(MOSCOW, Russia.) JUST IN: Security police have detained at least 72 people on Saturday over opposition protests staged in several cities, the OVD-Info protest monitor said on social media #AceNewsDesk reports

#AceNewsReport – Aug.10: Tens of thousands rally in #Moscow in support of candidates barred from city council election https://t.co/9IazlSPZmp https://t.co/BhjtjjsGv4 RT_com tens of thousands of Muscovites staged Russia’s biggest political protest for years on Saturday, rallying to demand free city elections in spite of a government crackdown: The monitor said 72 people had been detained in St Petersburg, 10 in Moscow and seven in Roston-on-Don Reuters reported.

Around 20,000 people have gathered for an authorized rally in the heart of Moscow, the Russian Interior Ministry’s Main Directorate for Moscow said: “ About 20,000 people are attending the event on Academician Sakharov Avenue”, the Moscow police said in a statement.” SputnikInt reported https://t.co/3y1lMyjORu

The protests have been going on since mid-July in the Russian capital: They were hosted by opposition figures who were denied registration for the elections to the Moscow city council scheduled for 8 September.”The previous rallies were unauthorized by the Moscow authorities. The protests resulted in the detentions of hundreds of protesters. Most of them were released later. Some of the organizers of the protest were arrested till late September.”

#AceNewsDesk reports ………………Published: Aug.11: 2019: Reuters: Additional Reporting by Maria Kiselyova; writing by Tom Balmforth; Editing by Janet Lawrence

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MOSCOW: ‘ Police raid on Church of Scientology reveals spy-equipment allegedly used to blackmail parishioners – Sources ‘

#AceNewsReport – MOSCOW:Aug.18: Police sources say a raid on the Moscow headquarters of the Church of Scientology earlier this year revealed spy equipment installed in reconciliation rooms. A leak claims the recordings could allegedly be used to blackmail parishioners of the church.

Illegal audio and video recording equipment was planted in the headquarters of a religious organization situated on Taganskaya Street in downtown Moscow, says Russia’s Investigative Committee representative Yulia Ivanova.

“As part of criminal action a search was made in the premises occupied by the religious association. The search revealed special technical devices, used for surreptitious obtaining of information, being installed in the personal interview rooms,” Ivanova said, adding that investigation on the issue continues in order to determine who, if anybody, was at fault.

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#church-of-scientology, #moscow, #police-sources, #spy-equipment, #video-recording-equipment

VIDEO: RUSSIA-AZERBAIJAN: ‘ Closed door talks on Energy ‘

#AceNewsReport – Featured Post:June.13: The leaders of Russia and Turkey have held talks behind closed doors in Baku, the capital of Azerbaijan. They attended the opening ceremony of the first European Games, before discussing energy projects and the Ukrainian conflict.

Russian President Vladimir Putin and his Turkish counteroart recep Tayyip Erdogan discussed large energy projects, such asthe construction of the Turkish Stream gas pipeline and of the Akkuyu nuclear power plant,and the situation in Ukraine, Putin’s press secretary Dmitry Peskov revealed. The leaders confirmed their readiness to bring bilateral trade turnover between Russia and Turkey to $US 100 billion by 2020. In 2014, trade between the two countries exceeded $31 billion.

During a photo session that preceded the talks, the presidents didn’t talk much and only exchanged opinions about the previous day’s opening ceremony. The presidents agreed the ceremony was superb and wished success to the host team of Azerbaijan.

When President Erdogan remarked that none of the EU leaders had attended the event, President Putin replied: “As EU accession candidate, Turkey represented the whole of the European Union.”

The Russian delegation included Foreign Minister Sergey Lavrov, Energy Minister Aleksandr Novak, head of Gazprom Aleksey Miller, head of Rosatom nuclear monopoly Sergey Kirienko and the Russian president’s senior foreign policy adviser, Yury Ushakov.

In December 2014, after opposition from the EU, Russia announced the scrapping of the South Stream gas pipeline project that would have bypassed the current routes via Ukraine. Moscow presented a new project, the Turkish Stream – a gas pipeline that will pass through Turkey.

