Donetsk Court Withholds Evidence in Savchenko Case

    The Chairman of the Donetsk City Court, Leonid Stepanenko, refused to add witness interrogation reports to the case file during Nadiya Savchenko’s trial, the former Ukrainian pilot who is standing trial in Russia for the deaths of 2 Russian journalists in eastern Ukraine. According to the defense, these documents confirm that there was a skirmish between two military units on the day of the Russian reporters’ deaths, the incident in which Savchenko is charged.

    “The firefight wasn’t directed …

  • Erdogan: Russia Is Attempting To Create New State in Syria

    Reuters reported that Turkish President Recep Tayyip Erdogan believes that Russia intends to create a new state in Syria. According to the news agency, Erdogan said that the Russian air force continues to carry out attacks on Syrian Turkish rebels in the northern part of the country. He also harshly criticized Iran for using the situation in Syria, Iraq and Yemen in order to extend its influence in the region.

    Relations between Russia and Turkey deteriorated after a Turkish F-16 fighter shot …

  • Ukrainian rail company to file lawsuit against Russia

    The Ukrainian Ministry of Infrastructure plans to file a complaint against Russia in the coming months.The Ukrainian Railway Company, Ukrzaliznytsya, which was established by the State Administration of Railroad Transportation of Ukraine, plans to file a claim against Russia for losses caused by the annexation of Crimea, as reported to UNIAN by Vladimir Omelyan, the Deputy Minister of Infrastructure. Ukrzaliznytsya is currently preparing the required documentation for the claim. If the Ministry …

  • Opposition plans march on anniversary of Boris Nemtsov's assassination

    A procession in the memory of Boris Nemtsov is planned for the one-year anniversary of the murder of the oppositionist. The organizers of the march intend to obtain approval for the event to be held in Bolotnaya Square in Moscow.

    The Russian opposition is planning the event for the 27th of February, the one-year anniversary of Boris Nemtsov’s death, as reported on the 12th of January by Alexander Ryklin, journalist and member of the Bureau of the Federal Political Council of the Russian …

  • Association of Russian Tour Operators: Russians Don't Have Enough Money for Vacations Abroad

    The Director of the Association of Tour Operators of Russia (ATOR), Maya Lomidze, stated that most Russians have abandoned tourist trips abroad due to financial constraints during the New Year holidays.

    “This is the first time that people don’t have enough money for a holiday abroad or even a holiday within the country,” Lomidze said. According to her,  tourism decreased by 30% in comparison with the same period a year earlier. Domestic tourism rose by 6-10 % at all resorts. Lomidze added …

  • Estonia Seeks Long-Term Deployment of NATO Troops

    The Estonian government supports the long-term presence of NATO troops in the Baltic States. Tallinn plans to invest in the construction of barracks and academic buildings for the alliance's troops.

    The Estonian Prime Minister, Taavi Rõivas, expressed hope that during the NATO Summit in Warsaw in 2016 a decision as to the permanent presence of Alliance troops in "Estonia and neighboring countries" will be made. An interview with the Estonian Prime Minister was published on Monday, January 12th, …

  • Forbes: Putin's Son-in-Law is a Billionaire

    Kirill Shamalov, the co-owner of the petrochemical holding company, SIBUR, who is also the son-in-law of Vladimir Putin, is a billionaire, as reported by Glavnoe on Tuesday, January 12th.

    According to Forbes, the estate of Kirill Shamalov is estimated at 1.2 billion dollars. However, a representative for Shamalov has not confirmed this information. The publication notes that Shamalov is likely a billionaire as a result of the transaction between SIBUR and the Chinese State Company, Sinopec. …

  • FIFA Candidate is Willing to Review 2018 and 2022 World Cup Bids

    The head of the Asian Football Confederation (AFC), Sheikh Salman bin Ibrahim al Khalifa, as a candidate for the presidency for the International Football Federation (FIFA), has announced his readiness to review the bidding processes for both the 2018 and 2022 World Cup sites as reported on Tuesday, January 12th, on insidethegames.biz.The Sheikh stated that if he was elected as FIFA President, the voting results of the elections that selected the host countries for 2018 and 2022 may be …