Russia News

Death Toll Mounts from Floods in Southern Russia

The death toll from severe flooding in the Black Sea region of southern Russia has risen to at least 150 [later reports put the number of deaths at more than 170]. Torrential rains dropped more than 28 centimeters (nearly a …

Best Special Report on Russia Says ‘Insurance Revolution Begins to Gain Pace’

A.M. Best ahs issued a special report – “Russia’s Insurance Revolution Begins to Gain Pace,” which notes that “insurance penetration is low, even when including compulsory lines such as medical cover, which has little or no risk-bearing element. The Russian …

UK Insurer Cancels Coverage on Russian Ship Going to Syria

A British company said Tuesday it has cancelled insurance for a Russian ship it says was carrying munitions to Syria – a shipment the British government says included refurbished military helicopters. U.K.-based insurer Standard Club said in a statement that …

Wreckage of Russian Sukhoi Plane Strewn on Indonesian Mountain

The wreckage of a Russian Sukhoi aircraft with about 50 people on board was found on Thursday strewn on a steep ridge on a mountain south of the Indonesian capital where it crashed during a demonstration flight. There were no …

Melting Arctic May Redraw Global Geopolitical Map

This year’s frenzy of oil and gas exploration in newly accessible Arctic waters could be the harbinger of even starker changes to come. If, as many scientists predict, currently inaccessible sea lanes across the top of the world become navigable …

Arctic Ice Melt Lifts Hopes for Russian Maritime Trade

When severe snowstorms prevented life-sustaining fuel supplies from reaching the frozen Alaskan town of Nome, U.S. officials turned to a Russian company for help. The relief mission through perilous, ice-choked seas was the first mid-winter fuel delivery to western Alaska, …

Russian Oil Rig Sinks; More than 50 Feared Dead

A drilling rig with 67 crew on board capsized and sank off Russia’s far eastern island of Sakhalin on Sunday while being towed through a winter storm, leaving more than 50 dead or missing in the icy Sea of Okhotsk. …

WTO approves Russia’s Membership after Marathon Meeting

Russia was admitted into the World Trade Organization on Friday after 18 years of negotiation, finally binding it into the global economy two decades after the Soviet Union collapsed. Russia’s $1.9 trillion economy was the largest outside the WTO, and …

Russian Aviation Safety Facing Criticism After Hockey Team Crash

A prominent Russian lawyer said Wednesday he will challenge the powers of a regional aviation watchdog following a crash that killed an entire Russian professional ice hockey team and other recent air disasters that have raised concerns about the nation’s …

West, Russia Divided on U.N. Security Council Climate Role

Western nations clashed with Russia and developing countries Wednesday over whether climate change was a security matter meriting the attention of the Security Council, the most powerful U.N. body. Diplomats said Russia initially blocked the adoption of a statement on …