This new 1,100-kilometer transportation route will be laid out under the Black Sea from Russia to Turkey. It will deliver Russian gas to Turkey and the EU border. Europe will have to arrange a means of accessing the gas by itself.

The Turkish Stream will consist of four lines with a capacity of up to 63 billion cubic meters of gas per year. Some 16 billion will be reserved for Turkey; the rest will go to Europe when the necessary infrastructure is in place.

In 2014, Russia supplied 27.4 billion cubic meters of gas to Turkey, primarily through the Blue Stream pipeline that also passes across the Black Sea. Russia and Turkey agreed earlier to increase Blue Stream capacity from 16 to 19 billion cubic meters per year.

Tension between Moscow and Ankara had arisen after Putin attended the commemoration of the 100th anniversary of the genocide of Armenians in the Ottoman Empire (Turkey), which took place in Yerevan, the capital of Armenia.

President Erdogan had threatened to withdraw the Turkish ambassador from Russia, but the meeting in Baku apparently diffused things. President Putin congratulated Erdogan on his party’s win in Turkey’s parliamentary elections on June 7.

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#dmitry-peskov, #european-union, #greece, #member-of-parliament, #member-state-of-the-european-union, #moscow, #non-governmental-organization, #president-of-russia, #ukraine, #vladimir-putin

MOSCOW: ‘ Navalny Supporter Accused of large scale fraud released ‘

#AceNewsReport – MOSCOW: June 12: (RAPSI) – Konstantin Yankauskas, a Moscow municipal legislator who stands charged with large-scale fraud, has been released on his own recognizance, his lawyer Sergei Panchenko told RAPSI on Thursday.

Yankauskas was placed under house arrest on June 11, 2014. Panchenko said earlier that his client was suspected of illegally transferring large funds to opposition leader Alexei Navalny’s campaign during the Moscow mayoral election last year.

According to investigators, Yankauskas and businessmen Nikolai Lyaskin and Vladimir Ashurkov each transferred 1 million rubles ($18,200) to Navalny’s election account posted an online address “for web users to voluntarily refill their digital wallets, presumably to compensate for the funds that had been transferred to Navalny’s account, and to support his political activity.”

“As a result, over 10 million rubles (over $182,400) was transferred to these digital wallets. Investigators have cause to believe that Yankauskas, Lyaskin and Ashurkov embezzled these funds,” Investigative Committee spokesman Vladimir Markin said earlier.

Entrepreneurs Nikolai Lyaskin and Vladimir Ashurkov are also under investigation, searches were conducted earlier at their premises. Searches were also conducted at Yandex.Money offices.
An arrest warrant was issued for Ashurkov who had left Russia and asked for asylum in the UK.

This is not the first time that Navalny’s supporters have been suspected of embezzling funds. Last year, the Interior Ministry announced that Yankauskas had received 5 million rubles ($91,200) via transfers to the Yandex. Money wallet, of which he embezzled 4 million rubles (about $73,000).

The ministry said that Ashurkov embezzled 2.27 million rubles ($41,400) and Lyaskin 790,000 rubles ($14,400).

Navalny ran for Moscow mayor, losing to the incumbent mayor, Sergei Sobyanin, who received 51.37% of the vote. Navalny finished second with 21.24%. The turnout was 32.03% of the electorate.

@AceNewsServices

 

#russia, #activism, #alexey-navalny, #federal-penitentiary-service, #moscow, #novosibirsk, #russian-opposition, #siberia, #subdivisions-of-russia, #suspended-sentence

RUSSIA: ‘ 195 Soviet-Era Decommissioned Submarines are Disposed ‘

#AceNewsReport – Featured Post:June.12: Currently, 195 of the 201 decommissioned submarines have been disposed. The demolition of the rest submarines and 14 technical support vessels is due to be completed by 2020.

