5 Russian Mercenaries Reportedly Killed in Mozambique Ambush

Five Russian mercenaries are believed to have been killed alongside 20 Mozambique servicemen during an ambush in the southeastern African nation, the independent Carta de Moçambique news outlet reported Tuesday. The unconfirmed report comes a month after the reported arrival of 200 Russian mercenaries and three helicopters to help Mozambique’s government forces fight jihadists amid Moscow’s wider…

Ukrainian Troops Start Withdrawing From Eastern Town

Ukraine’s military said the withdrawal of government and Russian-backed rebel troops started at 12:00 p.m. local time on Tuesday in Zolote, a town in the eastern Ukrainian region of Luhansk. Ukrainian forces have fought rebels in the Donbass region in a conflict that has killed more than 13,000 people. Both sides have agreed to modest troop…

Supplies of Banknotes from Russia to East Libya Accelerated This Year

A parallel central bank in eastern Libya stepped up deliveries of new banknotes from Russia this year, before and after eastern-based commander Khalifa Haftar launched a military offensive to capture Tripoli, Russian customs data show. The data obtained by Reuters shows nearly 4.5 billion Libyan dinars ($3.22 billion) were dispatched in four shipments from February to June. Haftar launched his campaign…

Russian Metals Plant to Start Bitcoin Mining

A Russian aluminum plant closed as a result of U.S. sanctions is set to be transformed into a bitcoin mining hub. The Nadvoitsy Aluminum Plant in Russia’s northern Karelia region, owned by Russian metals giant Rusal, stopped production last summer after it lost access to American customers following the introduction of U.S. sanctions against Rusal…

Ivanovo: A City in Search of a New Identity

Ivanovo, like many cities in Central Russia, is finding it hard to redefine itself to attract tourists. It used to be “the capital of textiles” and then “the city of brides,” — who worked in the textile factories — but today it’s just a stopover on the popular Golden Ring route. Some guidebooks on Russia…

Russia’s Sberbank to Buy Stake in Mail.Ru

Sberbank, Russia’s largest bank, is to purchase a $170 million stake in tech giant Mail.Ru. The deal will see Sberbank buy into a company called MF Technologies, which owns a majority of Mail.Ru’s voting rights, from Gazprombank — another state-owned Russian financial outfit. Sberbank’s 35% stake in MF Technologies would give it control of one-fifth…

Power of Siberia pipeline filled up with gas

Background Power of Siberia is the largest gas transmission system in Russia’s East. The trunkline will transport gas from the Irkutsk and Yakutia gas production centers to consumers in Russia’s Far East and China. Start-up and commissioning operations are now undergoing at the core facilities of the Chayandinskoye field, and drilling of gas production wells is progressing ahead of schedule. Production drilling is in full swing at the…