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Ukraine Proposes New Trade Route to Bypass Russia
Ukraine will try to circumvent the blockade of the transit of goods through Russian territory by using a "New Silk Road". The route will be put to the test on January 15th as a train departs from the city of Ilyichevsk for a demonstration. This information was provided by the Ministry of Infrastructure of Ukraine, as reported by Apostrophe.
The Ministry stated that on January 15th the first train will ride the new "Silk Road" from Ukraine to China. The container train will leave from …
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Naftogaz Hires Prominent US Attorneys
National joint-stock company Naftogaz of Ukraine has engaged the law firm of Covington and Burling LLP (New York, USA) to protect the company’s interest in litigation concerning lost shelf assets in the Crimea. According to an announcement in the Visnyk Derzhavnykh Zakupivel public procurements bulletin, the gas transportation company signed a one-year agreement with the law firm on January 1st, 2016.
The cost of the agreement is $1.25 million (value added tax not included). “The services that …
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Russians continue to buy real estate in Turkey
Citizens of Russia continue to buy real estate in Turkey, despite the recent crisis in relations between the two countries following the incident in which a Russian plane that was shot down for violating Turkish airspace. Last year, real estate sales to Russians totaled $398 million worth of property.
Fatih Elibol, senior manager at the international real estate investment consultancy Realty-TR, noted in an interview with an AA reporter that Russians continue to buy property in Turkey despite …
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More blackouts for Crimean Residents
Residents of the Crimea are experiencing further electricity blackouts following the malfunction of two 22,500 MW gas turbine power stations which were recently delivered from eastern Russia in order to ensure the supply of power to the Crimean peninsula. The inhabitants of the annexed territory are now being asked to use electricity sparingly, Kerch.com reported.
The city of Kerch will primarily be affected, as repair crews will have to shut off three to five power lines providing electricity …
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ISIL Loses 40 Percent of Its Territory in Iraq
By the end of 2015, territories in Iraq controlled by the so-called Islamic State (known as ISIL or simply IS) had been reduced by 40%, as reported by Reuters. In Syria, ISIL lost 20% of its territory. This was reported by Colonel Steve Warren, a spokesman for the U.S.-led,anti-terrorist coalition.
In 2014 the extremist group, then known as ISIS, captured one third of Iraq, including the town of Mosul and launched an attack on Baghdad. The blitzkrieg was stopped only because Iran’s Armed …