1023270658
‘ 195 of 201 Decommissioned Soviet-Era Submarines are Disposed ‘

Russia’s Rosatom Corporation is nearing to complete the disposal of Soviet-made decommissioned nuclear-powered submarines and support vessels.

Currently, 195 of the 201 decommissioned submarines have been disposed. The demolition of all the decommissioned nuclear submarines and 14 technical support vessels is due to be completed by 2020.

“We have started the disposal of technical support vessels and depot ships. By 2020, we are expected to complete the disposal of all 14 support ships decommissioned from the Northern and the Pacific Fleets as well as two Atomflot support ships,” Rosatom CEO Sergei Kirienko said during the “70th anniversary of the Russian Atom” forum in Chelyabinsk.

K-3 Leninsky Komsomol

“195 of the 201 submarines have been dismantled and recycled. Six submarines are left. Now we have no vessels standing in queue for dismantling. In 1999, when Rosatom was charged with the disposal there were 120 submarines waiting,” Kirienko said.

In 2014, the disposal of the “Volodarsky” depot ship was completed. Now, the disposal of the “Lepse” depot ship has begun. Within six months, it will be discharged of nuclear fuel. Then it will be prepared for wet storage before the disposal.

Kirienko also pointed out that under the “Nuclear radioactive safety 2” program new equipment and technology were developed, including the recycling technology for the uranium-beryllium fuel from project 705 submarines which were equipped with liquid-metal reactors.

The need for the disposal of nuclear submarines and depot ships emerged after the fall of the Soviet Union. At that time, military spending was significantly reduced.

More than 200 submarines built-in the 1950-1980s, and a large number of support vessels, were decommissioned from the Russian navy.

@AceNewsServices

#russia, #atomflot, #black-sea, #bushehr, #chelyabinsk, #china, #iran, #mediterranean-sea, #mikheil-saakashvili, #ministry-of-defence-russia, #moscow, #nuclear-power, #nuclear-power-plant, #odessa-oblast, #ria-novosti, #rosatom, #russian-navy, #sergey-kiriyenko, #telegraph-agency-of-the-soviet-union

DOJ: ‘ Naturalised American admits Smuggling $65-Million in key Electronics ‘

#AceNewsReport – WASHINGTON:June.11: Alexander Brazhnikov, a naturalized US citizen born in Moscow, has admitted obtaining and smuggling sensitive electronic components worth $65 million from the United States to Russia, US Attorney Paul Fishman said in a press release on Thursday.

Naturalised American admits stealing $65-milion of key electronic component's '
Naturalised American admits stealing $65-milion of key electronic component’s ‘

Under questioning by a federal prosecutor, Brazhnikov admitted that between January 2008 and June 2014, he conspired to export 1,900 shipments of high-tech electronics components valued at $65 million to Russian defense contractors who supply Russian military and security forces.

“As he admitted in court, Brazhnikov was responsible for nearly 2,000 illegal shipments of regulated, sensitive electronics components, many of which wound up in the hands of Russian military and security forces,” Fishman said.

Brazhnikov admitted concealing the actual contents of the shipments, which were, in several instances, sent to the addresses of vacant apartments in Moscow.

Brazhnikov is a US citizen who has been in the country since the age of 22. He owned microelectronic exports companies in Carteret, Mountainside, Union and Manalapan.

He lives in Mountainside with his wife and two daughters.

His attorney, Jack Arsenault, said his client was enlisted by his father of the same name. He said his father, who is in Russia and has not been charged, turned his back on his son after his arrest in June 2014.

@AceNewsServices

#russia, #afghan-national-army, #alexander-brazhnikov, #baghdad, #defense-contractor, #intermediate-range-nuclear-forces-treaty, #moscow, #paul-fishman, #russian-armed-forces, #united-states, #united-states-department-of-defense, #washington-state

MOSCOW: ‘ Student detained in Turkey trying to join ISIL returns home to Russia ‘

#AceNewsReport – #BreakingUpdate:MOSCOW:June.11: A Russian student, Varvara Karaulova, who had been detained in Turkey during an alleged attempt to join the Islamic State, has returned to Russia with her father, her mother said Thursday.

