Russia

Forest City Sells Its stake in Brooklyn Nets Basketball Team and Barclays Center to Russian billionaire Prokhorov

Forest City Sells Its stake in Brooklyn Nets Basketball Team and Barclays Center to Russian billionaire ProkhorovEnding months of speculation it is official now that Forest City Enterprises, I

Airstrikes Intensified Against ISIS; Main Targets Oil Tanker Trucks and Refining Facilities

ISISIntensified air strikes by the U.S and Russian militaries reflect how the countries are focused to use international efforts against the ISIS and degrade their ability to utilize oil as their main financial support.

Worries about Global Oil Glut Increases as Russia Boosts its Output

Worries about Global Oil Glut Increases as Russia Boosts its OutputThe US crude remained close to $45 in the recent weeks. Brent crude remained between $47 and $49.

Russia on Edge of Recession, Putin Shelves Projects

Russia on Edge of Recession, Putin Shelves ProjectsVladimir V. Putin, the Russian President became a popular figure, as he made that Russians grow richer with every passing year. He also vowed to the people of Russia that he will restore the country's grand power status. However now, the government is predicting that the struggling economy will enter into a phase of recession in the coming year.

Confusion over News of Release of Vladimir Evtushenkov from house arrest

Confusion over News of Release of	Vladimir Evtushenkov from house arrestThe Indian division of Sistema, today announced that its Chairman was today released from the house arrest in Moscow.

This announcement was highly welcomed by some of the top officials but soon enough the news of release was rejected by the top criminal investigation agency of the nation.

New U.S Sanctions Ban Western Oil Companies from Oil Exploration in Russia

New U.S Sanctions Ban Western Oil Companies from Oil Exploration in RussiaThe new sanctions imposed on Russia by U. S. and EU will now bring a sudden stop to the ongoing exploration of shale oil reserves or oil from Russia's Arctic region. It will further cause difficulties in financing for the active Russian projects that stretch from the Caspian Sea to Iraq and Ghana.

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