Russia Will Work to ‘Normalize’ Afghanistan – Putin

Russia is working actively to “normalize” the situation in Afghanistan, President Vladimir Putin said Tuesday during a visit to neighboring Tajikistan, evoking Moscow’s responsibilities in the area. “We are doing everything to normalize the situation [in Afghanistan] and we are trying to build relations with the political forces that control the situation,” Putin said during talks…

Russian Oligarch Deripaska Says Destroying Ukraine Would Be ‘Colossal Mistake’

Russian aluminum magnate Oleg Deripaska said Tuesday it would be a “colossal mistake” for Russia to destroy Ukraine with its military offensive, a rare rebuke from a member of Russia’s business elite.  “Is it in Russia’s interest to destroy Ukraine? Of course not, that would be a colossal mistake,” he told a rare press conference in Moscow. He repeated…

When Culture Reaches for a Gun

This article was first published in The New Times. Mikhail Piotrovsky, the director of the State Hermitage Museum, joined Vladimir Putin, Security Council chief Nikolai Patrushev, Patriarch Kirill and former culture minister Vladimir Medinsky in the role of heavy artillery to justify ideologically Russia’s choice of civilization: self-isolation and an archaic militarized state. Mikhail Piotrovsky…

Michelin Tire Group to Give Up Russia Business

French tire group Michelin said Tuesday it plans to transfer its activities in Russia to local management, the latest foreign firm to exit the country following Moscow’s invasion of Ukraine. Hundreds of Western companies ranging from furniture store IKEA to fast-food chain McDonald’s and sports retailer Nike have left Russia since the war erupted in late February and sanctions…

Moody’s Declares Russia in Default

Moody’s ratings agency has confirmed that Russia defaulted on foreign debt for the first time in a century after bondholders did not receive $100 million in interest payments. “Missed coupon payment constitutes a default,” Moody’s said in a statement late Monday.  Bloomberg had earlier reported that Russia has defaulted on its foreign debt after the…

Russia Restricts Pilot Exodus Following Mass Layoffs – Kommersant

Russian aviation authorities are preventing jobless pilots from finding work with foreign airlines, the Kommersant business daily reported Tuesday, citing five unnamed industry sources.  Airlines started laying off Russian pilots in the spring after most international flights were grounded due to the risk of aircraft seizures in line with Western sanctions over Russia’s invasion of Ukraine.…