Russia’s United Shipbuilding Corporation and the Baltiisky Zavod shipyard signed a 2.5 billion ruble ($80 million) contract on Friday to build hulls for the third and fourth French Mistral-class warships for the Russian Navy. The signing ceremony took place in the presence of Prime Minister Vladimir Putin. French shipbuilder DCNS said on Wednesday it had [...]
Tag: payment
December 2, 2011
November 30, 2011
France starts building first warship for Russia
French shipbuilder DCNS has received advance payment from Moscow under a $1.2-billion contract and will start the construction of the first warship for the Russian Navy, the DCNS press service said on Wednesday. The two countries signed a contract in June on two French-built Mistral class amphibious assault ships including the transfer of sensitive technology. [...]
November 30, 2011
Moscow court sanctions arrest of Luzhkov’s brother-in-law
A Moscow court sanctioned on Wednesday the arrest of Viktor Baturin, the brother-in-law of former Moscow mayor Yury Luzhkov, on charges of attempted fraud. Baturin, who is already serving a suspended sentence, was detained in the Russian capital on Monday. Investigators claim he demanded payment of 10.8 million rubles ($344,000) from his billionaire sister’s company [...]
November 29, 2011
Luzhkov’s brother-in-law charged with fraud
Russian businessman Viktor Baturin, the brother-in-law of former Moscow mayor Yury Luzhkov, was charged with attempted fraud on Tuesday, a police spokesman said. Baturin was detained in Moscow on Monday. Investigators said he demanded payment of 10.8 million rubles ($344,000) from his billionaire sister’s company Inteko under a fake promissory note. “The suspect said he [...]
September 14, 2011
One dollar house gets foreclosed; 101-year-old granny gets evicted
It’s no secret that Americans are losing their jobs in droves. The country can’t create new ones and nearly one-in-ten are unemployed. As incomes are eradicated and careers crumbled, the new terrible trend in the US is hitting home hard. Literally. Homes across America thought safe from foreclosure are going back to the banks as [...]
September 13, 2011
Russia’s Kruzenshtern Barque is Leaving for Her Autumn Voyage…
As I said the other day I just love these huge sailing ships of Russia’s. We have a Tall Ship right now in Honolulu: A Russian Tall Ship (Pallada) in Honolulu is so beautiful. But my favorite is the Kruzenshtern. It is as I have said before it originally was German made but Russia got [...]