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Russian airforce helicopter crashes, killing one MOSCOW: A Russian airforce helicopter crashed during an air show on Sunday in front of thousands of spectators, killing one pilot, the latest in a string of military crashes.The Mi-28N attack helicopter was participating in the show as part of a competition organised by the Russian defence ministry, Russian media reported from the event."One pilot has died, the condition of the other is satisfactory," the ministry said in a statement published by Russian news agencies.The Russian airforce proceeded to ground all Mi-28 flights after it was revealed that the crash could have been caused by equipment failure.The air show Aviadarts, where airforce plane and helicopter crews compete to carry out timed tasks, was suspended for the day.Television footage showed rescue workers attending to the smouldering helicopter lying on its side in the airfield after it crashed and burst into flames. The defence ministry said the accident was apparently caused by ...

Russia MOSCOW: Russian foreign minister Sergei Lavrov will hold a three-way meeting with his U.S. and Saudi counterparts, John Kerry and Adel al-Jubeir, during a working visit to Qatar on Aug. 2 and 3, Russia's foreign ministry said on Saturday.The ministry said Lavrov would also hold meetings with the emir of Qatar, Tamim bin Hamad al-Thani, and foreign minister Khalid al-Attiyah.It said Lavrov was visiting Qatar to discuss peace moves in Syria, Yemen and Libya, international ...
Russia's Putin, Turkey's Erdogan to discuss TurkStream this autumn MOSCOW: Russian President Vladimir Putin will meet Turkish President Tayyip Erdogan this autumn and the two will discuss the TurkStream natural gas pipeline project, Kremlin spokesman Dmitry Peskov told reporters on Friday. Turkey's ambassador to Moscow told RIA news agency separately on Friday that talks on the pipeline that would carry Russian gas to Europe via Turkey were ongoing. That came after Turkish officials told Reuters on Thursday the talks had been suspended after Moscow ...
Ukraine court permits pro-Russia rebels' self-rule KIEV: Ukraine's highest court on Friday allowed parliament to vote on Western-backed constitutional amendments aimed at stemming daily bloodshed by giving pro-Russian insurgents partial autonomy in the separatist east.The idea of granting limited self-rule to rebellious parts of Ukraine's industrial war zone for three years has struck a note of disquiet among many lawmakers and much of the Kiev media.But it was inscribed in a truce deal that Ukrainian President Petro Poroshenko and Russia's Vladimir ...
Cameron promises more security aid for Calais LONDON: British Prime Minister David Cameron promised on Friday to provide more security fencing and sniffer dogs to aid French police in repelling attempts by migrants to board Channel Tunnel trains to Britain.Speaking after an emergency ministerial meeting in London, Cameron also said that defence ministry land would be used to park trucks waiting to cross to the French port of Calais."The situation is not acceptable... We're going to put in more fencing, more resources, ...
Two Turkish police killed in gun attack blamed on PKK: reports ISTANBUL: Two Turkish police were killed on Friday in a gun attack on police headquarters in the southern region of Adana blamed on Kurdish militants, the official Anatolia news agency reported.The gunmen fired on police headquarters in the city of Pozanti, sparking clashes which left two police as well as two militants dead, Anatolia said, quoting top local officials. The police were hunting for those attackers who escaped, it added.The attack is the latest to ...
France, Russia reach deal on compensation of Mistral warships MOSCOW: After eight months of negotiations France and Russia have reached a deal on the amount Paris must pay Moscow in compensation for the non-delivery of two Mistral warships, a senior Russian official said."The negotiations are completely finished, everything has already been decided, both the time-frame and the amount," President Vladimir Putin's adviser for military and technical cooperation, Vladimir Kozhin, told state news agency RIA Novosti on Thursday evening."I hope we will sign the agreement ...


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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln