Turkish army destroys ISIS targets in Syria’s north
Turkish army howitzers have destroyed six ISIS targets in northern Syria, military sources said Sunday, Anadolu News Agency reports. Speaking on condition of anonymity because they were not authorized to speak with the media, the sources said the ISIS targets had been preparing to launch rockets to Turkey. The sources added that a total of […]
Western Europe remains Russia’s largest foreign investor
Russia retained the eighth position among European countries by level of foreign direct investment, Tass reports. The number of foreign direct investment (FDI) projects in Russia grew 61% to 201 in 2015, which made Russia one of the leaders in terms of growth rates of the number of such projects, according to 2016 European Attractiveness […]
India to join Shanghai Cooperation Organisation within a year
India is to attain full membership of the Shanghai Cooperation Organisation (SCO) within a year, Secretary General of the six-member political, economic and military alliance led by China and Russia has said, The Indian Express reports. “For almost a year, we held consultations with top representatives from India. To become a full member of the […]
Ukrainian Orthodox Church seeks to cut ties with Russia
The Ukrainian parliament has requested that Istanbul-based Patriarch Bartholomew of Constantinople recognize the Ukrainian Orthodox Church’s independence from Russia, the Moscow Times reports. The appeal to Patriarch Bartholomew of Constantinople — the head of the Orthodox Church— was supported by 245 deputies, with 20 deputies voting against. The move is hoped to speed up “changes […]
Iran and Russia to product Sukhoi Superjet 100
Iranian trade minister said the country is interested in the joint production of Sukhoi Superjet 100 airliner with Russia, Press TV reports. Iran says it is looking into a plan to jointly produce Sukhoi Superjet 100 (SSJ 100) airplanes with Russia – what could take the Islamic Republic to the club of global plane makers […]
Iran rejects oil proposal of Hungary
A National Iranian Oil Company (NIOC ) official, while pointing to MOL Group’s request to import light crude from Iran, said the country is not ready to deploy the oil product to the Hungarian company, Mehr News Agency reports. Executive Director for International Affairs at National Iranian Oil Company (NIOC) Seyed Mohsen Ghamsari pointed to […]
First McDonald’s to be opened in Armenia
A Georgian businessman may open the first ever McDonald’s restaurant in rival Armenia, Democracy and Freedom Watch cited Sputnik Armenia’s report. The news agency reports that the opening of the first of the chain’s restaurants in Armenia was decided at a meeting of managers in Orlando, U.S. “I got agreement from McDonald’s main office to […]
Remittances from Central Asian labor migrants sharply decrease
According to the Central Bank of Russia, in the first quarter of 2016 money remittances from Russia to CIS countries amounted to $914 million, which is almost twice as less than in the first quarter 2015 ($1.781 billion) and 3.7-fold less than in the same period in the pre-crisis year 2014 ($3.364 billion), The Times […]
“Turkey and Russia need each other”
Turkey and Russia need each other, Minister of Economy of Turkey Nihat Zeybekci said, TRT Haber TV channel reported June 16, Trend cited. He said that Ankara and Moscow shouldn’t sacrifice their bilateral relations. The minister added that Turkey has all that Russia needs and vice versa. Zeybekci also expressed hope for a speedy improvement […]
Iran to tighten competition by producing ‘custom’ crude oil
Iran is pursuing a new policy in the oil market by entering a fresh round of competition with countries that have less heavy crude oil production such as Saudi Arabia, Kuwait, UAE and Russia, Mehr News Agency reports. Due to an increase in production of heavy crude oil (or extra heavy crude oil) in Iran’s […]
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