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[1 Jun 2014 | No Comment | ]

The leaders of Russia, Belarus and Kazakhstan on Thursday created an economic union that intends to boost cooperation between the ex-Soviet neighbors, a pact which was at the source of the crisis in Ukraine.
Russian President Vladimir Putin said the Eurasian Economic Union — which Moscow had pushed Ukraine to join, helping spark the worst crisis in relations between Russia and the West since the Cold War — takes the countries’ cooperation to a “new level” while respecting their sovereignty.
“We are creating a powerful and attractive center of economic development, a …

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[7 Feb 2014 | No Comment | ]

The chief organizer of the Sochi Olympics says a record number of world leaders are coming to the Winter Games.
Dmitry Chernyshenko says 65 heads of state and government and international organizations are expected to attend Russia’s first Winter Olympics.
He says it’s a record for Winter Games and three times the number of leaders who attended the 2010 Olympics in Vancouver.
A number of top world leaders are skipping the games, however. They include President Barack Obama, French President Francois Hollande, British Prime Minister David Cameron and German President Joachim Gauck.
The games …

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[6 Jan 2014 | No Comment | ]

American vessel the Polar Star, the US Coast Guard’s only active heavy polar icebreaker, is heading to the Antarctic to rescue over 120 crewmembers aboard Russian and Chinese ships trapped in heavy sea ice.
According to the Australian Maritime Safety Authority’s Rescue Coordination Centre (AMSA), it should take the Polar Star about seven days to reach Commonwealth Bay, depending on weather conditions.
The 122-meter US icebreaker canceled its planned stop in Sydney after it received a request Friday from Australia, Russia and China to help the Russian and Chinese ships, who fear …

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[4 May 2013 | No Comment | ]

Russian President Vladimir Putin and Japanese Prime Minister Shinzo Abe pledged Monday to renew efforts to find a solution to a decades-long territorial row that has prevented the two sides from signing a World War II peace treaty.
After two hours of talks in the Kremlin, they agreed to order their foreign ministers to reopen talks on finding options for a solution that could be presented to the leaders.
Abe, making the first high-level official visit by a Japanese prime minister to Moscow in a decade, hailed the outcome as a “great …

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[16 Apr 2013 | No Comment | ]

President Vladimir Putin unveiled a new $US50 billion ($A47 billion) drive for Russia to preserve its status as a top space power, including the construction of a brand new cosmodrome from where humans will fly to space by the end of the decade.
Fifty-two years to the day since Yuri Gagarin became the Soviet Union’s greatest hero by making the first human flight into space, Putin inspected the new Vostochny (Eastern) cosmodrome Russia is building in the Amur region of the Far East.
Putin said in a live link-up with the multinational …

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[4 Feb 2013 | No Comment | ]

Russia’s top financial diplomat said the Group of 20 should focus on making new commitments to curb borrowing, and not rush to judge Japan’s bid to reflate its economy when policy makers meet this month.
Moscow hosts finance ministers and central bankers on Feb 15-16 as controversy over “currency wars” has opened a rift between indebted rich nations and faster-growing exporters who fear a wave of competitive devaluations.
Russia is the first big emerging economy to assume the annual presidency of the G20, which became the world’s top crisis management forum after …

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[1 Sep 2012 | No Comment | ]

Russia will release documents concerning thousands of Japanese held in labor camps after World War II which may provide clues about how and where they died, Tokyo said on Tuesday.
The documents, which will be handed over to Japan next year, were expected to reveal details of prisoners of war taken to camps after the war ended, according to the health, labor and welfare ministry.
Some 575,000 Japanese soldiers and others were taken to Soviet labor camps in Siberia and Mongolia after the war.
Most eventually returned home, but roughly 53,000 people were …

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[10 Aug 2012 | No Comment | ]

Ivan Ukhov has won the Olympic men’s high jump title.
The Russian made headlines back in 2008 when a video was posted on YouTube showing him competing in Switzerland while drunk. He received a “strong warning” from the IAAF for his behaviour.
Ukhov jumped 2.38 metres, the second-best in the world this year. America’s Erik Kynard took silver with a jump of 2.33m, with the bronze medal shared three ways between Mutaz Essa Barshim of Qatar, Derek Drouin of Canada and Great Britain’s Robbie Grabarz.
The long-haired Ukhov last month cleared 2.39m to …

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[2 Jun 2012 | No Comment | ]

The NBA’s Basketball without Borders camps will go to Tokyo and Moscow for the first time.
South Africa also will host a camp for the 10th time, the league and FIBA announced Wednesday.
Led by Dikembe Mutombo and Sam Dalembert, the Tokyo camp will take place June 13-16. Players and coaches also will visit Sendai, where they will conduct a clinic for children affected by last year’s earthquake and tsunami.
Among those taking part in the Johannesburg camp from Aug 30-Sept 2 are Chicago teammates Luol Deng and CJ Watson, Oklahoma City’s Serge …

Business News & Advice »

[7 Apr 2012 | No Comment | ]

Russia’s largest automaker, AvtoVAZ, is producing a new passenger vehicle developed with partners Renault SA and Nissan Motor Co.
Prime Minister Vladimir Putin attended a production launch ceremony Wednesday at a factory in Tolyatti in central Russia, autographing the first Lada Largus assembled there. AvtoVAZ has been testing the facility, which was modernized with help from the Renault-Nissan alliance.
Putin, who attended the ceremony with company representatives, including Nissan Chief Operating Officer Toshiyuki Shiga, said the Russian government will continue to support the auto industry and that AvtoVAZ has a great future.
The …