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MOSCOW. (RIA Novosti economic commentator...

MOSCOW. (RIA Novosti economic commentator Nina Kulikova.) – The early 1990s were a time when crime penetrated the Russian economy and money started flowing out of the country, whose legislation was lagging far behind the world’s anti-money laundering laws. As a result, the Financial Action Task Force on Money Laundering (FATF) put Russia on the black list of “tax havens” in 2000, which led to various discriminatory measures against Russian financial institutions.


MOSCOW, January 29 (RIA Novosti) - Russia"s...

MOSCOW, January 29 (RIA Novosti) - Russia"s fifth-generation fighter performed its maiden flight on Friday.


Over 102,000 military servicemen across...

Over 102,000 military servicemen across Russia will take part in festivities dedicated to the 65th anniversary of victory over Nazi Germany, the Russian defense minister said on Wednesday.

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Russia has confirmed its readiness to transfer...

According to the paper, Russia and India quietly firmed up the 10-year lease of the K-152 Nerpa submarine during Russian Prime Minister Vladimir Putin"s visit to New Delhi last week.

With the final lease and training agreements now in place, India is dispatching a 50-member submarine crew, including 8-10 officers, to Russia to train on the Akula-II class nuclear submarine, the paper said.

"The Indian naval team will be leaving within 15 days. They will first undergo intensive training on the Nerpa and then bring it to India on the 10-year lease,"" a defense ministry source told the paper on Tuesday.

Akula II class vessels are considered the quietest and deadliest of all Russian nuclear-powered attack submarines.

The lease follows an agreement inked between New Delhi and Moscow in January 2004, with India funding part of the Nerpa"s construction at the Komsomolsk-on-Amur shipyard in the Russian Far East with an initial $650 million, the paper said.

The

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