Russia’s Rainy Day Reserve Fund has ceased to exist as of January 1: Finance Ministry

Dumpster diving in Russia. Photo courtesy Ilya Plekhanov, 2014, CC 3.0.

nsnbc : Budget deficits have exhausted the Russian Federation’s Rainy Day Reserve Fund, reported Russia’s Finance Ministry. The fund, set up in 2008, ceased to exist as of January 1, 2018, the Ministry reported this week.   Dumpster diving in Russia. Photo courtesy Ilya Plekhanov, 2014, CC 3.0. The reserve fund was established in 2008 as More...

by nsnbc | Published 1 week ago
By nsnbc On Thursday, January 11th, 2018

National Bank of Belarus lifts foreign exchange restrictions

nsnbc : The National Bank of the Republic of Belarus has lifted the restrictions on the purchase of foreign currency by legal entities and individual entrepreneurs. The National Bank stated: “As part of the measures More...

Venezuela inflation_Dec 2017
By nsnbc On Friday, December 8th, 2017

Inflation to top 2,000 percent in 2017: Venezuelan Congress

nsnbc : Venezuela’s Congress reports that the inflation rate has reached quadruple digits and that the inflation rate in 2017 will top some 2,000 percent. The opposition-controlled legislature reported that More...

Maduro proposes crypto currency dubbed "petro". One advantage would be that one doesn't have to use a wheel barrel to transport money when buying a loaf of bread.
By nsnbc On Tuesday, December 5th, 2017

Venezuela to lauch crypto currency to bypass U.S. sanctions

nsnbc : Venezuelan President Nicolas Maduro said his country will launch a crypto currency to bypass what he described as the United States’ financial blockade imposed on Venezuela. The new currency will be More...

Blue Steam_Turkish Stream_Gazprom_Russia
By nsnbc On Saturday, November 4th, 2017

Russia to start building 2nd line of Turkish Stream only if EU provides legal guarantees: Lavrov

nsnbc : Russian Foreign Minister Sergei Lavrov told the Association of European Businesses in the Russian Federation that Moscow will start construction of the second line of the Turkish Stream gas pipeline, but More...

Natural gas_Fertilizer production_Archives)
By nsnbc On Thursday, November 2nd, 2017

Norwegian fertilizer maker Yara International is considering building a $2 billion plant in Mozambique

nsnbc : The Norwegian fertiliser maker Yara International is considering building a $2 billion plant in Mozambique. The Norwegian company may seek partners to share the cost, said Yara CEO Svein Tore Holsether. In More...

Screen capture from OCCRP YouTube video.
By nsnbc On Thursday, October 26th, 2017
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Putin’s inner cirkle has amassed $24 bln: OCCRP investigation

nsnbc : Russian President Vladimir Putin’s inner circle is estimated to have amassed almost $24 billion away from the public eye, with large sums and wealth amassed with persons who more likely than not are More...

Mozambican coal (archives)
By nsnbc On Wednesday, October 25th, 2017

U.S. law firm files class action lawsuit against Rio Tinto over losses at Mozambican coal project

nsnbc : The U.S.-American law firm Hagens Berman, based in Seattle, has filed a lawsuit against mining giant Rio Tinto over failed investment in a Mozambican coal project which has cost the mining giant billions More...

Airbus A330neo_Toulouse_France_Oct 2017_Maiden flight
By nsnbc On Thursday, October 19th, 2017

First Airbus A330neo lifted off from Toulouse on maiden flight

nsnbc : The first A330neo made by European aircraft manufacturer Airbus has lifted off from Toulouse on its maiden flight, commencing the test program for the new, re-engineered twin-engine jetliner. The first A330neo More...

al-Sulaymaniyah Airport_KAR_Iraq
By nsnbc On Wednesday, October 11th, 2017

Flight ban imposed by Baghdad costs Kurdish airport USD60.000 daily

nsnbc : The international flight ban imposed by the federal government of Iraq on airports in the Kurdistan Autonomous Region (KAR) has caused  the al-Sulaymaniyah Airport to sustain tens of thousands of dollars More...