The European Bank for Reconstruction and Development (EBRD) is to lend $5.4 million to the fund for the construction a maritime-navigation safety system designed to reduce the risk of collision in the Russian sector of the Baltic Sea, the bank reported in an official statement on Thursday. A massive surge in tanker traffic is being projected, the statement said.
The loan will be the EBRD's first investment in the Russian port sector, the director of the EBRD's Transport Team Ricardo Puliti said. The five-year loan will allow for the completion of the second phase of a regional-navigation safety system in the Gulf of Finland. The total cost of the second phase is estimated at $9.3 million, the St. Petersburg Times reported.
The discovery of the submarine has unveiled a few "inconsistencies." For example, how can one explain the fact that the sub was found where it needed to be searched for from the start?
When on a state visit to Singapore, Russian President Vladimir Putin promised to revisit the discussion of the 1956 Declaration between the USSR and Japan regarding the issue of the peace treaty with Japan
The TurkStream, which runs along the bottom of the Black Sea from Russia's Anapa to Turkey, will consist of two lines, each with a capacity of 15.75 billion cubic meters of gas a year