The Indian Air Force (IAF) has canceled a plan to purchase 48 Mi-17V5 military transport helicopters, local media reported Saturday, citing government sources. Instead, the military, and other agencies that had planned to use the aircraft, decided to procure unspecified medium-lift choppers domestically. The decision to scrap the procurement plans is not …
Read More »
The Russian Ministry of Defense has released a video showing the crew of the Black Sea Fleet flagship Moskva, which sank on Thursday following a fire on board. The soundless video, which was posted on the ministry’s Telegram channel on Saturday, shows several dozen sailors lined up during a meeting …
Read More »
Russia needs a new pension reform that would lower the pension age to 45, businessman Oleg Deripaska, founder of aluminum giant Rusal and, for a time in the late 2000s, Russia’s richest man, told the news outlet Expert. He believes the assets of state-owned companies could be used to fund …
Read More »
Consumer prices in Germany will see a 7-8% increase in 2022, Karl von Rohr, the vice president of Deutsche Bank, told the Frankfurter Allgemeine newspaper. However, if the government restricts Russian energy imports, prices could spike 10% or more in the coming months. “If energy imports are more limited, we …
Read More »
In an attempt to protect one of its most critical industries, tourism, the Turkish government is reportedly planning to launch three programs aimed at increasing the number of Russian guests at the country’s resorts. The conflict in Ukraine led to sanctions on Russia-linked companies, which has made it difficult for …
Read More »
Ukraine has suffered the “irretrievable losses” of 23,367 troops since Russia launched its military offensive in February, the Ministry of Defense in Moscow stated on Saturday. The casualty figures were revealed by Defense Ministry spokesman Major General Igor Konashenkov, who said that in the city of Mariupol alone Ukraine has …
Read More »
A number of businessmen who were born and raised in Russia have asked US-based Forbes magazine to not call them ‘Russian’, apparently deeming their roots bad for their public image amid Russia’s military operation in Ukraine and the resulting Western sanctions against Moscow. According to Forbes, it has been receiving …
Read More »
The US should compensate France for losses if the EU bans Russian energy carriers, French presidential candidate Marine Le Pen said in an interview with BFM TV. “The Americans, who will sell us liquefied gas and get a solid profit from it, could transfer money to France as compensation for …
Read More »
Several buyers of Russian natural gas have agreed to switch to payment in rubles, Russian Deputy Prime Minister Alexander Novak said on Friday. “We expect the decision [to switch to rubles] from other importers,” Novak added, in comments published in the ministry’s magazine, without disclosing the identities of the customers …
Read More »
The office of Polish President Andrzej Duda said on Friday that he signed a bill into law that allows the assets of business entities that support Russia to be frozen. The document also provides for a ban on imports of Russian coal. “The law on special measures” was adopted to …
Read More »