Russia tests new Buk-M3 air defense missile system
Russia’s air defense system manufacturer Almaz-Antey has conducted successful testing of the newest Buk-M3 air defense missile system, Tass reports. The tests took place at the Kapustin Yar range near Astrakhan, Southern Russia, the company reported on June 24. “In June 2016, experts of the JSC Concern Almaz-Antey test fired a missile from the Buk-M […]
Russia and China to produce heavy helicopter
Under the agreement between Russia and China, the Russian helicopters will provide technologies and also develop a technical proposal and separate systems of the new vehicle on a contract basis, Tass reports. The Russian and Chinese governments signed an agreement on June 25 to cooperate under a program to build an advanced civilian heavy helicopter. […]
Wealthy Russian Families Lose Up to 75% of Their Income in 2015
Wealthy Russian families lost between 25 and 75 percent of their income in 2015, the Vedomosti business daily reported Thursday, citing the Russian Wealth Report 2016, The Moscow Times cites. On average, families with an annual income between 15 million and 100 million rubles ($235,000 to $1.5 million) lost 45 percent of their revenue, according […]
Moscow Ranking for Expat Living Costs Falls 65 Places
Moscow has dropped 17 spots in this year’s rankings of most expensive cities in the world for foreigners, a report by the Mercer Human Resource consulting group said on June 22. The change in rank has been driven largely by the ruble’s dramatic fall in value against the U.S. dollar. Since 2013, when Moscow was […]
Military exercise involving 50 aircraft begins in western Russia
The drills involve Sukhoi Su-34 bombers, Su-27 and MiG-29SMT fighters, about 300 motor vehicles on the ground and 1,500 troops, TASS reports. More than 50 warplanes and helicopters of the Western military district have begun to redeploy to tactical airfields under the just-started exercise, the district’s spokesman Igor Muginov told the media. “Tactical and army […]
China Imports Record Volume of Russian Oil
China increased its imports of Russian oil to a record of 5.2 million tons in May — roughly 1.24 million barrels every day, the Reuters news agency reported Tuesday. In annual terms, China’s oil imports from Russia in May rose by 33.7 percent, Reuters reported, citing data from the Chinese General Administration of Customs. China […]
EU to extend anti-Russia sanctions
European Union agreed to extend economic sanctions against Russia until late January 2017. According to Sputnik, the summit of EU leaders is scheduled for June 28-29. Extending the EU economic sanctions against Russia, which are due to expire in July, is likely to be on the summit’s agenda. Relations between Russia and the West deteriorated […]
Russia Tests Short-Range Anti-Missile System
Russian Air Force has tested a new short-range anti-ballistic missile system, the Defense Ministry said in a statement on June 21. The launch took place in Kazakhstan. “We successfully completed the task, hitting the target at the scheduled time,” said Aerospace Force Air Defense Chief Viktor Gumyonny. “At 7:00 a.m. [4:00GMT] Tuesday, June 21, anti-missile […]
“Turkey seeks reconciliation with Russia”
Turkey, which bears primary responsibility for the tension, was expected to be the first to seek to settle disagreements – and it has been doing so for several months, expert in Turkic studies Gevorg Petrosyan told Tert.am as he commented on the latest developments in Russia-Turkey relations. “I think it is a convenient moment for […]
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 […]
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