The plane with my former husband and my daughter has landed. As far as I know, they are currently in the airport going through some juridical procedures,” the student’s mother told RIA Novosti.

Moscow State University student Varvara Karaulova, 19, was detained earlier in June on the border between Turkey and Syria while travelling with a group of foreigners allegedly recruited by Islamic radicals.

Since the rise of the Islamic State militant group, Turkey has become a gateway for foreign fighters attempting to join the group. As many as 20,000 foreign fighters have joined militant groups in Syria, including ISIL, according to the US National Counter-terrorism Center.

Earlier Thursday, Russian Foreign Minister Sergei Lavrov called on Turkey to allow diplomatic access to 14 Russian nationals detained for allegedly attempting to cross the Syrian border to join the Islamic State.

@AceBreakingNews

#russia, #list-of-diplomatic-missions-in-ukraine, #ministry-of-foreign-affairs-russia, #moscow, #news-agency, #sergey-lavrov, #sochi, #united-states

MOSCOW: ‘ Drones being readied for Arctic monitoring missions ‘

#AceNewsReport – MOSCOW:June.10: Russian Defence Ministry said that group of Russian military industry experts has arrived in the far eastern Chukotka Autonomous Area to prepare the Eastern Military District’s drones for monitoring missions in the Arctic.

' Russia Prepares Drones for Arctic Mission's '
‘ Russia Prepares Drones for Arctic Mission’s ‘

A group of Russian military industry experts has arrived in the far eastern Chukotka Autonomous Area to prepare the Eastern Military District’s drones for monitoring missions in the Arctic, the Russian Defense Ministry said in a press release Wednesday.

“The drones will be used for surveillance of the littoral part of the Pacific Ocean, the mainland part of the zone of responsibility of the troops and forces in the northeast, and Navy combat training ranges,” Capt. 1st Rank Roman Martov said.

@acenewsservices

#russia, #arctic-mission, #baltic-states, #combat-readiness, #eastern-military-district, #far-eastern-chukotka-autonomous-area, #kuril-islands, #member-states-of-nato, #mineral-oil-exploration, #ministry-of-defence-russia, #moscow, #nato, #russian-armed-forces, #russian-defence-ministry

MOSCOW: ‘ Russian Investigators open criminal case against Ponomaryov for Embezzlement ‘

#AceNewsReport – MOSCOW:June.09:. /TASS/. Russian Investigative Committee Chairman Alexander Bastrykin has opened a criminal case against State Duma deputy Ilya Ponomaryov over his complicity in embezzling 22 million rubles ($750,000) from the Skolkovo hi-tech hub’s funds, Investigative Committee spokesman Vladimir Markin said on Tuesday.

The criminal probe was opened into the misuse of $750,000 allocated under a 2010 contract on the fulfillment of R&D work and lecturing, the spokesman said.

Under the existing legislation, Russia’s Investigative Committee has received consent from the State Duma, the lower house of the country’s parliament, for opening the criminal case against Ponomaryov, Markin said.

The investigation of the case has been assigned to the Investigative Committee’s Department for High-Profile Investigations, the spokesman said.

“Considering that Ponomaryov is currently staying outside the Russian Federation, investigators plan to initiate his international search with his subsequent extradition so that he can go on trial in Russia.

Along with this, measures will be taken to compensate for the damage caused by this crime,” Markin said. @AceNewsServices

#russia, #a-just-russia, #alexander-bastrykin, #constitution-of-russia, #criminal-case, #federation-council-russia, #government-owned-corporation, #ilya-ponomaryov, #investigative-committee, #moscow, #russian-federal-space-agency, #state-duma, #vladimir-markin, #vladimir-putin

‘ RUSSIAN HUMAN RIGHTS COUNCIL DOES NOT QUESTION RESULTS IN DONETSK & LUHANSK ELECTIONS ‘

#AceNewsServices – MOSCOW – October 06 – Members of the Russian Presidential Council of Human Rights and Civil Society do not question the results of the November 2 elections in the self-proclaimed Donetsk and Luhansk People’s Republics:    “There are no reasons to question the will expression of residents in Luhansk and Donetsk republics which local Central Elections Commissions found valid officially,” member of the presidential human rights council Igor Borisov who conducted distance monitoring of these elections told a news conference in Moscow on Thursday.

