Russian News: July 11th, 2008!

RBC, 11.07.2008, Moscow 15:59:15.The Russian government is discussing the possibility of acquiring Oman’s stake in the Caspian Pipeline Consortium (CPC), Igor Sechin told journalists today. He added that Russia had already made a proposal and that the matter was currently under discussion. RBC, 11.07.2008, Moscow 15:17:05.Russia’s Federation Council Speaker Sergei Mironov approves of the idea […]

Russian 18th Century Ship To Be Raised!

A Russian ship which sank in 1771 off the coast of Finland is to be raised out of the water. It is said to be carrying works of art bought by the Russian empress, Catherine the Great, in Amsterdam. The ship’s cargo contained around 300 works of art, including paintings by Rembrandt, as well as […]

The Winter War – Finland does not Forget!

Lets look at a video and touch on the subject of history: This history is about “The Winter War” on November 30, 1939, the Soviet Union invaded Finland. It was a war Russia would rather forget, while Finland wants to keep the memory alive. Finns are commemorating the 70th anniversary of the start of the […]

Russia: Foreign exchange reserves!

Hello, Reserves were formerly held only in gold, as official gold reserves. But under the Bretton Woods system, the United States pegged the dollar to gold, and allowed convertibility of dollars to gold. This effectively made dollars appear as good as gold. The U.S. later abandoned the gold standard, but the dollar has remained relatively […]