As economic crisis in Russia deepens with the Russian rubel in free fall, the United States and the European Union both announced to impose further sanctions on Russia at the end of this week. US president Obama has decided to sign legislation on Friday that sanctions the Russian energy and military sector and over that … Continue reading Russia: New sanctions to enforce regime change?
Russian and Ukrainian economy seem to be in free fall as latest media reports suggest. Both countries are definitely facing a serious economic crisis that can have a negative impact on efforts to find a peaceful solution in the Ukraine conflict. Ukrainian Prime Minister Arseniy Yatsenyuk is calling the European Union for urgent financial aid … Continue reading Economy: Ukraine and Russia in free fall
Today the Finnish parliament agreed on the highly criticized nuclear deal with Russia. With 115 to 74 votes the Finnish parliament approved the plan of constructing a new nuclear power plant in Pyhäjoki, delivered and partly owned by Russian Rosatom. The vote was overshadowed with an failure during the voting procedure. One vote against it … Continue reading Finland accepts nuclear deal with Russia
Despite EU sanctions against Russia, Finland continues negotiating energy deals with Russia. On 5 December, just one day before Finnish independence day (Finland was part of the Russian Empire until 6 December 1917), the Finnish parliament decides on a new nuclear power plant project that is partly owned by Russia’s state owned Rosatom and will … Continue reading Finland continues energy deals with Russia
Despite current EU-sanctions on Russia and Russian counter sanctions, Finland, until 1917 part of the Russian Empire, closed a deal on mutual electricity transfer with Russia. Finnish national electricity grid operator Fingrid and its Russian counterparts signed a deal on 7 November 2014 enabling Finland to sell up to 320 megawatt of electricity to Russia. … Continue reading Finland closes electricity deal with Russia
Media reports that at least one part of the controversial military arms deal between France and Russia is going to be fulfilled despite sanctions. Russia ordered two Mistral-class helicopter carriers of which the first one, the Vladivostok, has been finished and is ready for handover. Russian navy personnel has been practicing on the vessel since … Continue reading Mistral carrier to be delivered to Russia