• Danone to close two factories in Russia

    The French company Danone, one of the largest producers of dairy products in the world, will close two factories in Russia. According to a statement made by company representatives to the newspapers Izvestia, the French company will close its plants in Tomsk and Cheboksary.

    “After a company-wide reorganization, the Tomsk dairy plant will be closed. There will also be a consolidation of production facilities in Kemerovo and Krasnoyarsk. The Cheboksary dairy plant will also be closed and its …

  • Mutko: FIFA unfairly scrutinized from every angle

    Russian Sports Minister Vitaly Mutko has voiced his dissatisfaction with the investigation of FIFA corruption.  The Minister said that the International Football Federation is under serious pressure from investigators from the US and Switzerland who are in charge of the probe.

    "We can see how FIFA is put under a lot of pressure by the law enforcement systems of the United States and Switzerland; they professionally and methodically examine international football piece by piece. He who seeks …

  • Putin blames profiteers for Russia’s economic woes

    At a meeting with cabinet members, Russian President Vladimir Putin called for increasing the amount of high-quality but inexpensive Russian products on the market. Putin said that profiteering has led to a decline in living standards in the country, and has produced an unjustified increase in the cost of products, goods, and services.

    “Today, unreasonable, frankly profiteering price hikes on goods and services are leading to lower living standards. We need to use all market instruments …

  • Russia test fires Topol ballistic missile near Astrakhan

    The Russian Defense Ministry’s Strategic Missile Forces announced that a Topol RS-12M Intercontinental Ballistic Missile was successfully test fired on Wednesday. The warhead was launched from the Kapustin Yar test site in the Astrakhan region in southern Russia and hit its designated target at the Sari-Shagon test range in Kazakhstan.

    The RS-12M is Russia’s latest mobile intercontinental ballistic missile system.  The 45,000 kilogram, 20 meter long rocket has a range of 10,500 kilometers (6,50 …

  • Russia issues 100 ruble Crimea banknote

    On Wednesday, Russia’s Central Bank released a new 100 ruble banknote dedicated to the Crimea.

    The design features an image of the famous Crimean castle Swallow’s Nest on one side, with the other side showing the Monument to the Flooded Ships in Sevastopol.

    The Central Bank said it plans to print 20 million copies of the new banknote.

    The Crimean peninsula was occupied and incorporated into Russian territory by Russian forces in early 2014. At the time of the annexation, a 100 ruble banknote …