The Bank of Russia raised interest rates by 350 basis points to 12% at an emergency meeting on Tuesday in a bid to halt the rapid depreciation of the ruble against world currencies. “Inflationary pressure is building up… The decision is aimed at limiting price stability risks,” the regulator said …
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If you Google “the end of the Cold War,” the search engine will instantly tell you that this event occurred on December 26, 1991, the day when the Soviet Union ceased to exist. However, this isn’t really true. Two years prior to that, the leaders of the US and the USSR …
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Moscow is willing to further develop military-technical cooperation with other countries that understand the importance of building an equal and indivisible security system, Russian President Vladimir Putin said in an address to the Army-2023 expo on Monday. “Russia is open to deepening equal technological partnership and military-technical cooperation with other …
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The recent summit on Ukraine in Jeddah was a “very special” event, German Chancellor Olaf Scholz has said, calling for a greater diplomatic effort to end the ongoing conflict between Moscow and Kiev. Scholz made the remarks in his major annual summer interview with German broadcaster ZDF, which aired on …
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A former Ukrainian lawmaker – the subject of multiple corruption allegations – had made millions of dollars from arms sales since the Russia-Ukraine conflict erupted in February 2022, the New York Times reported, on Saturday. A company allegedly affiliated with Sergey Pashinsky, whom President Vladimir Zelensky once called ‘a criminal’, has become one of …
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Almost a year has passed since partial mobilization was announced in Russia. In September of last year, around 300,000 men were called to the front. Although all of them had previously done their army service, they were ordinary workers, office clerks, managers, and businessmen before being conscripted. A soldier with …
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Chinese military scientists have reported a research breakthrough that could make it possible for Beijing to develop high-energy laser weapons that can shoot for as long as their operators desire, without interruption and without any degradation in performance. Scientists at the National University of Defense Technology in Changsha, China, published …
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The imposition of US sanctions against the Russian Union of Industrialists and Entrepreneurs (RSPP) is something of a paradox. The RSPP reflects the interests of businessmen and companies – ie. the locomotives of the capitalist economy. So, by definition, these are the very people who most believe in free markets. …
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Russian air defenses brought down 20 drones in the early hours of Saturday over Crimea, the Defense Ministry has revealed, calling the incursion an attempted “terrorist attack” by Ukraine. The ministry wrote on Telegram that 14 UAVs were shot down, while six others were incapacitated by electronic warfare. “There were …
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Türkiye is convinced that any peace negotiations on Ukraine that do not involve Russia will yield “no results and no solution,” according to the Hurriyet newspaper. Ankara reportedly voiced its position during a meeting on the conflict hosted by Saudi Arabia earlier this month. The summit in Jeddah brought together …
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