' Russia presidential human rights council does not doubt Donetsk, Luhansk poll results '

‘ Russia presidential human rights council does not doubt Donetsk, Luhansk poll results ‘

Petitions for falsifications, injections of false ballot papers were not reported, he said. “We do not find cases of pressure on candidates and beating of candidates,” he added, saying with confidence that “this information would have leaked in the Ukrainian media.”

“Facts of bribing people so that local residents will vote for a piece of bread here, though Donetsk and Luhansk People’s Republics are suffering from famine, we do not find such cases that a vote was bought for foodstuffs and, moreover, for money,” he added.

LUHANSK, November 6. /TASS/. The first meeting of the People’s Council of the self-proclaimed Luhansk People’s Republic (LPR) that was elected on Sunday may be held on Monday, head of the republic’s Central Election Commission (CEC) Sergey Koziyakov told TASS on Thursday.

#ANS2014 

#elections, #moscow, #peoples-republics

MOSCOW: ‘ SKR OPENS CRIMINAL CASE OVER BOMBING DONETSK SCHOOL & KILLING OF CHILDREN ‘

#AceWorldNews – MOSCOW – October 06 – The Russian Investigative Committee (SKR) has opened a criminal case over a shelling of a school in Donetsk in eastern Ukraine, where children were killed.

'Donetsk republic mourns children killed in school shelling '

‘Donetsk republic mourns children killed in school shelling ‘

The killing is qualified as an international crime that involved the use of illegal methods of warfare, TASS reported, citing SKR spokesman Vladimir Markin.

Also on Thursday, Russian Foreign Ministry’s envoy for human rights and the supremacy of law Konstantin Dolgov said that those responsible for the killing of children in Donetsk are to be punished severely.

#ANS2014 

#bombing, #children, #donetsk, #killing, #moscow

MOSCOW: ‘ VLADIMIR PUTIN AWARDS POSTHUMOUS ORDER OF HONOUR TO CHRISTOPHE DE MARGERIE ‘

#AceWorldNews – MOSCOW – November 02 – Russian President Vladimir Putin has awarded a posthumous Order of Honour to Frenchman Christophe de Margerie Tass reported. 

'For major contribution to strengthening economic and cultural ties between Russia and France, Christophe de Margerie shall be awarded with the Order of Honour, says the text of the decree '

‘For major contribution to strengthening economic and cultural ties between Russia and France, Christophe de Margerie shall be awarded with the Order of Honour, says the text of the decree ‘

For major contribution to strengthening economic and cultural ties between Russia and France, Christophe de Margerie shall be awarded with the Order of Honour, says the text of the decree

He was the chief executive of the French oil company Total but died in October when his business jet collided with a snow plough at Vnukovo Airport in Moscow.

Putin had a good working relationship with de Margerie, who was a strong opponent of Western sanctions against Russia. Patrick Pouyanne has taken over as the new head of Total.

#ANS2014 

#acenewsservices, #moscow, #order-of-honour

MOSCOW: ‘ AIRPORT CHIEF ENGINEER CHARGED WITH DEATH OF CEO IN FALCON CRASH ‘

#AceWorldNews – MOSCOW – October 31 – Russian Investigative Committee charged the third defendant in the criminal case over the crash of a French jet Falcon in which France’s energy giant Total CEO Christophe de Margerie died at Moscow airport, Tass reported:  

“Today chief engineer of Vnukovo airport service Vladimir Ledenev was charged with violation of jet operation rules that entailed the death of two and more people through negligence. Ledenev was questioned as a defendant. Now he is under arrest,” committee’s spokesman Markin said.

The same accusation was earlier brought against flight controller Alexander Kruglov and probationary flight controller Svetlana Krivsun. They face up to seven years in jail.

