Daily News Channel
Russia’s finance minister made a rare admission of responsibility Monday for the country’s severe economic crisis. The Russian government overspent its vast oil revenues in recent years, fueling inflation, and did not do enough to reduce the economy’s reliance on oil, Finance Minister Alexei Kudrin said in an exclusive CNN interview. “Of course, I too bear the responsibility for not managing to diversify the economy as much as we wanted,” Kudrin said
Russia’s finance minister Monday made a rare admission of responsibility for the country’s severe economic crisis. The Russian government overspent its vast oil revenues in recent years, fueling inflation, and failed to diversify the national economy, Finance Minister Alexei Kudrin said in an exclusive CNN interview. Kremlin officials usually blame the West, and specifically the United States, for the global economic crisis
One day before U.S. President Barack Obama’s Canadian visit last week, Canadian fighter jets intercepted two Russian bombers near Canadian air space, the defense minister said Friday
Iran’s first nuclear power plant will undergo comprehensive testing Wednesday in front of Russian and Iranian officials, Iranian Students’ News Agency reported, quoting a nuclear expert. Reza Khazaneh, a former adviser to the head of Iran’s Atomic Energy Organization (IAEO), told the semi-official news agency the tests will be carried out using “dummy” fuel rods without enriched uranium
Spanish police Tuesday arrested a Spanish soldier and his Russian girlfriend for allegedly posting videos on the Internet promoting Islamic extremist views and calling for attacks in Spain, a Ministry of Interior statement said.
Russian billionaire Roman Abramovich is spending more than £240 ($340) per minute on his London football club, Chelsea FC, fresh figures have revealed. Abramovich, who took over the Stamford Bridge club in 2003, has since poured £710 million ($1.03 billion) into rejuvenating the team — an amount that equates to the incredible $342 per minute
Sonic booms and at least one fireball in the sky were reported in Texas on Sunday, less than a week after two satellites collided in space and a day after the Federal Aviation Administration asked U.S. pilots to watch for "falling space debris," authorities said.
A Russian heavy missile cruiser stopped three pirate ships off the coast of Somalia, and detained 10 pirates, according to a statement released Friday by Russian Navy headquarters in Moscow. The cruiser, Peter the Great, halted two small high-speed motor boats and a mid-size, support vessel on Thursday, the Russians said. “Ten pirates have been detained
Chelsea said on Tuesday that they had been given permission to talk with Guus Hiddink about taking charge at the Premier League club until the end of the season. The Dutchman has emerged as the clear favorite to replace the sacked Luis Felipe Scolari, but his involvement with the Russian national team is a stumbling block.