Tag Archives: russia

China and Russia launching new credit rating agency in 2015

Flag China Russia

The new Universal Credit Rating Group (UCRG) is being set up to rival the existing agencies Moody’s, S&P and Fitch, and its first rating will be issued this year. The setting up of UCRG is in its final stages, ready to challenge the ‘Big Three’ that currently dominate the industry, the Managing Director of RusRating Aleksandr Ovchinnikov told Sputnik News ... Read More »

Russia’s new military doctrine lists NATO and US as threats

NATO meeting

Russia has adopted an updated version of its military doctrine, which reflects the emergence of new threats against its national security. NATO military buildup and American Prompt Global Strike concept are listed among them. The new doctrine was approved on Friday by President Vladimir Putin. Its core remains unchanged from the previous version. The Russian military remains a defensive tool which ... Read More »

NATO increases military presence on Russia’s borders

NATO fighter jets

The Pentagon has confirmed the military buildup along Russia’s borders to ensure long-term “peace and stability” in the region. Earlier Moscow accused NATO of a sharp increase in air activity and intelligence flights in the border zone. Replying to RIA Novosti’s query on the increased number of NATO flights around Russia’s borders, a Pentagon representative told the news agency that the military ... Read More »

Russia: Israel is training ISIS terrorists

Training ISIS

A top aide to Russian President Vladimir Putin on Sunday accused Israel and the United States of training the Islamic State in order to undermine Moscow’s interests in the Middle East. In an interview with Iranian state television, Alexander Prokhanov said that Mossad agents were training ISIS fighters in Syria and Iraq. “ISIS is a tool at the hands of ... Read More »

Russia prepares for war

Russia war room

Russian media has announced the government is preparing for war. Russia Today reports the country now has a new fortified national defense facility located in Moscow that “would take control of the entire country in case of war.” The cost of the project is estimated at several billion dollars. “The creation of NDCC [National Defense Control Center] was one of the ... Read More »

Russia is stockpiling gold bullion

Russia Putin gold

Lately Russia has been buying gold by the ton — 37 tons in September alone. Why? One obvious answer is that gold is now cheaper than it has been for quite a while and Russian President Vladimir Putin knows a bargain when he sees one. But Western countries have been selling gold (or at least not acquiring more), which means ... Read More »

Ukraine ‘ready for attacks inside Russia’

Army Ukraine

A Ukrainian lawmaker, who is also the leader of a volunteer battalion, says brigades like his are ready to “intrude” into Russia to carry out attacks on Russian territory. Yuri Bereza, the leader of the Dnepr-1 battalion, made the remarks during a televised interview with a Ukrainian broadcaster. “Today, we are ready not just to defend [Ukraine], but to invade ... Read More »

Russia & Iran to establish joint bank to bypass sanctions

Iran Rouhani Russia Putin

Iran and Russia plan to establish a joint bank as an effort to multiply bilateral trade and bypass sanctions on the Islamic Republic’s banking sector. Head of the Iran-Russia Joint Chamber of Commerce Asadollah Asgaroladi said that Tehran and Moscow are studying the possibilities of opening a new chapter in trade relations that could break the domination of Western currencies ... Read More »

Russia & China sign currency swap deal worth $25 billion

Yuan China

The central banks of China and Russia have signed a 3-year ruble-yuan currency swap deal up to $25 billion, in order to boost trade using national currencies and lessen dependence on the dollar and euro. On Monday, China’s Central Bank announced the 150 billion yuan (815 billion ruble) currency swap between the Russian ruble and Chinese yuan. In terms of ... Read More »

Russia seeking to ban Bitcoin and other surrogate currencies

Russia building flag

It may soon be against the law for Russians to possess Bitcoin (BTC) or other digital currencies. Legislation put forward by Russia’s Ministry of Finance would ban all digital currencies and impose a range of financial penalties on individuals and companies caught creating, generating, or using “quasi-money.” Websites associated with the digital currency market are expected to be banned as well. According to Russian ... Read More »