“Investigative actions continue with other defendants in the criminal case including flights chief Roman Dunaev and operator of a snow-plough Vladimir Martynenko. They will also face charges in the near future,” Markin said.

#ANS2014 

#moscow

CHINA: ‘ CHINESE GOVERNMENT WILL NOT JOIN ECONOMIC SANCTIONS AGAINST RUSSIA ‘

#AceWorldNews – CHINA – October 24 – The Chinese government will not join economic sanctions against Russia, TASS quoted Chinese Foreign Ministry spokesperson Hua Chunying as saying on Friday.

She was commenting on a statement by Paul Jones, US Principal Deputy Assistant Secretary of State in the Bureau of European and Eurasian Affairs.

We come against any sanctions or threats because they are not an effective method of solving problems,”Hua said, adding that the political settlement of the situation in Ukraine is the only right way.

“The Asian countries have their own view on the Ukrainian problem,” Hua said.

“But China is sure that sanctions are useless.” 

#ANS2014 

#russia, #china, #moscow, #ukraine

MOSCOW: ‘ PUTIN VOICES OPINION OF THE WEST’S TREATMENT OF RUSSIA ‘

#AceNewsServices – MOSCOW – October 24 – Vladimir Putin has voiced his disagreement with the West’s position on Russia, which he likened to the Latin proverb

“What is permissible for Jove is not permissible for an ox.”

However, he said “a bear” won’t ask anyone for permission.

Stressing how different the international reaction to Kosovo and Crimea referendums was, the Russian president reminded of the proverb ‘Quod licet Iovi, non licet bovi’.

We cannot agree with such definitions,” he said.

“Maybe it isn’t permissible for an ox, but I have to say that a bear will not ask anyone for permission,” Putin jested, adding that a bear is “the master of the taiga” and it will not give it up to anyone.

The Russian leader attended the Valdai Discussion Club in Sochi on Friday where he touched a wide range of topics – from Islamist militants in the Middle East to the state of Russian economy.

Putin lashed out at the United States for destabilizing the world order of checks and balances for its own gains.

He also accused the West of inflaming the situation in Ukraine and said Russia was not interested in building an empire.

Source: 

#ANS2014 

#acebreakingnews, #middle-east, #moscow, #russian-president-vladimir-putin

MOSCOW: ‘ COURT ORDERS ARREST OF AIR TRAFFIC CONTROLLER IN CONNECTION WITH RECENT PLANE CRASH ‘

#AceWorldNews – MOSCOW – October 25 – The Basmanny District Court in Moscow on Friday ordered the arrest of air-traffic controller Aleksandr Kruglov of Vnukovo airport over his role in the crash of a Falcon jet crash that killed Total’s CEO Christophe de Margerie and the plane’s crew of three, RIA Novosti reported.

The judge refused to free Kruglov on bail.

The controller has denied any wrongdoing, saying he acted in strict accordance with instructions.

Source: 

#ANS2014 

#moscow

MOSCOW: ‘ CEO OF FRENCH OIL CORPORATION KILLED WHEN HIS PRIVATE JET HIT A SNOW PLOUGH ON TAKE-OFF’

#AceWorldNews – MOSCOW – October 21 – The chief executive of French oil major Total, Christophe de Margerie, was killed when his private jet collided with a snow plough as it was taking off from Moscow’s Vnukovo airport on Monday night.

Main-Margerie

CEO OF FRENCH OIL CORPORATION KILLED WHEN HIS PRIVATE JET HIT A SNOW PLOUGH ON TAKE-OFF’

De Margerie’s death leaves a void at the top of one of the world’s biggest listed oil firms at a difficult time for the industry as oil prices fall and state-backed competitors keep them out of some of the best oil exploration territory.

The collision occurred minutes before midnight Moscow time as de Margerie’s Dassault Falcon jet was taking off for Paris.

Russia’s Investigative Committee said the driver of the snow plough had been drunk and that a criminal investigation had been launched.

The plane’s three crew also died, said Total.

The airport said visibility was 350 meters (1,150 feet) at the time of the crash.

Source: 

#ANS2014 

#moscow

MOSCOW: ‘ LAVROV CALLS FOR UN SECURITY COUNCIL TO ESTABLISH INTERNATIONAL COALITION AGAINST TERRORISM ‘

#AceNewsServices – MOSCOW – October 20 – An international coalition against terrorism should be established through the UN Security Council, and not in a unilateral way to achieve geopolitical goals, TASS quoted Russian Foreign Minister Sergey Lavrov as saying on Monday.

“If we speak on coalitions, let’s form such a coalition, let’s adopt such a decision at the UN Security Council,” he said.

“Making the fight against terrorism subordinated to a political aim of punishing these or those regimes is very wrong, abnormal and counter-productive and leads only to increasing chaos.”

#ANS2014

#moscow, #un-security-council

‘ RUSSIA’S NATIONAL CURRENCY BEING BURNED BY HIDDEN FIGURES IN POLITICAL MANIPULATION ‘

#AceNewsServices – MOSCOW – October 18 – Russia’s Central Bank will use elements of a fluctuating exchange rate to support the national currency and will not “burn” its reserves, Russian President Vladimir Putin said Friday.

“Russia’s Central Bank will pursue a balanced financial policy. This means that it will use elements of a floating exchange rate and will not recklessly burn its reserves,” Putin told journalists after meeting with Ukrainian President Petro Poroshenko in Milan.

“However, the reserves are not enough to make adjustments to the national currency level. I do not see any possible dramatic changes here. I am confident that with the change in oil prices, [the bank] will also adjust the rate of the national currency, the rate of the ruble,” Putin added.

Russia’s Reserve Fund totals some 3.5 trillion rubles ($74 bln) as of September 2014.

Earlier on Monday, Russia’s Finance Ministry said that the government could spend up to 1.5 trillion rubles (over $37 billion) in 2015-2017 to finance the federal budget in light of falling oil prices and the weakening of the national currency.

Russian Finance Minister Anton Siluanov said Monday that some 500 billion rubles ($12.4 billion) from the Reserve Fund may be spent in 2015 provided that oil prices and the rate of exchange of the ruble against the US dollar stay at current levels.

The price of Russia’s main export crude Urals fell to $90 per barrel in September. However, the draft budget for 2015 was planned with a price of $100 per barrel in mind.

Earlier in October, Putin said that Russia has enough reserves to implement all the points under the state budget regardless of global political and economic trends.

Source: 

#ANS2014

#russia, #central-bank, #moscow

‘ RUSSIAN ROUBLE UNDERMINED BY PETRO DOLLAR AS MARKET MANIPULATOR’S USE OIL PRICES ‘

#AceNewsServices – MOSCOW, October 15. – Today it was reported that the Russian currency’s exchange rate has plummeted amid a sharp fall in world oil prices while measures planned by Russia’s financial and monetary authorities can only mitigate the ruble’s fall, according to experts polled by TASS. 

Oil price plunge to provoke revaluation of oil companies’ worth — experts

Oil price plunge to provoke revaluation of oil companies’ worth — experts

Russia’s Finance Ministry then announced plans to hold foreign currency deposit auctions for Russian banks while the Central Bank plans foreign exchange repo transactions to prop up the national currency.

But these measures are hardly likely to prevent the ruble’s further decline, if world oil prices continue to go down, experts said.

The downward trend on global oil markets have not yet affected the Russian stock market but revaluation of oil companies’ worth is near at hand, analysts said, adding this would happen after investment banks reviewed their long-term oil price forecasts.

Oil hits the ruble

The US currency rose to above 41 rubles to the US dollar on the Moscow Exchange on Wednesday amid rapidly declining oil prices.

The ruble has been falling for seven consecutive trading sessions and the national currency has shed 2.6 rubles against the US dollar in the past four weeks.

#ANS2014

#currency, #moscow, #rouble, #ruble, #us-dollar